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Arsene Wenger sends message to Freddie Ljungberg after Unai Emery’s sacking at Arsenal

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first_imgArsene Wenger is buoyed by Freddie Ljungberg’s appointment at Arsenal (Sky Sports)Arsene Wenger insists Freddie Ljungberg is ‘fantastically committed’ to Arsenal and admits he is happy to offer advice to the Gunners’ interim manager.Following Unai Emery’s sacking last week, Ljungberg has taken temporary charge of Arsenal’s first team until the club decide on a permanent replacement.The Swede made 326 appearances as a player under Wenger and helped Arsenal win two Premier League titles and three FA Cup trophies.And Wenger is keen for the former midfielder to be a success as a manager with the Gunners.ADVERTISEMENT‘I do not want to comment too much on Arsenal. My heart is with the club and I want them to do well,’ Wenger told Sky Sports. Advertisement Comment Arsene Wenger sends message to Freddie Ljungberg after Unai Emery’s sacking at Arsenal Metro Sport ReporterTuesday 3 Dec 2019 5:08 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.2kShares Freddie Ljungberg was appointed as Arsenal’s interim manager last week (AFP via Getty Images)‘I wish Freddie well. He is fantastically committed. He has been doing his job for a long time and he has got an opportunity.AdvertisementAdvertisement‘What we want in life is an opportunity. They should get him to work with his ideas and support him.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘I am always happy to help my former players and my former club. I will always be available.’Arsenal only gained a point in their first match with Ljungberg in charge as they were held to a 2-2 draw by Norwich City at Carrow Road on Sunday.Ljungberg will be looking to register his first win as Arsenal manager on Thursday when his side host Brighton at the Emirates Stadium.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Advertisementlast_img read more

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Asset owner-steered project delivers blueprint for net-zero investing

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first_imgThe results of this analysis will be launched with the final framework, which is expected to be out before the end of this year.“Setting a long-term net zero target is the easy part, the challenge is to have a credible and transparent framework that enables your fund to convert intent into practical decisions and action,” said Adam Matthews, director of ethics and engagement at the Church of England Pensions Board and co-chair of the PAII.Speaking to IPE, he said those involved felt the framework was “a hugely important piece of work”.Claudia Kruse, managing director, global responsible investment and governance at APG Asset Management, which co-chairs the PAII, said the Net-Zero Investment Framework needed to be established as a global industry standard.Primary objective: real-world decarbonisationThe framework covers four different asset classes – sovereign bonds, listed equities, corporate bonds and real estate – with infrastructure and private equity to be added in a second phase.It identifies five components of an effective net-zero investment strategy – objectives and targets, strategic asset allocation and asset class alignment, policy advocacy, investor engagement activity, and governance – and recommends a comprehensive set of actions, metrics and methodologies. “The framework overcomes limitations of other approaches that leave room for investors to technically meet targets while selling the problem to someone else”More than 25 different methodologies and tools were assessed in the development of the framework, with those considered best fit approaches included.The PAII followed five key principles to guide its work, and to assess methodologies and test conclusions: impact, rigour, practicality, accessibility, and accountability.According to the IIGCC, the focus on driving real-world decarbonisation “overcomes limitations of other approaches that leave room for investors to technically meet targets while selling the problem to someone else”.“This falls short in delivering additional meaningful long-term emission reductions,” it said.Vicki Bakhshi, director in the responsible investment team at BMO Global Asset Management, was involved in the PAII working group on listed equities and corporate fixed income and said that although there were many climate change-related initiatives and methodologies in the market, the PAII framework was the first to bring these together.“It’s a way of piecing all that together for a much more comprehensive strategy across asset classes,” she said.Tools that the framework leans on include the Transition Pathway Initiative and the EU’s “taxonomy” of environmentally sustainable economic activities, which the framework says should be used, to the extent possible, as the basis for targets for allocation to climate solutions.‘No excuses’According to the consultation document, the intention is that once the framework is finalised, investors would adopt it on an “implement or explain” basis, to take account of specific strategies where certain elements may not be applicable.“We really encourage investors to implement the framework as soon as possible,” said Stephanie Pfeifer, CEO of the IIGCC. “There’s no excuses not to do something immediately and certainly no time to waste.”The IIGCC is asking for feedback on the framework by 25 September.It is also launching a second phase of PAII work, aimed at expanding the framework to include infrastructure and private equity, and to address technical issues, such as identifying and measuring material Scope 3 emissions and assessing the potential for methodologies that capture relative impact of climate solutions investment.Besides APG and Church of England Pensions Board, the PAII steering committee include representatives of AP2, Brunel Pension Partnership, LGPS Central, Lloyds Banking Group Pensions Trustees, PKA and TPT Retirement Solutions.The PAII consultation document can be found here. A major collaborative process overseen by some of Europe’s best-known pension investors has produced a framework aimed at enabling asset owners and asset managers to maximise the contribution they can make to keeping global warming to 1.5°C.Published today for consultation, the Net-Zero Investment Framework is the first output of the Paris-Aligned Investment Initiative (PAII), which was established in 2019 by the Institutional Investors Group on Climate Change (IIGCC) at the request of European asset owners who felt that a comprehensive approach to help investors take action in support of the Paris Agreement was missing.More than 70 investor members of the IIGCC contributed to the PAII-produced framework across different working groups, and input from a wide range of stakeholders is being sought to help validate and strengthen the proposed framework.APG, Brunel Pension Partnership, Church of England Pensions Board, PKA and Phoenix Group will be putting the framework to the test across their portfolios, including with a view to assessing the financial implications. Source: European ParliamentParis Agreement signing ceremony in the European ParliamentLooking for IPE’s latest magazine? Read the digital edition here.last_img read more

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Leinster Under-21 Hurling Championship gets underway tonight

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first_imgThe meeting of Meath and Westmeath gets this year’s Bord Gais Energy Leinster Under-21 Hurling Championship underway tonight.The winner of tonight’s match in Trim will go on to face Laois in next week’s quarter finals.Throw in is at 7.30. Tipperary get their campaign underway next month when the Premier face Limerick in the provincial quarter-final on June 22nd at the Gaelic Grounds.last_img

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