Congratulations to Ray Davies… or should we say Sir Ray Davies! The guitarist/vocalist of The Kinks was knighted by the Queen of England as part of her New Year Honours list, recognizing his career in the arts.Davies told the BBC, “Initially I felt a mixture of surprise, humility, joy and a bit embarrassed but after thinking about it, I accept this for my family and fans as well as everyone who has inspired me to write.”He joins an elite list of British rock musicians to be knighted, including Elton John, Paul McCartney, and Mick Jagger.
The European Parliament and EU member states have reached a political agreement on the so-called disclosure regulation that forms part of the European Commission’s sustainable finance plan, it was announced today.According to a statement from the EU Council, the EU member states body, the text that was agreed today requires institutional investors to disclose:the procedures they have in place to integrate environmental and social risks into their investment and advisory processes;the extent to which those risks might have an impact on the profitability of the investment; andwhere they claim to be pursuing an environmentally friendly strategy, information on how this strategy is implemented and the sustainability or climate impact of their products and portfolios.The Council said the proposed regulation “should in practice limit possible ‘greenwashing’, or “the risk that products and services which are marketed as sustainable or climate friendly in reality do not meet the sustainable/climate objectives claimed to be pursued”. The rules would “encourage investors to be more aware of the impact of their business on the environment”, it added.According to the Commission, the regulation is about more than disclosure. It said the new regulation set out how financial market participants and advisers must integrate environmental, social or governance (ESG) risks and opportunities in their processes. This was in addition to rules about how those financial market participants should inform investors about their “compliance” with the integration of ESG risks and opportunities.Next stepsEU ambassadors must now endorse the political agreement, and after that the European Parliament and Council will be called on to adopt the proposed regulation at the first reading.An EU press officer told IPE the agreement was a provisional political one, and that further technical work was required on the text to finalise drafting. The text should be made available when it is confirmed by the EU ambassadors.The disclosures regulation is the second of the Commission’s sustainable finance legislative proposals for which there is now political agreement. Last month agreement was reached on a low-carbon benchmarks regulation proposal.‘Delegated acts’It is not clear what was agreed, if anything, with regard to whether the regulation should allow for delegated acts under the new EU pension fund legislation, the IORP II directive.The European Commission’s proposal for the regulation, unveiled in May last year, provided for this, but the EU pension fund industry has lobbied against it.The European Parliament went into negotiations with the Council having stuck with a provision for delegated acts under IORP II, while the member states dropped it from their version.The EU press officer could not say what had been agreed about this.According to the Commission, the regulation covered five financial services sectors, including investment funds, private and occupational pensions, and individual portfolio management. It also indicated the rules were for “manufacturers of financial products and financial advisers towards end-investors”, while the Council statement referred to “financial companies” and “institutional investors, such as asset managers or insurance companies”.Aba, the German occupational pension association, argued that occupational pension funds, which have a social purpose and regularly act as users of financial market products, should not be included in the definition of financial market participants under the regulation.It has also said that pension schemes should not be defined as financial market products because they were embedded in national social and labour law. The Commission said the rules introduced ”a disclosure toolbox to be applied in the same manner by different financial market operators”.The European Insurance and Occupational Pensions Authority and the other two European supervisory authorities, plus a joint committee of these three bodies, would “ensure further convergence and harmonisation of disclosures in all the sectors concerned”, it said.
H2O (Hoosier Hill Otters) Madison, Indiana Swim Team Wins the 2019 SEISA Conference Championship for the third year in a row. Coached by Batesville native John Schutte.The 43rd Annual Southeastern Indiana Swimming Association (SEISA) Conference Championship was held on Saturday June 29th at Madison Jr. High School Natatorium consisting of 7 teams. The final scores were as follows: H2O 2829, Greensburg 1432, Batesville 1270, Milan 1041, Switzerland County 604, Hidden Valley 500 and Jennings County 322.The Championship meet is a day-long event where swimmers compete in two separate sessions. The morning session was for swimmers ages 5-10 and ages 11-18 swam in the afternoon session. Athletes who finished in 1st through 12th place earned points for their team.H2O was well represented by 6 local swimmers: Santiago (11) , Alejandra (9) and Salvador (6) Schutte, (Sunman), Nash (10) and Hadlee (7) King (Batesville) and Madden Owens (10) (Batesville).Santiago (4th summer swimming with H2O); 2nd 50 breast-36.29 (State Cut); 5th 50 fly-33.58 (Divisional Cut); 1st 100 free-1:01.71 (Divisional Cut); 2nd 100 IM-1:13.43.Alejandra (4th summer swimming with H2O); 6th 50 free-36.27 (Divisional Cut); 3rd 50 breast-48.11 (Divisional Cut); 9th 50 fly-51.44; 7th 100 IM-1:36.49.Hadlee (1st summer swimming with H2O); 11th 25 breast-40.04; 6th 25 back-26.06; 9th 25 fly-37.27; 6th 100 IM-2:43.21.Madden (1st summer swimming with H2O); 4th 50 breast-49.98 (Divisional Cut); 5th 50 fly-58.32; 5th 100 IM-1:48.80.Salvador only had one event-25 Freestyle.Not only did he place 1st in all his events, Nash King set Individual SEISA Records: 10 & U Boys: 50 Breaststroke – 37.95 (38.54 old record held by Bradley Fortuna, Jennings County, 2001); 10 & U Boys: 50 Butterfly – 30.49 (31.89 old record held by Dean Fox, South Dearborn, 1993); 10 & U Boys: 100 Freestyle –1:05.38 (1:07.37 old record held by Bill McKeand, Jennings County, 1995); 10 & U Boys: 100 Individual Medley – 1:14.59 (1:17.49 old record held by Bradley Fortuna, Jennings County, 2001).“Don’t take yourself too seriously…always have fun and project that fun into your training. Those words describe Santiago Schutte to a “T”. Santiago continues to improve his overall performance and he does it with enthusiasm and team spirit.”“Passion is often what drives a strong work ethic, and this is exhibited through determination, drive, and mental toughness. Nash King shows up for every practice determined to make himself better. He sets high goals and works hard to achieve those goals.”“The common thread in TEAM effort is doing it together, supporting each other and giving your best to create a positive work environment. Alejandra Schutte brings the team together. She works hard to develop her technique and speed but more importantly, she is compassionate about her teammates.”“Success is always going to be different for each individual. Hadlee King is working very hard to improve her technique. It is a huge accomplishment for a swimmer at the age of seven capable to swim every stroke.”“My personal goal for each athlete is helping them achieve swimming success through Technique, Intensity, and Growth. Madden Owens was determined to get a Divisional Cut this season. He found the breaststroke to be his favorite stroke to swim and perfected his technique to achieve his goal.”“We can’t forget about our youngest member of the team, Salvador Schutte. We have Salvador focused on performance, not results. Getting across the pool this year was a huge accomplishment! The team is inspired by his effort at practice and his desire to keep up with the rest of the Schutte family.” said John.Not only did H2O come out as Champions, they went undefeated this swim season with a 5-0 record (The swim meet against Batesville was canceled due to rain)“It was a great summer for the Otters and our coaches couldn’t be more pleased with the performance of the ENTIRE H2O TEAM,” shares head coach John Schutte. “All their hard work paid off!!! We are so very proud of every swimmer’s determination to improve individually and work together to win as a team!”Courtesy of John Schutte-VP Sales Batesville Casket, Batesville High School graduate 1981.Lives in Madison, IN