“We are committed to product innovation because we provide the most effective forms of capital to fund our clients’ businesses,” Breslin said. “Being ‘born digital’ and operating within the entrepreneurial culture that is Lockton Re, we will be able to leverage our technology-driven approach and deep subject matter expertise to help our clients think creative and quickly access capital to run their business. plans throughout market cycles.

“Over the next 18 months, as we continue to add staff, seek and obtain regulatory approvals, and build infrastructure to provide full execution capabilities for ILS (insurance-linked securities) and related products, we will embed execution capabilities in select products and geographies to help our customers through key 2023 renewal dates.”

Breslin came on board in May to support the construction of the new practice.

“This investment underscores our commitment to building a world-class reinsurance business, able to access all capital providers, across all product categories to serve our customers,” said Robert Bisset, Lockton Re’s president for global retrocession and real estate specialty, Bermuda and market capital. .

“Pending regulatory approval, LRCM will be fully integrated into our broader reinsurance business, except where limited by regulatory compliance. Our customers will see a customer team. Our bankers and brokers will be solution-agnostic, as we are committed to our “fierce independence” philosophy, which means that we focus on serving clients’ interests above all else.

For Lockton Re’s Global Managing Director, Tim Gardner, the establishment of LRCM signifies the group’s ability to “consistently deliver on our strategy and continue to leverage the exceptional expertise and capabilities we have at our disposal”. He also pointed to the upcoming “very busy time of the year” for the reinsurance market.

PLEASANTON, Calif., August 4, 2022 /PRNewswire/ — Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human ressourcesannounced today that it will hold its Financial Analyst Day on Tuesday, September 13, 2022 in Orlando, Florida. at 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time. The event will take place during Workday Rising, the company’s annual customer conference.

A live webcast of the event will be available on Workday Investor Relations Site. The replay of the webcast will be available for at least 90 days after the event.

About Workday
Working day is a leading provider of enterprise cloud applications for finance and human ressources, helping clients adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, expense management, and analytics have been adopted by thousands of organizations worldwide and in every industry, from midsize businesses to more than 50% companies. Fortune 500. For more information about Workday, visit workday.com.

© 2022. Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.

View original content to download multimedia: https://www.prnewswire.com/news-releases/workday-announces-2022-financial-analyst-day-301599436.html

SOURCEWorkday Inc.

PARIS – L’Oréal’s results for the second quarter of 2022 have turned analysts’ heads, in a good way.

“L’Oreal delivered another quarter of gravity-defying growth, well ahead of consensus,” Jeffries analyst Molly Wylenzek wrote in a research note.

She added that the world’s largest beauty company has skilfully navigated major disruptions to its China business, which generates 20% of the group’s overall sales.

In June, business sales in mainland China had returned to double-digit increases.

In the three months ended June 30, L’Oréal’s sales reached 9.31 billion euros, up 22.7% in reported terms and 13.4% in organic terms.

“L’Oreal has done it again: a decent beat on high expectations,” wrote Bruno Monteyne, an analyst at AB Bernstein.

L’Oreal’s second-quarter like-for-like earnings were well ahead of analyst consensus of 9.7%. Impressive beats were noted by Monteyne in the L’Oréal Luxe and Active Cosmetics divisions.

L’Oréal Luxe, with brands such as Kiehl’s, Yves Saint Laurent and Biotherm, achieved sales of 3.41 billion euros, up 26.1% as reported and 15.3% in organic. L’Oréal said in a statement released Thursday after the Paris Stock Exchange closed that the division outperformed in its three categories – skincare, fragrances and makeup – and that its business was balanced across geographies in the first half of the year. .

The Active Cosmetics division, which includes brands such as CeraVe, La Roche-Posay and Vichy Laboratories, recorded sales of 1.28 billion euros in the second quarter, up 33.9% in figures published and 23.8% at constant data. L’Oreal said the division in the first six months of 2022 grew much faster than the total dermo cosmetics market and recorded double-digit advances in all geographies.

Second-quarter Professional Products sales of €1.12 billion increased 20.7% as reported and 11.3% like-for-like. The division, which includes brands such as L’Oréal Professionnel, Kérastase and Redken, posted first-half gains in all markets, with “outstanding performances” in India, mainland China, North America and Germany , according to L’Oreal.

At the same time, sales of the Consumer Products division, with the L’Oréal Paris, Garnier and NYX Professional Makeup brands, reached 3.49 billion euros, representing growth of 16.8% on a reported basis and 9. 1% like-for-like. L’Oreal said the division outpaced a robust global makeup market.

In the first half of 2022, L’Oréal’s sales increased by 20.9% as reported and by 13.5% like-for-like to reach 18.36 billion euros.

“After two years of the pandemic, consumers are confirming their desire to socialize and indulge themselves with innovative and superior beauty products, which in turn is fueling the growth of the beauty market,” said Nicolas Hieronimus, CEO of L’Oréal, in the declaration. “L’Oréal has grown twice as fast as the market and is consolidating its position as world number one in beauty.

In the first half, the group’s net profit reached 3.22 billion euros, up 36.4%, its operating margin standing at 19.7%, against 19.1% in the previous quarter.

Hieronimus said L’Oreal’s performance is increasingly balanced on several levels: between volume and value growth, and between brick and mortar and e-commerce, which continues to record increases at two digits.

In addition, there is a balance between the geographical areas, which recorded double-digit increases. Hieronimus highlighted the strong performance of emerging markets in South Asia Pacific, the Middle East, North Africa and Sub-Saharan Africa [or SAPMENA-SSA] area and Latin America. He said the performance in mainland China was “remarkable” in a very difficult environment, thanks to the group’s e-commerce expertise.

Each of L’Oréal’s three selective divisions posted double-digit growth, while activity in the Consumer Products division accelerated significantly in the second quarter.

Hieronimus pointed out that every major product category also made double-digit gains.

He said the group’s ability to add value to its portfolio through innovation and cost control has enabled L’Oréal to offset the negative impact of rising raw material costs, ease pressures on supply chain and continue to invest effectively in its brands, while the business has improved its profitability and created sustainable value.

“We remain bullish on the outlook for the global beauty market and confident in our ability to outperform in 2022 and deliver another year of sales and profit growth,” Hieronimus said.

Due to the epidemic, several firms slashed payouts in 2020. Dividends should climb again in 2021. Because central bank interest rates are projected to stay low for a long time, dividend stocks will be even more appealing in 2021. PaydayChampion also has low-interest rates on their loans, so you may apply for one of them.

2. Covid-19 will be crucial again.

Covid-19 will be a prominent participant in 2021. It all relies on how swiftly and well the vaccinations are delivered. Still, as the Covid-19 mutation in the UK showed, the virus is unpredictable.

Companies like Pfizer and Moderna will win next year. Sanofi and GlaxoSmithKline will take until late 2021 to develop effective vaccines for older individuals. On the other hand, dozens of businesses are working on a vaccine.

Other less apparent winners: For example, transporting the vaccine will involve massive logistical efforts from businesses like Deutsche Post DHL, Bollor Logistics, Lufthansa Cargo, and Va-Q-Tec. Many logistical firms have already benefitted from the pandemic’s internet shopping boom and might gain much more.

Sectors that suffered in 2020 may rebound: If consumers can travel again, firms like Carnival and TIU, hotels like Accor, and airlines like Lufthansa, Easyjet, and  Air France-KLM may benefit.

Commercial real estate may see some intriguing times ahead. The issue is whether working from home will continue. Corporations like Alstria Office may suffer if they require less space. Retail malls like Simon Property and Unibail-Rodamco-Westfield may face rent arrears and tenant bankruptcies.

3. Support for eco-companies

The White House will change under Joe Biden. Biden’s shift from fossil fuels toward climate protection and renewable energy will benefit environmental firms. This will likely boost shares and ETFs that fulfill ESG (environment, social, governance) norms.

Next year, there will be European elections, e.g., in Germany. Angela Merkel will not be re-elected, and the German Green Party may benefit greatly. This would affect energy and environmental supplies. Keep an eye on this subject as the European Union resolved to step up efforts against global climate change.

4. Women equalize the investment field

Males still dominate the stock market. Women are increasingly joining investing platforms quicker than males, the FT reports. At BUX Zero, female investor sign-ups increased six-fold yearly, while male investor sign-ups increased four-fold. I anticipate women will continue to invest more next year.

Related products include the Lyxor Global Gender Equality ETF and the MSCI Japan Empowering Women Index. These financial products may pique the curiosity of ESG-conscious investors.

5. FANG red flag?

Technology thrived in 2020. These equities are currently overpriced, in my view, and are subject to additional litigation. Several US states have sued Google for antitrust violations, and the US government has sued Facebook for the same reason.

One thing is sure: the financial markets will be lively and entertaining again this year.

Click here to apply

After a brutal month for equity investors in April, May kicks off with a slew of major market events that could further fuel volatility in risk assets.

One of the focal points this week will be the Federal Reserve’s monetary policy meeting in May, which takes place on Tuesday and Wednesday. Market participants expect at the outcome of this meeting, central bank officials will choose to raise interest rates by 50 basis points, which is the first hike of more than 25 basis points since 2000. Investors also expect the Fed to formally announce its intention to start rolling assets off the central bank’s balance sheet, beginning the process of quantitative tightening.

From Friday, Fed funds futures showed traders pricing in a greater than 99% chance that the Fed will raise rates by 50 basis points, bringing the target range for the fed funds rate between 0.75% and 1.00%.

Those expectations came after weeks of remarks from key Fed officials, including Fed Chairman Jerome Powell and Fed Vice Chairman Lael Brainard, who have suggested the Fed was warming to the idea of ​​raising rates more aggressively in the short term.

“We’re really committed to using our tools to recoup 2% inflation,” Powell said. said during a public appearance with the International Monetary Fund earlier this month.“In my opinion, it is necessary to go a little faster. And I also think there’s something about the idea of ​​the initial load…that points the direction of 50 basis points on the table.

Such a move would accelerate the Fed’s trajectory toward reducing inflation, which has persisted for a longer period and at a higher rate than many monetary policymakers had originally anticipated. Last week, government data showed that core personal consumption expenditure (PCE) – the Fed’s preferred gauge of inflation – rose at an annual rate of 5.2% in March.

That nearly matches February’s rate for the fastest since 1983. And consumer prices climbed last month by the the most since December 1981 with an annual increase of 8.5%.

The story continues

“They’re behind the curve – they know they’re behind the curve,” Jim Smigiel, Chief Investment Officer of SEI Investments, told Yahoo Finance Live last week. “We are at plus-8% on inflation and [the Fed funds rate] is a quarter point. They will arrive at 50 [basis points]. They’re going to do 50 more. And they’re going to start flouting the balance sheet.

“From the Fed’s perspective, at this point they are willing to trade a little bit of GDP and a little bit of unemployment to bring the inflation rate down,” Smigiel added. “I think they feel like they’re stuck in a corner. Nothing that happens today will deflect them from their trajectory. They will arrive early and the guns will flare up a bit.

At the same time, Powell also hinted that he believed the central bank would succeed in tightening monetary policy while maintaining economic expansion. Some experts, however, were more skeptical, especially after new data last week showed the US economy contracted to a 1.4% annualized rate at the start of this year.

“They are between rock and hard,” David Stryzewski, CEO of Sound Planning Group, told Yahoo Finance Live last week. “The two big things they have to defend against right now, inflation and then this balance between, we want low cost loans…because there are a lot of people trying to get mortgages. Much of our economy is based on highly indebted companies. And it was so easy to refinance it.

“The Fed is late to the table trying to take some of that out and make some of those changes,” he added. “We were in such a strong economy. And that was really our time where maybe we could have done some of that crunch. So we’re a bit late.

Yet borrowing costs remain low on a historical basis, and consumers have always shown a general propensity to spend. The key question, however, remains whether this ultimately manages to continue as the cost of doing business rises along with interest rates and financial conditions tighten further.

“We think the risks of recession are low for now but high for 2023. The main risk is that inflation will remain elevated next year, forcing the Fed to hike until it hurts,” he said. wrote Ethan Harris, global economist at Bank of America, in a note Friday. “Besides inflation, investors should watch consumer spending, sentiment, labor supply and the start of the yield curve to gauge recession risks.”

April jobs report

The Labor Department’s latest monthly jobs report will round out the economic data package this week, offering an updated look at the strength of the labor market so far this year.

The report is due out on Friday and therefore will not be among the data points considered in the Fed’s deliberations earlier in the week. However, the data would likely have played only a marginal role in Fed decisions, even if it were available, given that the Fed shifted its priorities towards fighting inflation rather than maximizing inflation. employment in a labor market that has already shown many signs of strength.

Consensus economists expect nonfarm payrolls to rise by 391,000 in April, slowing slightly from March’s jump of 431,000. Unemployment is expected to improve further to 3.5%, which would match the February 2020 level for the lowest unemployment rate in around 50 years.

The average hourly wage – a closely watched indicator of whether rising wages are reinforcing a cycle of rising prices – is expected to rise 5.5% from last year, edging slightly from the annual rate of 5 .6% of March. Yet these wage gains have not kept pace with inflation, as consumer prices recently rose 8.5%.

Economic Calendar

• Monday: S&P Global US Manufacturing PMI, April (59.7 expected, 59.7 in previous print); Construction spending, month over month, March (0.8% expected, 0.5% in February); ISM manufacturing, April (57.7 expected, 57.1 in March); ISM prices paid, April (87.1 in March); ISM new orders, April (53.8 in March); ISM Employment (56.3. in March)

• Tuesday: Factory orders, March (1.2% expected, -0.5% in February); JOLTS Job Openings, March (1.1266 million in February); Durable Goods Orders, Final March (0.8% in previous print); Durable goods excluding transportation, final March (1.1% in previous print); Non-defence capital goods orders, excluding aircraft, end-March (1.0% in previous print); Shipments of non-defence capital goods excluding aircraft, final March (0.2% in previous print)

• Wednesday: MBA mortgage application, week ended April 29 (-8.3% over the previous week); ADP Evolution of employment, April (360,000 expected, 455,000 in March); Trade balance, March (-$86.7 billion expected, -$89.2 billion in February); S&P Global US Services PMIM, April Final (54.7 in previous print); S&P Global US Composite PMI, April final (55.1 in previous print); FOMC monetary policy decision

• Thusday: Challenger Job Cuts, Year-over-Year, April (-30.1% in March); Non-agricultural productivity, preliminary to 1Q (-2.3% expected, 6.6% in 4Q); Unit labor costs, preliminary Q1 (6.7% expected, 0.9% in Q4); Initial jobless claims, week ended April 30 (180,000 in previous week); Continuing claims, week ended April 23 (1.408 million in previous week)

• Friday: Evolution of the non-agricultural wage bill, April (390,000 expected, 431,000 in March); Unemployment rate, April (3.6% expected, 3.6% in March); Average hourly earnings, month over month, April (0.4% expected, 0.4% in March); Labor force participation rate, April (62.5% forecast, 62.4% in March)

Earnings Calendar

Monday

Before trading: Moody’s Corp. (MCO), ON Semiconductor Corp. (ON)

After market: Clorox (CLX), Devon Energy (NDV), Diamondback Energy (CROC), MGM Resorts International (MGM), Avis Budget Group (SELF), Expedia (EXPE), Chegg (CHGG), Zoom Info Technologies (ZI)

Tuesday

Before trading: The Estee Lauder Co. (EL), Pfizer (DFP), Biogen (BIIB), Paramount Global (PARA), Hilton Worldwide Holdings (HLT), Molson Coors Beverages (FAUCET), Oil Marathon (MPC), KKR Inc. (KKR), S&P Global Inc. (SPGI)

After market: Caesar’s Entertainment (CZR), Airbnb (ABNB), Starbucks (SBUX), Advanced micro-systems (AMD), Paycom software (PAYC), Skyworks Solutions (SWKS), Revolution group (RVLV), Match Group (MTCH), Lyft (LYFT)

Wednesday

Before trading: Wingstop (WING), AmerisourceBergen (ABC), CVS Health (SVC), Marriott International (MAR), Modern (mRNA), Yum! Brands (YUM), Vulcan Materials Co. (VMC), Sinclair Broadcasting Group (SBGI), Spirit Airlines (TO SAFEGUARD)

After market: Booking Holdings (BKNG), Come on Dad (GDDY), Uber (UBER), Marathon Oil (MRO), Twillio (TWLO), Etsy (ETSY), TripAdvisor (TRAVEL)

Thusday

Before trading: Zoetis (ZTS), Conaco Phillips (COP), Apollo Global Management (APO), Nicholas (NKLA), Wayfair (O), Penn National Gaming (PENN), Royal Caribbean Cruises (RLC), Sea World Entertainment (SEAS), Data Dog (DDOG), Crocodile (CROSS), Dominion Energy (D), Kellogg’s (K), Shopify (STORE)

After market: Block Inc. (SQ), Virgin Galactic Holdings (SPCE), DoorDash(HYPHEN), Sweetgreen (SG), Opendoor Technologies (TO OPEN), Zillow Group (ZG), Luminar Technologies (LAZR), FuboTV (FUBO), Live Nation Entertainment (LYV), Corsair Gaming (CRSR), Lucid Group (LCID)

Friday

Before trading: Under Armor (UAA), Cigna (THIS), Draft Kings (DKNG)

After grant: No notable reports scheduled for publication

—

Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

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Turns out, anyone can do the same as the pros.

According to CFA Institutethere were 1.05 million professional grassroots investors globally at the end of 2018.

Suppose that 2% of the 8 billion inhabitants of the planet have a brokerage account, which will represent 160 million trading accounts.

There are undoubtedly many more individual investors like you!

How can individual investors leverage open sources to find investment ideas and gain an edge?

With an open mind, independent thinking, careful management and judgment after due diligence, individual investors can do well in the markets.

What do pros and individual investors do?

The 3 essential investment functions for fundamental investors are (1) generate investment ideas(2) portfolio building — find the right combination of asset classes (stocks, bonds, real estate, etc.) and buy an optimal amount for each position, and (3) risk measurement and monitoring.

All investors, whether Pros or Retail, should do (1) and (2) while Pros will model their risks with more quantitative tools using Excel, Bloomberg portfolio analysis and other software that can be expensive.

In particular, the quantitative investors do (1), (2) search for signals (transform and implement investment ideas into quantitative signals using models, and (3) portfolio construction and management (the measurement of risks being part of the construction.)

Reduce your portfolio risk by diversifying and knowing yourself

The best way for individual investors to reduce risk in their portfolio is to diversify – across asset classes, countries, sectors, industries and factors (eg growth, value, dividends, etc.) .). Investors can also make periodic purchases in fixed sums to take advantage of a decline in the share price to strengthen their positions.

Knowing your risk profile also helps. Here, I’m not just talking about the level of risk or loss you can tolerate, but also your risk needs, such as how much you want to earn and your investment horizon (less than a year, 1 to 5 years or more), your investment objective (capital preservation vs accumulation vs aggressive growth), but also your ability to take risks. Does your investment portfolio represent more than 33% of your total net worth? This will reduce your ability to take risks.

Now back to the main topic of what to read and what data to track.

Prepare to click on many links!

Do all investors need Bloomberg, FactSet, Refinitiv for news sources and analysis?

The answer is no.

Bloomberg, FactSet, Refinitiv, and S&P Global are all well-known data and financial software that not only provide insights, but also tons of portfolio and risk analysis for analysts and investment managers.

Given the proliferation of information from credible news sources and economic websites, let’s take a look at the different areas an investor can get their information from.

Where is the data?

(1) Know the macro image

We live in an interconnected world with China-mimicking supply chain issues affecting manufacturing and consumption in many parts of the world.

When oil prices skyrocket, some companies and countries benefit while others lose.

Are the United States or China more indebted countries?

Useful (and free) data sources are:

· International Monetary Fund (IMF) blogging and the World Economic Outlook Database.

The World Bank data bank.

The United Nations (UN) Data.

· St. Louis Fed (FRED).

· Statistical Infographic and visual capitalist (provide great visualizations to help you understand the world).

(2) Follow the economic and market outlook

These financial and business newspapers are all excellent sources of market and economic information.

· Bloomberg Businessweek (a comprehensive, real-time analysis of global markets).

· The Financial Times (see the Lex column @FTlex)

· The Wall Street Journal (register for The smart investor)

· The Economist

· CNN for economic, economic and geopolitical news.

I particularly like the Bloomberg Five things you need to know to start your day. You can subscribe to US, European and Asian editions. You can also subscribe to CNN 5 things know the most important news or S&P Global Market Intelligence for its daily or weekly news on the markets. You can add yourself to receive alerts in any area that interests you from these publications.

Watch these market indicators:

· VIX (the volatility of the S&P 500 index) to see the market’s risk appetite

· US yield curve (the 10-year Treasury rate minus the 2-year Treasury rate) to understand where economic conditions are heading

You can download free yahoo finance data or monitor all US Treasury interest rate.

(3) Listen to advice from market gurus/influencers

These people not only have long-standing investing experience (and therefore have been through all sorts of market cycles), but also what they say and do can move the markets.

· warren buffetCEO of Berkshire Hathaway, known as one of the most successful investors of all time, and his right-hand man, Charlie Munger, Vice Chairman of Berkshire Hathaway. Read it Annual Letters to Berkshire Hathaway Shareholders.

· Ray Dalio, founder and co-CEO of Bridgewater Associates, the world’s largest hedge fund firm. Check out this free PDF chart and bonus chapter for his new book, “Principles for Coping with the Changing World Order» and his famous «Principles” book.

· Howard Marks, chairman of Oaktree Capital, a struggling asset manager. Many investors and individuals subscribe to its investment memos.

· Larry Finckco-founder and CEO of BlackRock, the largest fund manager in the world at the end of 2021.

· Cathy WoodFounder of ARK Invest, the innovative investment manager in active ETFs.

· Chairman of the Federal Reserve. Why should investors “follow the Fed” or “Don’t fight the Fed”? This is because with changes in interest rate policy and the expansion or contraction of the Fed’s balance sheet, the Fed has enormous influence over market liquidity, which affects future returns and trajectories. of your investment allocations.

(4) Discover innovative trends

Technology and data are transforming the world. In the USA, e-commerce jumped 50.5% during the Pandemic from 2019 to the end of 2021 while global venture capital funding more than doubled in 2021, fueling the growth of innovative companies.

It pays to follow trends seen by venture capitalists to find the next Amazon.

· stroke

· A16z

· Reference

· Bessemer Venture Partners (Memos)

· First round review

· Sequoia

(5) Company search

If you want to learn more about any publicly traded company in the world, go to the Investor Relations section of the company’s website.

Here you will find earnings announcements, investor presentations, annual reports, and more. In the annual report, read in particular the “Management analysis” section and the letter from the Chairman to the shareholders.

In the United States, the Securities and Exchange Commission (SEC) requires publicly traded companies to file reports — 10Q (quarterly) and 10K (annual) detail their financial and operational results as well as the risks they face. They can be found under Deposits of the EDGAR company.

(6) Alternative data sources and new voices

Investment (buy-side) professionals typically spend their investment research budget on (1) researching sell-side analysts directly through payment or indirectly through trading or (2) researching independent.

The buy side refers to financial institutions that invest directly in the market on behalf of clients, while the sell side refers to investment bankers, stock brokers and analysts that create and promote trading products to public. Independent research is offered by persons who are not involved in investment banking activities and is considered conflict-free.

Over the years, many independent research firms have sprung up, while management consulting firms and alternative news sources provide valuable information on business, industry and market trends or offer unique insights. Here is what I am:

· DataTrekdiscussing the market, data and disruptions daily.

· McKinsey-on-Point

· google trends

· Morning infusion and Emerging Tech Brew

· ETF Trends (this room discusses whether to buy between stocks and ETFs)

· information

· To regain and 1440

· Investing Reddit Communities (I believe many investment professionals also post and discuss on Reddit)

(The Morning Brew, Emerging Tech Brew, Refind and 1440 are my invite links.)

(7) Events and conferences

Investment managers love to attend industry events and broker investment conferences to network with their peers and hear the latest ideas. Often you must be a client or member to attend these investment conferences.

However, I recommend to all serious investors to join your local CFA Society which is found in 160 global financial markets. Not only will you network with investment professionals, but you’ll also attend members-only investment events and even take a CFA exam to earn the CFA Charter.

Bloomberg offers many events for audiences around the world, including topics on sustainability, thought leadership, business, finance, technology and lifestyle.

It also clarifies climate change scenarios to guide members in setting goals. Specifically, there are three areas of advancement. First, the Protocol has expanded: infrastructure – equity and debt – is now covered, and the first steps towards sovereign debt are included. This is proof of the desire to advance the Protocol each year by adding additional asset classes.

Second, this version sets new climate targets aligned with the latest IPCC report. The first edition covered 2020 to 2025 and recommended emission reductions of 16% to 29%. This edition highlights that the reductions for 2020 to 2030 should be between 49% and 65%. It also outlines more ambitious reduction ranges of 22-32% by 2025. This shows a step change in aspiration on the part of the AOA.

Third, the protocol describes more granular metrics and approaches for asset classes already in scope. For example, the protocol lists our demands to companies and asset managers in climate-related commitments. The focus is on portfolio emissions, known as scope 3 emissions, which typically represent the majority of an asset owner’s emissions (95-97%) in their portfolios, so the inclusion is extremely helpful for members.

One concern is with the definition of net-zero. Critics say there’s no full definition yet, so there’s plenty of wiggle room for companies to cut corners on how they handle emissions.

dummy Race to zero did a great job describing what net zero means in terms of 1.5°C. Within the Alliance, we use this to detail our definition, which, as mentioned, is that net zero means a crucial transition to a pathway to keep global temperature rise to 1.5°C.

Alliance members modify their investment decision-making based on this, enabling them to work effectively with others on transformation. With science-based short-term targets for portfolio emission reductions; reductions in the sector’s emissions intensity; corporate commitment; and funding for the transition, as well as neutral monitoring of the goals established in the form of a UN-led secretariat, we have taken significant first steps. However, if organizations or companies pledge to reach net zero by 2050 without providing details, yes, then the pledges may not mean much.

Action on climate change surely means that there are no new oil projects and that coal must be phased out. At COP26, governments agreed on a global phase-out of coal. How does the Alliance position itself vis-à-vis fossil fuels?

Alliance targets should be set on science-based no and low overshoot trajectories that are clear on fossil fuel related trajectories. This includes several technological eliminations, certainly including coal. In addition, the Alliance has an explicit commitment dummy Position on coal phase-out, which members are adopting, a process that is underway and which the Alliance will accelerate.

From an investment perspective, it is important to start building the infrastructure needed for a carbon-neutral economy. the dummy IEA net zero report shows the reduction in oil and gas demand needed over the next 30 years. This can only be achieved through political action that balances economic and climate needs with the social well-being of people around the world. There is no need for new oil-related infrastructure in these scenarios, and the TSP takes this into account.

At AOA, we work together because we believe in moving to a greener economy. The AOA believes that a viable and just transition must be ensured as it will involve significant disruption, and we must bear in mind the human cost. We also realize that there are opportunities for long-term investors arising from this transformation and we want to work with governments on long-term plans to guide a transition.

Can we discuss voting rights? dummy The Sunrise Project said that while AOA members are committed to carbon neutrality, they are not pushing polluting companies to decarbonize. In particular, they oppose the pro-commitment discourse of members dummy with their climate voting practices. Joining the Alliance does not improve members’ voting results. Is this a fair criticism?

It was a good analysis which highlights the role NGOs can play. Voting is an integral part of stewardship, and we have published dummy proxy voting guidelines to guide members in engaging their asset managers in their voting programs. But it is not always a simple process that can be considered in a binary way. Each asset owner and asset manager should evaluate a proposal based on their interpretation of how it aligns with their net zero commitment.

It should also be remembered that the first version of the TSP was only released last year. This year’s memorandum calls on asset managers to publicly commit to supporting the transition and committing all of their portfolios to 1.5°C and net zero alignment by 2050. The Alliance has also various engagement approaches, with the protocol including a list of climate-related actions requests from managers such as publishing their approach to integrating climate risks and opportunities. However, if Project Sunrise conducts a similar analysis over three years and arrives at the same results, we have a problem.

Regarding the future of the AOA, what are the objectives? At the start of 2021, there were 33 institutional investors representing $5.1 trillion in assets under management. It is now $70 and $10.4 trillion, respectively. However, if you look at the list of members, there are only four members based in the United States, for example.

We continue to work on recruitment and while we don’t have a growth target, 100 would be a nice number to have by the end of 2022. We are interested in covering all regions and countries including the United States. United and China. In particular, we have ongoing discussions with sovereign wealth funds.

We want more members not only because of the influence that the increase of the AuM brings. It is also thanks to the expertise that each new member brings – which is extremely valuable. Everything we have just discussed, the TSP, the backgrounds, the commitments and the dedication comes from the initiative and the dynamism of our members and their experts. We have developed world-class concepts because we have world-class experts in our ranks. And that’s why we continue to welcome new members – because they improve and refine our approach and continue to build momentum for bold climate action plans.

But the reach and influence of the AOA goes far beyond its members. The TSP is the gold standard for how a group of like-minded organizations can set standards on climate ambition – not only for financial institutions but also for companies operating in high-emissions sectors. Insurance companies and pension funds, our main member groups, lead by example and others follow.

By Moses Akaigwe

the The profile of Morris Garages (MG) has been on the rise since the beginning of 2022, with the various vehicles of the brand recording remarkable sales in many markets, in Europe, India and some other Asian countries.

In Nigeria, where Stallion Group, the franchise’s new owners, unveiled four models in December 2021, vehicles with British DNA have “wowed” customers of other brands with their unique selling qualities.

This was recently confirmed by the General Manager in charge of the MG brand, Anurag Shah, which revealed that the models introduced in the local market by Stallion in December, namely The MG ZS, MG RX8, MG HS and MG T60 pickup SUVs are doing well.

In Europe, the MG reached a new sales record in March 2022 with 12,378 units – the best sales ever in a month. This result represents a 142% increase over last year in March, when MG sold 5,109 units.

In the first quarter of 2022, MG sold 22,135 units in Europe. It’s also a significant gain as MG sold 8,580 units in the first quarter of 2021.

Specifically, in the UK, MG Motor UK built on record achievements in 2021 with exceptional sales results in the first quarter. For example, the brand’s sales for the first three months of the year exceeded those for the whole of 2019; thus sustaining the momentum as the fastest growing mainstream car brand in the UK.

Building on the performance of 2021, the success of the brand continues in this new year with registrations in January and February (4,471 units) totaling more than those for the whole of 2017 (4,471 units).

March registrations of 9,367 were higher than all of 2018 and the total volume of cars registered by the brand in the first quarter of 2022 (13,838 units) is up 124.6% compared to the first quarter of 2021.

According to the latest figures released recently by the SMMT (Society of Motor Manufacturers and Traders), this gives the brand a market share of 3.31% since the start of the year, compared to 1.45% in 2021.

Growth was seen across all drivetrains offered by the brand, with gasoline sales up 155%, PHEVs up 441% and pure electric up 40%. The MG ZS was the marque’s biggest seller, accounting for 29% of sales or 4,042 units.

This performance ensures MG remains one of the UK’s most attractive investment opportunities for automotive franchises, with over 39 new dealer partners joining its network in the last 12 months.

This includes some of the largest dealer groups in the country like Vertu Motors, RRG and Arnold Clark.

Guy Pigounakis, Commercial Director at MG Motor UK, said: “We are absolutely delighted with the results we have delivered in the first quarter and that the incredible momentum we have built during a record 2021 has continued in the new Year. .

“We’re particularly pleased because it means our core message of cutting-edge technology, high quality and exciting cars, all at an affordable price, clearly resonates with our target demographic.”

In the southern part of Asia, MG Motor India’s sales in the first quarter of 2022 increased by 69% compared to the fourth quarter of 2021. The automaker sold 4,721 units at retail in March 2022 alone, but said that he had been extremely impacted by the supply chain constraints due to the novel COVID-19. variant and the current global shortage of semiconductor chips.

In the Middle East, MG entered 2022 as the sixth best-selling automaker after a remarkable 50% increase in sales in 2021

MG Motor continues to climb the rankings of the Top 10 Gulf Automakers as the brand secured the 6th position with an unprecedented sales performance in 2021.

The year ended with MG recording a remarkable market share of 3.8%.

With total sales of 41,165 units, the company’s achievements are particularly impressive given the difficult market conditions caused by the global pandemic.

This remarkable milestone could not have been achieved without the exceptional support of the MG dealer network and the aggressive expansion plans the brand has implemented. As a result, the brand now has a total of 44 showrooms in the region, with 12 new state-of-the-art facilities opening exclusively in 2021.

Back in Nigeria, the Managing Director in charge of the MG brand within the Stallion Group, had in a recent interactive session with the motoring press at the MG showroom on Akin Adesola Street, Victoria Island, Lagos, hinted that the models for sale locally would be assembled at the automaker’s factory in Lagos.

Anurag Shah has revealed that one of the vehicles that brand lovers have been smitten with is the MG RX8, which features tactile verve to take advantage of the momentum of a button. Its 10-inch color touch screen connects the user to the Apple Carplay and Android Auto device.

Tracing its history back to 1924, MG is the iconic British car brand, famous for building sporty, exciting, value-for-money cars that are always fun to drive. From the original MG 14/28 Super Sports car, designed by the legendary Cecil Kimber, to today’s all-electric MG5 EV, MG has always been innovative, always radical and always fun!

Today MG is the UK’s fastest growing car brand, offering a range of practical and affordable six-car hatchbacks, SWs and SUVs. Designed in Marylebone, London, and manufactured in state-of-the-art factories in several countries, today’s MGs are practical, spacious, packed with technology and perfect for modern living.