The fourth annual Kelly Brush Century Ride was the Kelly Brush Foundation s most successful to date both in the number of participants and the amount of donations. A total of 495 riders took part in the event held in Middlebury, Vt. on Saturday, Sept. 12, raising $199,000 for ski racing safety and adaptive sports. The number of riders was up 35 percent, while fundraising was up 47 percent over last year. This level of support from riders and our sponsors is tremendous, said Charlie Brush, Kelly Brush Foundation president. The Kelly Brush Century Ride continues to grow each year, allowing the foundation to expand efforts to improve ski racing safety and better the lives of those living with spinal cord injury.This year s ride included Team Ride-On, 13 adaptive athletes riding hand cycles lead by Patrick Standen, president of the board of the Northeast Disabled Athletic Association. The team included Sarah Will of Edwards, Colo. and Chris Waddell of Park City, Utah. Both mono skiers are the most decorated Paralympians in their disciplines. Team Ride-On raised $15,470, which means three handcycles, or similar adaptive sports gear, will be donated in the team s name to athletes with spinal cord injuries. In total 17 handcyclists participated in the event. All of us on Team Ride-On welcomed the opportunity to give others with SCI the ability to get adaptive sports equipment. Many of the members of our team purchased the hand cycles they used in the ride with help from Kelly Brush Foundation grants and we re happy to pay it forward, Standen said.The 100-mile Kelly Brush Century Ride benefits spinal cord injury prevention and awareness and funds grants for adaptive sports equipment for those with SCI. The ride also supports the foundation s grants for improving ski racing safety. For every $5,000 raised by an individual or team taking part in the Kelly Brush Century Ride the foundation donates a hand cycle or other adaptive sports equipment on behalf of the team or individual.The Kelly Brush Foundation, founded by Middlebury College graduate and ski team member Kelly Brush, raises awareness about ski racing safety, provides adaptive sports equipment for those with spinal cord injury, works to advance research on spinal cord injury, works to increase ski racing safety through grants to clubs throughout the USA and supports the U.S. Adaptive Ski Team.The Kelly Brush Century Ride was made possible thanks to the generosity of sponsors including: Audi, KeyBank, Saatchi and Saatchi and Champlain Investment Partners.About the foundation: The Kelly Brush Foundation is a non-profit organization dedicated to improving ski racing safety, enhancing the quality of life for those with spinal cord injury(SCI) through providing adaptive sports equipment, advancing scientific research on SCI and supporting the U.S. Adaptive Ski Team. Kelly Brush, together with herfamily, started the foundation in 2006 after she sustained a severe spinal cord injurywhile racing in NCAA Div. 1 competition as a member of the Middlebury College Ski Team in Vermont. The Kelly Brush Foundation affirms Kelly s ongoing commitment to live life on her own terms and better the lives of others living with SCI. www.kellybrushfoundation.org(link is external)Source: Kelly Brush Foundation. BURLINGTON, Vt. (Sept. 17, 2009)
As paraphrased by the Commission, the HLEG recommended it “clarify that the fiduciary duties (duties of loyalty and prudence) of institutional investors and asset managers explicitly integrate material environmental, social and governance (ESG) factors and long term sustainability”.The duties of care, loyalty and prudence were embedded in the EU financial legal framework, said the Commission, but it “appears unclear” that they required institutional investors to assess the materiality of sustainability risks.“Market practices indicate that institutional investors and asset managers generally understand these duties as requiring a focus on maximising short-term financial returns and disregarding long-term effects on performance due to sustainability factors and risks,” it added.“This can lead to misallocation of capital and might give rise to concerns about financial stability since markets can be vulnerable to abrupt corrections, such as those associated with the delayed transition to low-carbon economies.”The Commission positioned the consultation in the context of its efforts to mobilise private capital towards the transition to a low-carbon economy. It said the consultation showed the EU’s strong commitment to mitigate risks posed by climate change and environmental challenges.Investor members of the HLEG welcomed the Commission’s consultation.Magnus Billing, CEO of Alecta, Sweden’s largest pension fund, said: “Clarification and enhancement of fiduciary/investor duties integrated in market participants’ investment processes has the potential of transforming in a meaningful manner the European financial markets to sustainable European financial markets.” The European Commission is considering whether to clarify that institutional investors’ duties include taking into account sustainability risks.The European Union’s executive has decided to start work on an impact assessment to assess whether and how such a clarification could contribute to a more efficient allocation of capital, and to sustainable and inclusive growth.The Commission launched a public consultation today to help it “gather and analyse the necessary evidence to determine possible action to improve the assessment and integration of sustainability factors in the relevant investment entities’ decision-making process”.The move follows up on one of the eight recommendations made by the High Level Expert Group (HLEG) on Sustainable Finance, an advisory body to the Commission, in its interim report in July. Claudia Kruse, APGClaudia Kruse, managing director for global responsible investment and governance at €456bn asset manager APG, said: “We invest on behalf of Dutch pension funds who consider it part of their fiduciary duty to take sustainability and governance factors into account, and reflect this in their investment beliefs and strategy. This contributes to risk adjusted returns and aligns with beneficiaries’ preferences.”Fiduciary duties have long been a battleground in the fight to get investors to take into account ESG factors.Some investors believe doing so would be incompatible with their fiduciary duties, while a more vocal – and increasingly large – constituency of investors and interest groups has argued that fiduciary duties are not a barrier to considering ESG issues as part of the investment decision-making process.In a 2005 report for the UN Environment Programme Finance Initiative, law firm Freshfields Bruckhaus Deringer said the 1984 Cowan v Scargill court case had coloured the position in the UK on the integration of ESG issues from the perspective of fiduciary duties, but had been misunderstood. The conclusion of the law firm’s report was that integrating ESG considerations into investment analyses was permissible but in certain circumstances mandatory.In 2014 the UK’s Law Commission drafted guidance for trustees on whether they could consider factors beyond short-term investment returns. It was seen by many as arguing there were no legal barriers to considering ESG issues.The Principles for Responsible Investment, meanwhile, is working with Generation Management on a programme to get consideration of ESG factors embedded in investors’ fiduciary duties. Generation Management chairman and former US vice president Al Gore will be speaking at IPE’s annual conference in Prague later this month.
More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago MORE NEWS: The reno that needs to be seen to be believed The Broadbeach Waters house at 17 San Michele Court has sold for $2.25 million.THE multimillion-dollar sale of a Hamptons-inspired home heralds the beginning of a trend that will transform its waterfront street.The refurbished Broadbeach Waters residence at 17 San Michele Court was snapped up for $2.25 million this month.It marks a record for the street, bettering the $2.05 million sale of No. 14, also a newer home.Property records show both sales are a far cry from the modest $200,000 that was paid for the house at No. 13 in 1993.There are less than 20 houses on the short canal-front street, a few of which have been redeveloped into million-dollar modern mansions. A number of newer, more modern properties on the street have increasingly been selling for more than $1 million in recent years.John Reid Real Estate agent Kurt Reid said San Michele Court was leading the charge when it came to redevelopment in the pocket bordered by Monaco St and Rio Vista and Poinciana boulevards.“Of all those streets in there, that one is the most developed area,” he said.“Any time anyone spends money in the street, it does (surrounding homeowners) favours.”He said the house at No. 14 set a precedent when it changed hands in January last year and the most recent sale indicated it would become a trend. MORE NEWS: Imagine living in a modern work of art The house’s sale price marks a record for its street. Mr Reid and Nic Whitehead sold the five-bedroom house at No. 17, which was marketed by colleagues Rod and Cheryl Martin.He said Victorian buyers who were living rurally snapped up the impressive two-storey house. “They’ve always had a base here but not on the water,” he said. “We took them through and they loved it.“They’re going to use it for the family with the hope of making it a permanent home in a year or so.” It is the second property on the street to sell for $2 million. Local agents say the big sales herald the start of a new trend in the area.CoreLogic data shows the house had been on the market for about seven months before the John Reid agents took over the marketing in May.Mr Reid said they fielded a lot of inquiries in the lead up to its sale.Vendors John and Judy Sullivan bought the property in 2015 with the intention of renovating.“As soon as we saw it we knew it was special and we bought it straight away,” Mr Sullivan said in June.“It was just an old house with a big apron around it and a flat roof, but we totally rebuilt the place. We brought it back to bare bones.”They redesigned it with towering windows to frame the picture perfect panorama of the Glitter Strip’s glistening skyline.“More or less, the property was inspired by where it was,” Mr Sullivan said.“We tried to frame everything into the glass.”Latest CoreLogic data shows the median house price in Broadbeach Waters has jumped 40.3 per cent in five years to $1.14 million. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:50Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:50 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenTop tips for sellers in Spring00:50
By Femi SolajaAfter four years of uninterrupted sponsorship, the annual Access Bank Lagos City Marathon had craved an identity not only for the city (Lagos) but the country in spite of global appeal football may have given Nigeria over the years.The last installment of the event held last Saturday with over 400,000 participants including elite athletes both within the country and international marathoners who have locked the February date in their calendar. The event is the ultimate window for individual test for every participant in preparation, strategy, discipline and endurance as a way of life because everyone wins something in the Marathon and Access Lagos City Marathon has complied with the global standard.The Bronze label expectedly was dominated by Ethiopian runners while Nigerians runners had to contend with the second phase of prize category. But more importantly, just like in the previous editions, all the athletes were full of praises to the sponsor, Access Bank in spite of repeated anomalies by theorganisers.The Ethiopian duo of Suntayahu Legese and Dinke Meseret are the hero and heroine of the day as they came top in both male and female events and at the end of the 42km race Legese returned with a time of 2:17:28secs to come first while Kipkorir Joshua of Kenya came second with a time of 2:18:16secs to beat fellow countryman, William Yegon to the third place. Yegon returned with a time of 2:19:04secs.“I have attended several marathons over the world and I must confess to you that Lagos event is one of the best experiences for me. The annual event is a pride to Africa and the City of Lagos has shown that it can stand among other prominent cities in the world.“The frenzy atmosphere around the finishing line is astonishing, it makes me very proud as a black man that it’s a good development for marathon they can sustain it for a longer time,” the overall winner, Lagese commented after the presentation.Perhaps, the major beneficiary of the day was Nigeria’s Deborah Pam, who made history by finishing sixth fastest woman overall, returning a time of 2:52.59 to claim her second consecutive title.Pam, who is popularly called the queen of long-distance races in Nigeria, achieved a historic feat by breaking into the overall top female finishers.While presenting the star prize of $50, 000 to the male winner, Governor Akinwunmi Ambode commended all the athletes for putting up a good fight in the race and said it was keenly contested. He, however, assured that the race has come to stay in Lagos State.Ambode also expressed appreciation to the management of the title sponsor, Access Bank for making the race a reality.Summarily, Nigerians athletes had benefited in cash and kind from the race, and they stand more in the subsequent editions.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
A herbalist who treated the 17-year-old boy, who sparked Liberia’s third wave of Ebola infections, has escaped quarantine and fled to Nimba County in the north of the country near Guinea. Officials said on Thursday that he has been identified.He was one of 120 people placed under quarantine for coming into contact with the deceased.“The herbalist evaded quarantine and is on the run, this is the reason why we are putting everybody on alert,” Paul Karnue, a spokesman for the Nimba local government said.“Nimba County authorities are not taking Ebola’s recurrence lightly because the county suffered severely during the first outbreak,” he added.More than 11,200 people have died from the worst outbreak on record of the viral Ebola fever since the epidemic broke out in December 2013 in neighboring Guinea.Liberia was declared Ebola-free on May 9, but reported a new case nearly two months later. The outbreak is also still active in Sierra Leone and Guinea.“It is worth mentioning that the first Ebola case in Nimba County in 2014, started with a similar story. One herbalist went to Monrovia to treat an Ebola patient. Thereafter he contracted the virus and returned with the disease to Nimba. This is how Ebola spread and took away the lives of hundreds of citizens,” Karnue said.A Liberian woman died of Ebola on Tuesday in a hospital in Monrovia shortly after being admitted, becoming the sixth confirmed case and second death since the virus resurfaced last month.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)