Saving money by taking out a loan may sound counterintuitive, but a program offered by some credit unions is aimed at having consumers do just that.“Borrow and Save” programs, which tie small loans to forced savings by the borrowers, showed promise in a recent pilot test at 12 credit unions, said Andrew Downin, managing director of innovation at the nonprofit Filene Research Institute, a consumer finance research organization.“The goal is to establish a behavior and a habit of saving,” Mr. Downin said.This month the institute published a study of several new financial products, including Borrow and Save. The loan program was initially used by members of the National Federation of Community Development Credit Unions as a way to help their low- and moderate-income customers avoid high-cost borrowing and build savings for emergencies. The Filene Institute conducted the broader pilot over 16 months with a grant from the Ford Foundation. continue reading » 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
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Investors should not be formally assessed on the outcomes of investments made in line with the UN’s Sustainable Development Goals (SDGs), according to one of the world’s biggest asset owners.Norges Bank Investment Management (NBIM), manager of Norway’s NOK8.9trn (€919bn) sovereign wealth fund, said it did not support adding outcome-based reporting on the SDGs, in a written response to the Principles for Responsible Investment’s (PRI) reporting review.NBIM argued in a letter to the PRI Association that it was difficult to measure an investor’s direct impact on the SDGs, and that the inclusion of outcome-based reporting was drifting away from the PRI’s founding principles.In the letter, NBIM’s Carine Smith Ihenacho, chief corporate governance officer, and Wilhelm Mohn, head of sustainability initiatives, wrote: “To attribute ownership of an outcome, an investor would ideally need to be able to demonstrate additionality, ie that any positive impact would not have happened without their investment. “Establishing such a relationship is challenging, given that a minority investor has only a marginal influence on a company’s funding cost and on its strategic direction, and is not involved in operational decisions. Investors’ efforts may be several steps removed from real-world outcomes on sustainable development.”NBIM also said that, for many investors, achieving the SDGs was not necessarily part of their mandate and so they should not be expected to report potential outcomes of their investments in this way to the PRI.#*#*Show Fullscreen*#*# Dutch asset managers APG and PGGM have assessed the ‘investability’ of the SDGs“Finally, including outcome-based reporting in the PRI Reporting Framework is drifting away from the PRI’s founding principles,” Smith Ihenacho and Mohn said. They added that the PRI’s signatories were financial investors committed to incorporate environmental, social and corporate governance (ESG) issues into their decision-making, while delivering on their investment mandate.“Most investors’ mandate is to maximise financial returns for their beneficiaries,” they said. “Responsible investors who do not have in their mandate to achieve specific social or environmental goals, or to contribute to policy goals, should not be expected to report on such potential impact under the PRI Reporting Framework.”The PRI has said that reporting how companies incorporated ESG factors not only encouraged positive change in financial markets, but also gave signatories an opportunity to compare their performance with peers, allowing for feedback and improvement.NBIM said this was not the first time it had objected to the concept of outcome-based reporting, having previously highlighted problems in the fund’s response to the PRI Blueprint, created in 2017.The PRI is surveying signatory investors and service providers about their views on the organisation’s reporting framework as part of a review it committed to in 2017.It wants to force signatories to report how they have considered specific climate change risks in their portfolios, beginning in 2020.Launched in 2012, the framework is, according to the PRI, “the largest global reporting project on responsible investment”.
Sumner Newscow report â€” The Wellignton City Lake Office is now closed for the season.Â Permits may still be purchased at the Wellington City Administration Building,Â Monday through Friday: 8 a.m. to 5 p.m. or at the lke maintenance building, Monday through Friday before 3:30 p.m.Â Two drop box locations are available 24 hours at the lake.Â Follow us on Facebook.Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments
Facebook21Tweet0Pin0Submitted by Intercity TransitDue to poor road conditions and anticipated worsening weather, many Intercity Transit routes continue to be on snow detours that will stay in place through tomorrow morning, Monday, February 11. Standard snow detours are in place on the following routes:Route 12Route 21Route 41Route 42Route 45Route 47Route 60Route 64Route 68All current detours can be found on our website at intercitytransit.com/rider-alerts and all standard snow detours can be found at intercitytransit.com/bus/routes/snow-detours.Intercity Transit’s goal is to get passengers to their destinations safely, which may take longer in bad weather. Customers are asked to be patient and expect delays. You can stay up-to-date on service information from Intercity Transit during inclement weather by signing up to receive text message or email alerts at intercitytransit.com/subscribe.Snow and ice can prevent buses from reaching curbs, stopping at some bus stops, and using lifts or ramps. For your safety, riders should stand away from the curb and wait for the bus to come to a complete stop before approaching it. Use caution when boarding and getting off the bus.Our Customer Service lines will likely receive increased call volume during inclement weather. Please be patient if you try to call. Information about any route changes and delays will be posted on our website at intercitytransit.com/rider-alerts, on Facebook and on Twitter.Dial-A-Lift customers should be aware that this service operates when and where it is safe to do so. If you do not need to go out during winter weather conditions, you can call the 24-hour cancellation voicemail at 360-705-5827 to cancel your ride.