Dutch pension funds have limited stake in domestic green bonds

first_imgDutch pension funds have a limited stake in locally issued corporate green bonds, according to IPE’s Dutch sister publication Pensioen Pro.Drawing on statistics from regulator De Nederlandsche Bank (DNB), it found that pension funds had provided €800m of the total €20.7bn invested in green bonds issued by local banks, energy firms and Netherlands-based financial holdings of foreign energy companies.Dutch banks and insurers owned €600m of Dutch green bonds, and the remaining €19.4bn was purchased by foreign investors.DNB only included assets that were subject to the green bond principles set by the Climate Bonds Initiative (CBI), a not-for-profit initiative from the financial sector. Currently, 35 bonds issued by 12 Dutch companies meet these criteria. The €414bn civil service scheme ABP said it had invested a total of €751m in 24 local green bonds, whereas it had invested in 102 green bonds in total with a combined value of almost €3.5bn.PGGM, the €215bn asset manager for the large healthcare scheme PFZW, said its combined holdings of green bonds were worth €1.6bn, of which just €42m was invested in Dutch green bonds.The asset manager – which has sold green bonds issued by ING, ABN Amro and energy firm Alliander – said there was no specific reason for its relatively small stake in local green corporate bonds.“We seek proper investments worldwide, which could also involve investments in the Netherlands,” a spokesman for PGGM said.Dutch pension funds are expected to increase their investments in local green bonds.Recently, Dutch finance minister Wopke Hoekstra announced that the Dutch state would start issuing green bonds meeting the CBI principles, estimating the annual potential at between €3.5bn and €5bn.ABP, PGGM and MN – the €130bn asset manager for the large metal industry schemes PME and PMT – all backed a recent green bond issued by Schiphol Group, the owner of Amsterdam’s main airport. Schiphol raised €500m from the issuance and has said needed to raise €1.2bn to meet its sustainability plans by 2023.MN said that it would have liked to investment more than the €9m it had been granted as part of Schiphol Group’s issue. ABP and PGGM bought €15m and €10m, respectively, of Schiphol Group’s green bonds.last_img read more

Black Keepers Have to Work Harder, Says Onana

first_img“They’re the same – they make mistakes. I make mistakes, everyone makes mistakes. Black keepers need to prepare well because it’s not easy for us.”Onana’s Ajax can reach the Champions League final on Wednesday, as they protect a 1-0 lead at home against Tottenham Hotspur, whereupon he could become the first black goalkeeper to contest the final since Brazil’s Dida, who played for Milan in 2007.The Cameroon international has played every minute of Ajax’s Champions League campaign, which began in the second qualifying round in July 2018.“We don’t have a lot of black goalkeepers at the top and people already have in their mind that black goalkeepers are not confident or they make too many mistakes,” Onana told BBC Sport.“It’s something we have to change. It’s not easy for us to arrive at that level especially when you are black but for me it really doesn’t matter – black or white, in the end I am a goalkeeper.”Onana has been first choice at Ajax since 2016 after joining them from Barcelona a year earlier.He learnt his trade at the Spanish giants after a move from the academy in Douala founded by Cameroon legend Samuel Eto’o.He feels his growth in recent seasons is because he can accept criticism.Former Ajax, Juventus and Manchester United goalkeeper Edwin van der Sar, who is now the CEO of the Dutch club, is also helping his development.“We talk more when I make mistakes because when you win, even if you make mistakes, no one is going to talk about that mistake,” he explained.“Nobody wants to lose but sometimes you have to lose to learn. When you are playing at a high level, I think the key is to be calm.“It doesn’t matter what happens because if you are calm you are going to absorb the pressure. Don’t think too much about the game. Relax. Take your time.“When you have the ball, you are the boss. You decide what you are going to do.”Last Tuesday, Onana took another step towards winning the Champions League with Ajax as they beat Premier League side Tottenham 1-0 in the first leg of the semi-final.Now Ajax are just 90 minutes from reaching their first Champions League final since 1996.“We didn’t expect to arrive in the semi-final and now we are here, we are going to fight to go to the final and win,” he continued.“We played against great opponents. Bayern Munich was not easy, we played against Benfica, Real Madrid and Juventus.“It would be great for this young team but it’s something very, very difficult but I hope we are going to make it.”While there are not many black goalkeepers playing in top leagues in Europe, his country has a rich history of producing top goalkeeping talent.The roll call of Cameroon goalkeepers who have graced the Europe football scene is impressive.Joseph Antoine Belle played for France’s biggest clubs, including Marseilles, Bordeaux and St Etienne.Jacques Songo’o played for Deportivo La Coruna while Thomas Nkono and Idriss Carlos Kameni both starred for Spanish club Espanyol among others.The legacy is continuing not only with Onana but his cousin Fabrice Ondoa too, who plays for Belgian club KV Oostende.Onana’s performances like many of his club-mates has seen him linked with a move away from the Netherlands and he still dreams of a return to Spain and the club that gave him his first taste of European football as a 13-year-old in 2010.“Barcelona is my home. When I go there all the doors are open. It’s normal because I was there since I was young,” he said.“Everyone would love to go to Barcelona but for me it’s important to play. I am happy when I play so I will try to play somewhere.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Ajax Amsterdam and Cameroon’s Andre Onana has insisted that black goalkeepers have to work harder than white stoppers to make it to the top of European football.The 23-year-old believes there is a misconception that black keepers make too many mistakes.“I don’t see the difference between white and black goalkeepers,” he said.last_img read more

SportPesa launches new UK casino

first_imgShare StumbleUpon Kenyan sports betting group SportPesa has expanded its provisions for the UK betting market, announcing that it has launched it’s new online casino portal (https://casino.sportpesa.uk/)The bookmaker’s new casino vertical will feature over + 200 games, from industry games provider Microgaming.Updating the market, SportPesa development stated that it had created an ‘uncluttered and easy to navigate’ online casino property, which is further mobile-compatible featuring ‘streamlined gameplay’SportPesa UK Marketing Manager Shaun Simmons commented on the casino launch: “We’re excited to be launching the new look SportPesa UK platform. Over the past few months, we have taken customer feedback on board and worked tirelessly to deliver a product that we feel will stand tall in this market. Not only will our customers have access to a decent sportsbook, but we can now also provide our valued customers with a first-class casino offering.”During 2017, SportPesa has undertaken a concentrated effort to increase its presence and operations within the UK online gambling marketing. This July, the African bookmaker announced that it had established its new European Headquarters on the Waterfront developments’ of Liverpool.Furthermore, in 2017 SportPesa has announced a number of high coverage English football partnerships with Everton, Southampton FC and Hull City Tigers. BtoBet refines African SMS payment options with Tola Mobile  August 20, 2020 Related Articles Betfred debuts new rockabilly TV campaign promoting ‘Nifty Fifty’ live draws July 31, 2020 Share Submit Top 50 clubs suffer €751m decline in brand value July 31, 2020last_img read more