​NBIM urges GRI standards to track outcomes of human rights efforts

first_img“We believe these proposed revisions will contribute to more comparable and comprehensive sustainability reporting by companies,” the manager said.While supporting the revisions, Carine Smith Ihenacho and Wilhelm Mohn, chief corporate governance officer and head of sustainability at NBIM, respectively, who signed the letter, also said: “It would be helpful for the GRI to also include quantitative and qualitative indicators on the outcomes and effectiveness of companies’ efforts to address potential and actual negative impacts.”The pair said they encouraged the GSSB to consider including such indicators in both the universal and topic standards.Smith Ihenacho and Mohn also said they supported the Valuing Respect Project of US non-profit organisation Shift, which they said aimed to develop more meaningful ways of evaluating business respect for human rights – and outcomes for people in particular.“Over time, we expect a clearer and more complete picture of indicators measuring outcomes and effectiveness to emerge,” NBIM said, adding that this underlined the need for a dynamic approach to standards for human rights disclosure, where metrics gradually crystallised.Looking for IPE’s latest magazine? Read the digital edition here. Norges Bank Investment Management (NBIM), which manages Norway’s Government Pension Fund Global (GPFG), has called for a major set of sustainability standards to include indicators about actual outcomes of work companies do to improve human rights.The Oslo-based manager of the NOK10.3trn (€963bn) sovereign wealth fund made the suggestion in its response to the Global Sustainability Standards Board’s (GSSB) consultation on revisions to the Global Reporting Initiative’s (GRI) Universal Standards, which ended on Wednesday.In the letter published on NBIM’s website, the division of central bank Norges Bank said it was commenting specifically on responsible business conduct and human rights disclosures, saying it saw this as an important addition to the GRI Universal Standards.NBIM welcomed the proposed revisions, including a clarification of the focus of the GRI standards, revised definitions of key concepts such as ‘impact’, ‘material topic’ and ‘stakeholder’, as well as a proposal that firms reporting according to the standards would no longer have a choice between core and comprehensive options.last_img read more

A landmark home, which sits at the highest point in Teneriffe has sold under the hammer

first_img32 Teneriffe Drive, Teneriffe.“It has a grandeur yet as soon as you enter the door you feel welcomed. It’s been a very welcoming and gracious home to live in.” 32 Teneriffe Drive, Teneriffe.In all seven bidders lined up to secure the house with bidding starting at $3 million before quickly increasing to $4 million before selling under the hammer. Megan Ward at her Teneriffe home which sold at auction. Picture: AAP/ Ric FrearsonA LANDMARK home, which sits at the highest point in Teneriffe has sold under the hammer for $4.405 million, one of the highest prices achieved in the suburb for a non-riverfront property in more than a decade. 32 Teneriffe Drive, Teneriffe.The home, which dates back to the 1900s is on a corner block opposite Teneriffe Park, has city views and overlooks the Brisbane River.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus18 hours agoOwner Megan Ward, bought the house at 32 Teneriffe Drive, Teneriffe, 11 years ago.She said anyone who walked past wanted to see inside it. 32 Teneriffe Drive, Teneriffe.The five-bedroom, three-bathroom, colonial is within walking distances of the Brisbane River, James Street and Gasworks.It was marketed through Henry Hodge of McGrath Estate Agents.last_img read more

Deceased estate opens opportunity at Brisbane’s Bellagio

first_img Mansion fit for royalty RELATED: Developer clocks almost $200m His son and executor of the estate Nick Chancellor said Peter was well known as Pete, Pedro and to many PTC.“For a time, dad was also affectionately known as Harry,” Nick said.“His mates gave this nickname cause he looked like Harry Butler and had some very quirkypets including Harry the cockatoo.” The 42sq m balcony has an easterly orientation with stunning views of the river and Story Bridge. There is also a basic outdoor kitchen which could be refurbished to maximise it’s potential. “Bellagio is in one of the best locations in town, just moments to both the Queen Street Mall and Fortitude Valley/New Farm, as well as some of the best schools in Queensland, an array of shopping, dining, transport and lifestyle options including the brand new Howard Smith Wharves development,” Mr Wortley said. >>FOLLOW EMILY BLACK ON FACEBOOK<< More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours agoRay White New Farm agent Brandon Wortley said residences within Bellagio are tightly held and virtually unknown due to it’s inconspicuous location and low transaction volume. With vast indoor and outdoor entertaining spaces, this apartment is fit for families seeking a low maintenance lifestyle. “Dad loved entertaining at the unit,” Nick said.“He would always get a gathering together for Riverfire and held what were pretty large birthday parties either in the unit or on the pool deck.“For one party, I think it was his 75th, we covered the spa pool and used it as a stage for my band Roger the Cabin Boy to play to the crowd.”center_img DECEASED ESTATE: Apartment 3, Bellagio, 455 Adelaide St, Brisbane City will go to auction of February 2, 2019. An apartment belonging to the late Peter Chancellor, the second of the three generations to serve at the firm of Chancellors Chartered Accountants over 124 years, has hit the market. Peter died on February 11 at 81 from heart failure.“He had a notoriously strong constitution, however, lifestyle choices including wine consumption would have contributed,” Nick said.The property will be auctioned at The Calile Hotel, 48 James St, New Farm on February 2, 2019 at 2pm. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:48Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:48 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, 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 Rate1xFullscreenAustralia’s top suburbs to buy for foodies00:48 The property offers outstanding river and bridge views.The apartment is within the CBD’s smallest residential building, Bellagio, and occupies the entire third floor across 320sq m with views of the Brisbane River and Story Bridge. “He acquired and relocated from the family home El Nido (19 Hillside Cres, Hamilton) to the Bellagio unit following the passing of my mother Patricia from pancreatic cancer in 2007,” Nick said.“The logic was to be close to the action, with our office in Adelaide St and the restaurants in Eagle St that he once frequented.“He had a very close relationship in particular with Pier Nine and Cha Cha Cha and their proprietors Matthew Hill-Smith and John Kilroy. “Dad was a very keen fisherman and oyster grower and Matthew would occasionally run dad’s oysters on the menu and would specially prepare fish he caught on reef trips he often went on.” Neil Balnaves’ mansion hits the market MORE:last_img read more

Clifton Beach luxury home took four years to create

first_imgOutdoor patio“There is a real sense of style and five-star luxury as you walk through the home, and out onto the large hardwood deck overlooking the lush tropical gardens, neat lawns, private stream, mature trees, bar and lagoon swimming pool with waterfall,” said Mr Thorpe.“The large double storey shed, accessed by a private road is perfect for the additional car, boat or caravan storage, and can be easily converted into a studio apartment, for Airbnb holiday rental.“This modern and contemporary home has been cleverly designed to work with the natural surroundings, creating shade and capturing the sea breezes which promote comfortable and cool tropical living conditions all year round.” Sean Thorpe 0431 052 490 Clifton Beach The living and dining roomAdding to the sense of space and privacy are two separate living areas, perfect for a large family to live easily.A Eurochef kitchen with black granite benchtops offers top quality appliances which will ensure the home entertainer or family chef is kept content and inspired to create.More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoThe master suite comes with a walk-in robe, bathroom, spa and balcony overlooking tropical gardens.A separate office and study can be converted into a space to run a home business and the movie theatre-style media room with a built-in surround-sound system will make for nights in so comfortable and entertaining, you may never leave home again. BEACH, rainforest, luxury — this home on Cairns’ northern beaches has it all.Elite Real Estate Services has listed 34-36 Thrush Tce at Clifton Beach, a sprawling four-bedroom, two-bathroom executive-style residence with room for four vehicles in the large garage.Agent Sean Thorpe said it took the current owner four years to create the modern, manicured home, working closely with architects and designers. 34-36 Thrush Terrace Bathrooms 2 Bedrooms 4 Garage 4 Taylor Foster 0439 985 318 Elite Real Estate Services — Cairns Land 0.47 ha Gorgeous bathroom.The home also comes with ducted airconditioning, louvred windows, and fans throughout. There are automated gates at the entrance to the property, an intercom system and security cameras.last_img read more

Dream home renovation: How a house rescued from demolition became a labour of love

first_imgSimon and Kathrina Johnson at their home in Holland Park, which they spent years renovating and are now selling. Image: AAP/Josh Woning.THE ‘for sale’ sign read: ‘a little hard work and a good imagination’.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:37Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:37 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenThese homes come with some serious baggage!00:37Fifteen years later, Simon and Kathrina Johnson can attest the property at 24 Arnold St, Holland Park, needed a lot more than that.“They were literally going to bulldoze the house as they couldn’t sell it because it was in such a bad state,” Mr Johnson said.RELATED: ‘Worst house I’ve ever seen’The bulldozer was booked in for the Wednesday and the Johnsons made an offer two days earlier.Perhaps not surprisingly — given the condition of the house — it was accepted.BEFORE: The front of the house at 24 Arnold St, Holland Park, before the renovation.AFTER: The front of the house after the renovation.“People wouldn’t even walk in the front door it was that disgusting,” Mrs Johnson said.“Our girls were only two and four and they wouldn’t even walk in the house.“They would refer to it as the dirty house for six months.But being a carpenter, Mr Johnson knew he could work with it.“We could just see that it had good bones,” he said.“It was a solid block house and it was in a good position on a good block of land.”So, they decided not to demolish the existing house and renovate instead.“We didn’t want to knock it down and build some boring, modern house with no character,” Mrs Johnson said.BEFORE: The back of the house at 24 Arnold St, Holland Park, before the renovation.AFTER: The back of the house after the renovation.AFTER: The back of the house after the renovation.It took six months to get the house into a liveable state for the family to move in to.“They actually filled 12 massive skips full of the tenants’ rubbish,” Mrs Johnson said.“Everything had to be gutted completely.”The walls, ceilings and roof had be resheeted, the bathroom and kitchen rebuilt and walls removed to convert the configuration to open-plan living and dining.Next, they added an extension to the bedroom at the back of the house to convert it into the master bedroom by adding an ensuite and walk-in wardrobe.BEFORE: The back room in the house at 24 Arnold St, Holland Park, before the renovation.More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoAFTER: The back room of the house after the renovation.MORE: 120-YEAR-OLD HISTORIC HOME’S NEW LIFEA deck was added to the back of the house and bi-fold doors installed to link the living and dining area to the outdoor space.But the renovations didn’t stop there.The Johnsons decided to build a separate, self-contained pool house/guest apartment with a kitchenette, bathroom, bedroom and walk-in wardrobe, polished concrete floors and bi-fold doors opening out to a frameless, glass pool.“It was supposed to be for us, but our eldest teen girl decided to move out there,” Mrs Johnson said.“She wanted some peace and quiet to study and she’s been in there since.”BEFORE: The entrance to the house at 24 Arnold St, Holland Park, before the renovation.AFTER: The entrance to the house after the renovation.Not content with that, the Johnsons decided to extend the dining room, install a walk-in pantry and laundry and add on a second back deck.The final stage of renovations — completed in recent months — involved building a carport and giving the laundry and main bathroom a makeover.“We’ve done all the landscaping ourselves and little touches like putting rocks under the outdoor room, water features and planting clumping bamboo to make it private,” Mrs Johnson said.“We did everything ourselves, except the electrical and plumbing.”BEFORE: The kitchen in the house at 24 Arnold St, Holland Park, before the renovation.AFTER: The kitchen after the renovation.Mr Johnson added: “It has without a doubt been a labour of love.”The property is being marketed through Scott Hay and Joseph Leong of Ray White – Holland Park.RENO FACT CHECKTime taken: Five years, stagedTotal spend: $250,000last_img read more

New Equipment for Dredging of the Danube River

first_imgBy 2020 Bulgaria will have three new specialized vessels for surveying the condition of the Danube River and new equipment for dredging the critical sections, Transport, Information Technology and Communications Minister Ivaylo Moskovski said at Tuesday’s meeting with Romanian Transport Minister Razvan Cuc in Sofia.Minister Moskovski pointed out that a project for the delivery of a multifunctional dredging vessel and the related facilities is currently being prepared, with an indicative value of $12 million with the financing to be provided under OPTTI 2014-2020.“We have selected a contractor for the exploring vessel and it is already under construction”, Moskovski said, adding that regarding the marking vessel the Commission is expected to make a decision by the end of this month.Ivaylo Moskovski also explained that within a few days there will be a contractor selected for another procedure – to carry out dredging activities in the threshold sections of the river over the next 3 years. “The Commission has completed its work and a contract is due to be signed,” he said.The two ministers discussed the acting Agreement between Bulgaria and Romania to maintain the fairway of the Danube River from 1955. The Romanian side has proposed an amendment of the document, allowing each of the parties to carry out dredging activities throughout the Bulgarian-Romanian section of the river.In the words of the Romanian Minister, this will enable the avoidance of critical situations and the interruption of navigation along the river.Minister Moskovski said that he supports the proposal, but it has to be examined whether Bulgarian legislation allows for such an amendment and that the issue is to be resolved at expert level between the two countries.last_img read more

Update: Woodside to deliver 12 LNG cargoes to RWE

first_imgLNG World News Staff Image courtesy of Woodside(Article updated on 01.11. with an emailed response from Woodside’s spokesperson)Australian energy company and LNG operator, Woodside has agreed to deliver up to 12 cargoes of the chilled fuel to RWE of Germany.Under the mid-term sales and purchase agreement, the cargoes would be delivered between April 2018 and March 2020, the company initially said in its third-quarter report.Responding to LNG World News email, Woodside spokesperson said the company confirms the deal was signed with a unit of the German utility RWE.Terms of the mid-term deal with RWE Supply & Trading, however, remained undisclosed.Commenting on the deal, Woodside CEO, Peter Coleman said, “this agreement illustrates further diversification of Woodside’s buyer relationships and the increasing interaction between Asia-Pacific and Atlantic LNG participants.”last_img read more

Salvage Firms Gearing Up to Move MV Priscilla

first_imgAfter several unsuccessful attempts to refloat the Dutch cargo ship which ran aground off Caithness on July 18, a consortium of salvage companies has been appointed to move the vessel.The owner of the cargo ship Priscilla has appointed Multraship, Ardent and Wagenborg as salvors, HM Coastguard informed.Representatives from Ardent are expected to reach the ship later today in order to carry out an initial assessment on July 21. Salvors have already commenced deploying equipment to the incident site.Once an outline salvage plan is prepared and approved, a salvage control unit (SCU) will be established near the site, the coastguard added.“This incident has now become a salvage operation in order to refloat the vessel (…) I’m pleased that the owner’s representative and insurers have appointed experienced salvors without delay. I am in dialogue with a number of key stakeholders and once we have established and agreed the salvage plan, I will provide a further update on the way forward,” Acting SOSRep Hugh Shaw said.A temporary exclusion zone of 500 m has been established around the incident site to ensure that there is no risk to the safety of persons engaged in the salvage operations and for other shipping traffic.The 3,200 dwt Priscilla remains stable but hard aground on the Pentland Skerries with the six-person crew on board safe and well.No pollution has been reported.last_img read more

ASM Industries Adds WindFloat Atlantic to Its Checklist

first_imgASM Industries has secured a contract to manufacture and supply two complete foundations for the WindFloat Atlantic floating wind project in Portugal.The project will comprise a total of three floating foundations based on Principle Power’s WindFloat concept, with the Navantia-Windar joint venture producing the third one.The production of the equipment is already in process and the delivery of the foundations is expected in June next year, ASM said.“At this stage we are investing a total of 40 million euros in two new units in Setúbal and Aveiro to serial manufacture offshore structures, because as we know it is a strategic area with potential to be explored,” said Adelino Costa Matos, CEO of ASM Industries.The WindFloat Atlantic project is being developed by WindPlus, a consortium of EDP Renewables, Mitsubishi Corporation (DGE), Chiyoda Corporation, Trust Energy (Engie and Marubeni), and Repsol.The 25MW wind farm will comprise three MHI Vestas V164-8.0 MW turbines, scheduled to be fully commissioned in 2019. The foundations and turbines will be entirely built and assembled on land and later towed out to the offshore location some 20km off the Viana do Castelo coast.“This project should be seen as a unique opportunity for our country to gather the skills, infrastructures and know-how in the fabrication of structures for the ocean sector. The offshore wind farm market worldwide has great potential and the technology used in the WindFloat Atlantic project allows Portugal to continue to be a pioneer in this area.”Principle Power’s WindFloat concept first came to life in 2011, with WindFloat 1 installed off the Portuguese coast for demonstration purposes. After completing all the project objectives, Principle Power decommissioned the WindFloat 1 at the end of September 2016.last_img read more

Portuguese import terminal awaiting LNG cargo from Nigeria

first_imgLNG World News Staff Image courtesy of RENREN-operated Sines LNG import terminal in Portugal is set to receive a cargo of liquified natural gas from Nigeria later this week.The Sines LNG terminal will receive gas from the Nigeria LNG Bonny Island liquefaction plant via the LNG Ondo liquefied natural gas carrier.The vessel with the capacity to transport 148.471 cubic meters of liquefied natural gas was built by the South Korean shipyard Daewoo Shipbuilding & Marine Engineering.The LNG carrier was completed 2007 and named LNG Owdo but renamed LNG Ondo for BW Group. The vessel is currently working on a long-term charter for Nigeria LNG.According to data provided by the port of Sines, the LNG carrier is scheduled to dock at the terminal on March 8. VesselsValue data states that the vessel is currently passing off the shore of La Güera, Algeria.NLNG’s Bonny Island facility has the capacity to produce 22 mtpa of liquefied natural gas from its six trains.Sines LNG terminal, located on Portugal’s Atlantic coast, has a nominal send out capacity of 600,000 cubic meters per hour (5.26 bcm per year), with a peak capacity of 900,000 cubic meters per hour.last_img read more