Environmental Lending – G Net http://gnet.org/ Tue, 11 Jan 2022 15:18:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://gnet.org/wp-content/uploads/2021/05/default-150x150.png Environmental Lending – G Net http://gnet.org/ 32 32 Climate First Bank joins the Net-Zero Banking Alliance organized by the UN | Your money https://gnet.org/climate-first-bank-joins-the-net-zero-banking-alliance-organized-by-the-un-your-money/ Tue, 11 Jan 2022 15:18:49 +0000 https://gnet.org/climate-first-bank-joins-the-net-zero-banking-alliance-organized-by-the-un-your-money/ ST. PETERSBURG, Fla., January 11, 2022 (GLOBE NEWSWIRE) – In support of its commitment to a climate positive future, First climate bank, a community bank with a mission to save the planet, joins the Net-Zero Banking Alliance (NZBA), an industry-led, UN-convened alliance of banks from around the world committed to aligning their loan portfolios and […]]]>

ST. PETERSBURG, Fla., January 11, 2022 (GLOBE NEWSWIRE) – In support of its commitment to a climate positive future, First climate bank, a community bank with a mission to save the planet, joins the Net-Zero Banking Alliance (NZBA), an industry-led, UN-convened alliance of banks from around the world committed to aligning their loan portfolios and investment on net zero emissions by 2050 or earlier, in line with the more ambitious targets set by the Paris Climate Agreement.

Representing over 40% of global banking assets, with 98 members from 39 countries and $ 66 trillion in total assets, the NZBA is a critical step in mobilizing the financial sector in the fight against the climate crisis. It recognizes the vital role of banks in supporting the global transition of the real economy to net zero emissions, encompassing both operational and attributable emissions, including Scope 3 emissions.

NZBA members commit to:

Set intermediate objectives based on scenarios for 2030 or earlier for priority sectors Prioritize the areas with the greatest impact, i.e. the sectors emitting the most and emitting the most greenhouse gases . Publish emissions and emission intensity annually Take into account the best available scientific knowledge. sign and report annually thereafter Disclose progress against a transition strategy reviewed at the board level

The NZBA is convened by the United Nations Environment Program Finance Initiative and is the banking arm of the Glasgow Financial Alliance for Net Zero, chaired by Mark Carney, United Nations Special Envoy for Climate Action and the financing of COP 26.

Based in St. Petersburg, Florida, Climate First Bank is the world’s first climate-focused commercial bank. The creation of serial eco-entrepreneur Ken LaRoe, the ESG-powered bank reduces the company’s dependence on carbon dioxide through its environmentally focused lending solutions. Since it opened in June 2021, 43% of loans funded by the Climate First Bank were mission-aligned loans such as solar power, LEED retrofit, and electric vehicle charging infrastructure.

In addition to the NZBA, Climate First Bank is a member of the philanthropic network 1% for the planet, it is on standby Company B and the only legal one Benefits Company bank in Florida. Climate First Bank also works closely with a Florida-based environmental nonprofit. We are neutral monitor and offset its environmental impact as part of its net zero commitment.

“Climate First Bank is proud to join this global alliance and work with our peers in the financial sector to accelerate climate action and pursue our collective goal of achieving net zero emissions by 2050,” said Ken LaRoe, CEO and Founder of Climate First Bank. . “Banks have a huge role to play in our fight against the climate crisis. Every investment in fossil fuels and other extractive industries is an investment in the future of humanity. This is why changing finance to finance change is a cornerstone of the plan to save our planet.

Stay tuned for the latest updates and to find out more visit climatfirstbank.com.

About Climate First Bank Climate First Bank is a values-based community bank offering a comprehensive portfolio of simple and easy-to-use traditional banking services. These products are powered by high technology to meet the expectations of today’s consumers. In addition to offering standard banking services, the company places special emphasis on non-governmental organizations (NGOs) and businesses committed to sustainability. Environmentally conscious customers will find dedicated loan options for solar photovoltaic (PV) energy, energy retrofits and infrastructure to help tackle the climate crisis. FDIC member.

About the Net-Zero Banking Alliance: The industry-led, UN-organized Net-Zero Banking Alliance brings together more than 98 banks representing almost half of the world’s banking assets, which have committed to aligning their Net-zero emissions lending and investment portfolios by 2050. Combining short-term action and accountability, this ambitious commitment calls for banks to set an interim target for 2030 or earlier, using strong, science-based guidelines. The Alliance will strengthen, accelerate and support the implementation of decarbonization strategies, providing an internationally consistent framework and guidelines in which to operate, supported by peer learning from pioneer banks. It recognizes the vital role of banks in supporting the global transition from the real economy to net zero issuance. www.unepfi.org/net-zero-banking

Media contact Ericka Rivera Uproar PR for Climate First Bank (407) 417-3598 erivera@uproarpr.com

Copyright 2022 GlobeNewswire, Inc.

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Private climate finance is the next financial bubble https://gnet.org/private-climate-finance-is-the-next-financial-bubble/ Sun, 09 Jan 2022 16:00:00 +0000 https://gnet.org/private-climate-finance-is-the-next-financial-bubble/ In recent years, and particularly after the recent United Nations Climate Change Conference, or COP26, in Glasgow, private investors have seen a midwifery opportunity in developing countries’ bumpy transition to net emissions. of carbon dioxide. After all, if BlackRock CEO Larry Fink and climate activist Greta Thunberg can find common cause, then the enticing prospect […]]]>

In recent years, and particularly after the recent United Nations Climate Change Conference, or COP26, in Glasgow, private investors have seen a midwifery opportunity in developing countries’ bumpy transition to net emissions. of carbon dioxide. After all, if BlackRock CEO Larry Fink and climate activist Greta Thunberg can find common cause, then the enticing prospect tenuous by William Blake – “Great things are done when men and mountains meet” – appears in view.

The exhilarating optimism is reflected in the numbers. Asset managers believe that tens of billions of dollars, mainly in the form of green finance, could be available for environmental, social and governance (ESG) loans. Mark Carney, the former Governor of the Bank of England, claims to have 130 trillion dollars mobilized to help fund the net zero transition. The $ 100 billion a year in climate finance that rich countries pledged to provide to the developing world at COP15 in 2009 – a pledge that has yet to be fulfilled – is starting to look like a stupid change in comparison.

Developing economies’ response to the new push for net zero emissions has rightly focused on rich countries fossil fuel hypocrisy. As Vijaya Ramachandran, of the Breakthrough Institute, and Todd Moss, of the Energy for Growth Hub, have Noted, advanced economies are calling on developing countries to phase out coal and natural gas while continuing to depend on the latter source of energy in particular. The failure of the rich world to shell out the necessary finances compounds the hypocrisy.

But the fears of developing countries are misplaced. Perhaps they should be concerned not that there will be too little climate finance, but rather that there will be too much, especially from the private sector.

An implicit market – funding in exchange for reducing fossil fuels – underpins the intellectual consensus on climate change: the rich provide the funding while the poor turn to renewables. But while ten years ago it was incumbent on the governments of rich countries to raise the money, now the private sector is expected to do so.

This market is problematic for two reasons: implicit political condescension and imminent economic risks.

Condescension can be summed up bluntly: “We rich people have a messy politics, but not the poor. ”

For example, when protesters in France pushed back fuel tax increases in 2018 and 2019, discussion focused on the difficulty of climate action and the need to accept the removal of these taxes as a consequence. understandable of democratic politics. But such latitude ends where the Global South begins. There, finance is sort of a silver bullet that overcomes social and political barriers to climate action.

Indian government retreat on his planned agricultural sector reforms, following a 15-month protest by farmers, shows just how flawed this view is. One concession that farmers extracted from the government was to prevent any effort to reduce the large electricity subsidy they receive. The subsidy is devastating in terms of CO2 emissions, soil quality, water availability and air pollution. But reducing it will be devilishly difficult, with or without external funding.

The economic risks of the market are greater. Climate change offers investors the opportunity to do good for global society without sacrificing profits. ESG credit, which combines awareness and capital, has become a major financial fad.

But more and more evidence suggests that this activity displays all the pathologies associated with manias and financial bubbles. Tariq Fancy, former head of investments at BlackRock, has spelled them. The opportunities for green projects in developing countries are overestimated. Questionable ESG standards and ratings lead to uncertainty over how to measure the ESG effect of funding, as well as doubts about borrower incentives, given the lenient and deferred nature of penalties for non-compliance. Since funding is fungible, some companies may obtain ESG funding only to divert other sources of funding to non-ESG activities.

If trillions of dollars in climate finance go to emerging markets, flows could amount to 5-10% of the GDP of these economies, similar to the financing surges that preceded the Asian financial crisis of 1997 and the 2013 “taper tantrum”. Unregulated private capital flows of this magnitude will lead to overheating, volatility, reckless lending and overvalued exchange rates. Eventually, when mania is seen for what it is, costly consequences will ensue: capital flows will reverse and production and the financial sector will collapse. We’ve seen this film country after country before and we know how it ends. Wrong.

Turkey is just the latest example of financial globalization gone awry. Long periods of private financial inflows accommodate, rather than discipline unsustainable macroeconomic policies, until the inflows suddenly become outflows, as they invariably do.

Of course, if interest rates start to rise in advanced economies, capital will become more expensive for poorer countries. But to the extent that there is still sufficient liquidity flowing through the system, the risks associated with large-scale ESG and climate finance are real. A cynical view is that private climate finance could end up damaging poorer economies and produce little positive climate outcome, while allowing the financial sector to put on its somewhat tarnished reputation with a patina of green.

Conventional wisdom is that the next financial crash will come from the collapse of the cryptocurrency bubble. But climate finance can present a more serious risk. Financial markets are naturally wary of cryptocurrencies and the like, as they realize that these are inherently risky assets (if they can be called assets), the type of investors they attract, and the type of investors they attract. the smell of Ponzi that hangs over them. In contrast, ESG investing seems more serious and less risky, and its perceived social good halo could easily lull regulators into leniency and inattention.

As Mark Twain aptly warned, “It’s not what you don’t know that’s killing you; it is what you know which is not the case. Private climate finance could be the next financial bubble – and the world needs to realize the danger. – © Project union

Arvind Subramanian, Principal Investigator at Brown University, is a Non-Resident Distinguished Fellow at the Center for Global Development


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Redwood Credit Union Receives ENERGY STAR Certification for its Santa Rosa Administrative Office https://gnet.org/redwood-credit-union-receives-energy-star-certification-for-its-santa-rosa-administrative-office/ Wed, 05 Jan 2022 22:24:58 +0000 https://gnet.org/redwood-credit-union-receives-energy-star-certification-for-its-santa-rosa-administrative-office/ The RCU administrative office at 3033 Cleveland Avenue in Santa Rosa, California. Investing in green technologies and helping our communities to do the same is integral to what we do. SANTA ROSA, Calif. (PRWEB) 05 January 2022 Redwood Credit Union (RCU) has obtained ENERGY STAR certification from the United States Environmental Protection Agency (EPA) for […]]]>

The RCU administrative office at 3033 Cleveland Avenue in Santa Rosa, California.

Investing in green technologies and helping our communities to do the same is integral to what we do.

Redwood Credit Union (RCU) has obtained ENERGY STAR certification from the United States Environmental Protection Agency (EPA) for commercial buildings for its administrative office located at 3033 Cleveland Avenue in Santa Rosa, California.

To qualify for ENERGY STAR certification, a building must achieve an ENERGY STAR score of 75 or higher on the EPA 1 to 100 scale. RCU’s office in Santa Rosa scored 97, meaning the building meets strict energy performance standards and outperforms 97% of similar buildings nationwide.

ENERGY STAR certified buildings save energy, money and help protect the environment by generating fewer greenhouse gas emissions than typical buildings. Together, the 38,000 ENERGY STAR certified buildings have avoided more than 21.7 million metric tonnes of greenhouse gas emissions.

“RCU has worked hard over the past few years to reduce our energy footprint,” said Kimberly Williams, senior vice president of strategy, projects and corporate real estate. “Investing in green technologies and helping our communities to do the same is integral to what we do. “

RCU has for years invested in green technologies such as its more than 2,000 solar panels powering 61% of the Santa Rosa office. Their sustainability programs include loan discounts on qualified hybrid and fuel-efficient vehicles, solar loans, annual community shredders to safely dispose of sensitive documents, company-wide recycling and a green center. online at redwoodcu.org/vert.

Education on the use of environmentally friendly services is also a goal for the credit union. Members are encouraged to take advantage of paperless online and mobile banking, online bill payment and electronic statements, reducing branch visits and emissions. To date, 85% of RCU members use these technologies.

About Redwood Credit Union

Founded in 1950, Redwood Credit Union is a full-service financial institution providing personal and commercial banking services to consumers and businesses in North Bay and San Francisco. RCU offers comprehensive financial services including checking and savings accounts, auto and home loans, credit cards, online and mobile banking, business services, business and SBA loans, and more. Wealth management and investment services are offered through CUSO Financial Services LP, and Assurance and automatic purchase services are also offered by RCU Services Group (a wholly owned subsidiary of RCU). RCU has over $ 7 billion in assets and serves over 390,000 members with full service branches from San Francisco to Ukiah. For more information call 1 (800) 479-7928, visit redwoodcu.org, or follow RCU on Facebook, Instagram, Twitter, and LinkedIn for news and updates.

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Largest Land Trade Titled in Santa Monica, California, Historic Made by Walker & Dunlop https://gnet.org/largest-land-trade-titled-in-santa-monica-california-historic-made-by-walker-dunlop/ Mon, 03 Jan 2022 22:35:00 +0000 https://gnet.org/largest-land-trade-titled-in-santa-monica-california-historic-made-by-walker-dunlop/ In total, the development portfolio comprises 325,391 net rentable square feet, including 31,473 square feet of commercial space and 627 multi-family units – all of which are fully licensed and approved by the Architectural Review Board, providing the buyer with luxury. to bypass the strict Santa Monica obstacles to development. Walker & Dunlop’s Blake rogers, […]]]>

In total, the development portfolio comprises 325,391 net rentable square feet, including 31,473 square feet of commercial space and 627 multi-family units – all of which are fully licensed and approved by the Architectural Review Board, providing the buyer with luxury. to bypass the strict Santa Monica obstacles to development.

Walker & Dunlop’s Blake rogers, Javier rivera, Alexandra Caniglia, and Hunter combs depicted the vendor, WS Communities in the layout. Along with the highly competitive sales and advisory process, the team worked with the company’s Capital Markets team, including Aaron Appel, Keith kurland, Jon schwartz, and Adam schwartz, to facilitate the financing of Blackstone Real Estate Debt Strategies on behalf of the buyer, Tishman Spire.

Santa Monica, the epicenter of “Silicon Beach” is one of the most desirable neighborhoods in Los Angeles, renowned for its world-renowned beaches and countless shops, restaurants and nightlife spots. The city also benefits from accessibility Los Angeles’ residential, economic, cultural and entertainment centers. Each property within the Santa Monica Portfolio is well located and offers exceptional pedestrian accessibility, with an average Portfolio Walk Score of 91.

Walker & Dunlop is a leader in the sale of multi-family properties, having completed $ 5.2 billion in real estate sales volume in the third quarter of 2021 alone, up 373% from the same period in 2020. The company was also the leading provider of capital to the US multi-family market, $ 31 billion in transactions and loans $ 24 billion for multi-family properties in 2020. Visit our website for more information on multi-family properties available for sale through the Walker & Dunlop investment sales platform.

About Walker & Dunlop
Walker and Dunlop (NYSE: WD) is the largest provider of capital to the multi-family industry in United States and the fourth largest lender on all commercial real estate, including industrial, office, retail and hospitality. Walker & Dunlop empowers real estate owners and operators to bring their vision of communities to life – where Americans live, work, shop and play. The power of our people, our premier brand and cutting edge technology make us more insightful and valuable to our customers, delivering an unparalleled experience every step of the way. With over 1000 employees in all major US markets, Walker & Dunlop a always been named one of the FortuneThe best places to work® and is determined to make the commercial real estate industry more inclusive and diverse while create meaningful social, environmental and economic changes in our communities.

1 CoStar

SOURCE Walker & Dunlop, Inc.

Related links

http://www.walkerdunlop.com


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‘King’ Karl owned 2021 | Mountain sports https://gnet.org/king-karl-owned-2021-mountain-sports/ Fri, 31 Dec 2021 11:00:00 +0000 https://gnet.org/king-karl-owned-2021-mountain-sports/ The year 2021 has seen its fair share of bumps and bruises as the world barely clings to this crazy roller coaster ride we call life. And with that there is a person who has conquered trials and embraced triumphs, lending us his heart and leading us with his soul. So, is it any surprise […]]]>

The year 2021 has seen its fair share of bumps and bruises as the world barely clings to this crazy roller coaster ride we call life. And with that there is a person who has conquered trials and embraced triumphs, lending us his heart and leading us with his soul.

So, is it any surprise that we name Karl Fostvedt, the King of 2021, local local and fan favorite, Idaho Mountain Express “Athlete of the Year”.

Not necessarily. In our eyes, it was the easiest choice we made all year.

“To be voted by the Idaho Mountain Express ‘athlete of the year’ is incredible, especially in skiing,” said Fostvedt. “I think it’s half sport, half art. I am honored and I love this community.

Fostvedt kicked off 2021 by winning Kings & Queens of Corbet’s at the legendary Corbet’s Corridor in Jackson Hole on February 18, a feat that almost didn’t happen for him. Next, he was voted “Best Athlete” of the Valley in the Idaho Mountain Express “Best of” series, which was voted on by his peers and fans. Later that year, he premiered his first ski film “BrapSki — Volume 1” at the Argyros Performing Arts Center in Ketchum.






“Crazy” Karl Fostvedt is this year’s athlete of the year.




Life is a roller coaster

Fostvedt’s year started with an unexpected low. Returning to Thanksgiving in 2020, Fostvedt was in Rossland, British Columbia, to visit his cousin, Alex Fosvedt. Alex was diagnosed with brain cancer in May 2020 and was going through episodes of chemotherapy. When we needed family, Karl was there.

“It was emotionally difficult to start 2021,” Fostvedt said.

Then in January, with COVID-19 raging, Fostvedt unknowingly contracted the disease, which put him in tally for about three weeks. With the Corbet competing around the corner, Fostvedt wasn’t sure if he would make an appearance.

“I almost missed my Super Bowl,” Fostvedt recalls.

Fostvedt left quarantine on February 14 and traveled to Jackson to register on the arrival date of February 15.

Don’t worry: Fostvedt’s winning run was a 900 switch-cork to start the descent. He then had a clear run until the last jump, where he completed a colossal 1080.

The purse was a good $ 10,000.

“I won the competition, but you can see the roller coaster,” Fostvedt said. “Everything came together. Overall it was one of the best seasons of my life.

Winning Corbet’s was an incredible achievement. The competition saw 26 male and female skiers and snowboarders perform double backflips, nose butters, massive methods and the very first wall ride along the rock face that marks the iconic corridor.

His Corbet Trophy, a psychedelic buffalo skull, is on display at Johnny G’s Sandwich Shop in Ketchum.

To top it off, Alex’s brain cancer is in remission.

A real local

Fostvedt, who is 31, is about as local as a guy can get. He was born at Moritz Hospital in Sun Valley. He is the son of local veterinarian Dr. Karsten Fostvedt of St. Francis Pet Clinic in Ketchum and Teri Fostvedt, who currently lives in Salt Lake City and works as a nurse.

Fostvedt rose through the ranks of the Sun Valley Ski Education Foundation mogul team and it was during this time as part of the SVSEF mogul team that the nickname “Crazy” Karl was born. He was the youngest skier on the team and did the jumps for the older skiers. A few coaches came up with the nickname and it stuck.

Fostvedt then spent his freshman and sophomore years in high school at Steamboat Mountain School in Steamboat Springs, Colorado, and that’s when he was exposed to a new world. While in Colorado he was introduced to a more developed freeride program and was won over. He was drawn to snow parks and street skiing, often trading alpine slopes for urban features.

Fostvedt returned to Idaho for his junior and senior seasons. At Wood River High School, Fostvedt embarked on another love: cinema. He thanks multimedia professor Chet Olson for showing him the way of cinema, photography and editing. For his high school project, he designed a snow park for Sun Valley Resort.

He eventually changed his name and embarked on great mountain and off-piste skiing adventures. (“I can always slide a rail,” Fostvedt added.)

However, his ability to send him into dangerous atmospheres allowed him to keep the nickname “Crazy” Karl. For some, the nickname may have negative connotations, but Fostvedt says that’s a misinterpretation.

“The reason I have this nickname is because of my drive and motivation,” he said.

After high school, Fostvedt went to the University of Utah in Salt Lake City where he met his girlfriend, in a ski movie no less. He’s been with Sierra Kurian for eight years.

While studying architecture at university, he comes to a crossroads with his future: school or skiing.

“I was about to throw in the towel and thought my dream was over,” Fostvedt said. “I knew I wasn’t going to be able to ski and go to architecture school at the same time.

Poor Boyz Productions changed everything. They saw an in-line ski montage from Fostvedt and asked him to accompany them on a shoot. He quickly changed his major from Architecture to Environmental Sciences, which allowed him to keep an open ski schedule.

“Things started to snowball after this trip with Poor Boyz,” said Fostvedt, and at age 21, he won the “Rookie of the Year” award at the 2012 International Freeski Film Festival. In 2013, it was nominated for a Powder Magazine Award for best artificial air. The following year, he won the Under Armor War of the Rails at Bear Mountain. And in 2018, he won a Corbet crown, winning the Kings & Queens competition for the first time.






Gondola, Karl Fostvedt

Fostvedt always has a smile when he knows he’s going to ski.



Heavy is the head

From there, the ride didn’t slow down. After a short time surfing in Mexico with the Gem State Surf Club – a collection of friends who surf as soon as the snow dries up, swapping ski boots for sandals – Fostvedt began setting up his own production company, Native Earth. Productions. This year, Native Earth released Fostvedt’s first ski film, “BrapSki — Volume 1”.

The film was a community effort. Close friend Jasper Newton was in cinematography, and Fostvedt hired fellow filmmaker and Ketchum mayoral candidate Spencer Cordovano and local tech guru Sophie Maltby to produce.

Hank Minor, the owner of Apple’s Bar & Grill at the foot of Warm Springs, gave Fostvedt his first $ 500 to start the movie. Minor ‘s money turned into a $ 50,000 Kickstarter campaign and Fostvedt was on his way to filming.

The film, which premiered at The Argyros in Ketchum on October 7, garnered rave reviews and showcased Fostvedt’s directing talents. Shifting from risk-taking athlete to filmmaker, Fostvedt experienced new fears he didn’t see coming. He said showing a movie in a crowded theater is one of the scariest moments of his life, despite his career passing through and doing 360 laps on avalanches.

“I’m a little more comfortable this year with the microphone,” said Fostvedt.

Shot on location in Idaho, Washington, Alaska, Montana, Wyoming and Utah, the film features two of Fostvedt’s passions: snowmobiling and skiing.

The crew used drones to capture footage, which was cut into a 25-minute final cut.

The film features WingTai Barrymore, McKenna Peterson, Collin Collins, Harlan Collins, Dirt Franco, Matt Guyer, Barrett Cincotta, Lexi duPont, Thayne Rich, Blaine Gallivan and Olympian Chase Josey.

“It was a great opportunity to work with local athletes and create a film with a team that has had a lot of ski chemistry together for over 20 years now,” said Fostvedt.

There are plans to make the series a trilogy before moving on to new projects. “BrapSki — Volume 2” is currently to be determined.

“I think I put too much pressure on myself,” Fostvedt said. “But I’m glad I did, because now it’s going to be easier for us to release a movie from now on. We have a foundation. It was one of those years when I just put my head down and worked hard. It was stressful and everything just happened. Looking back, it was one of the best years of my life.






Karl Fostvedt, Woods ski 2

Fostvedt powder ski on Bald Mountain.

Fostvedt kicked off 2021 by winning the legendary Corbet’s Corridor at Jackson Hole on February 18.



It was only a dream

For Fostvedt, releasing his first ski movie was a childhood dream. As the little carnation himself, he remembered going to see Teton Gravity Research and Matchstick Production films in the former nexStage theater in Ketchum, where The Argyros now resides.

He lived through the times when he and his friends met their favorite professional athletes, sharing memories, taking photos and getting autographs. These ski stars paved the way for Fostvedt and his comrades, which he always wanted to do when he got the chance to release his film. Being a mentor – or, as he put it, an “uncle” for the new generation – is something he has strived for.

Fostvedt always gives time to young skiers who are fans. For them, he is part of the old guard of skiers, like the athletes who paved the way for him. In many ways, it bridges the generation gap. He understands the old-fashioned skier code, but with a youthful avidity where children find solace and inspiration.

Fostvedt says he couldn’t have done it alone. He thanks his older brother, Stephen, for being his biggest fan. And Collin Collins, a longtime mentor who has become a longtime friend.

“He’s been my best friend for 20 years,” Fostvedt said of Collins. “It all started when I admired him. He was the one who showed me all the ski movies at the time.

Collins, Barrymore, Cincotta and Josey are all part of the same generation of skiers and snowboarders who grew up together, trekking Bald Mountain at the same time.

“I love Bald Mountain,” he said. “I love this place.”

And this place loves him back. ??


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Atento announces the signing of a new super senior revolving credit facility https://gnet.org/atento-announces-the-signing-of-a-new-super-senior-revolving-credit-facility/ Wed, 29 Dec 2021 21:16:00 +0000 https://gnet.org/atento-announces-the-signing-of-a-new-super-senior-revolving-credit-facility/ – The IDB Invest credit facility to provide $ 43 million in financing, which can be increased to $ 50 million – A new credit facility further strengthens Atento’s capital structure, following the 2021 bond refinancing NEW YORK, December 29, 2021 / PRNewswire / – Atento SA (NYSE: ATTO, “Atento”), one of the world’s five […]]]>

– The IDB Invest credit facility to provide $ 43 million in financing, which can be increased to $ 50 million

– A new credit facility further strengthens Atento’s capital structure, following the 2021 bond refinancing

NEW YORK, December 29, 2021 / PRNewswire / – Atento SA (NYSE: ATTO, “Atento”), one of the world’s five largest providers of customer relationship and business process outsourcing (CRM / BPO) services and an industry leader in Latin America, announced today its entry on 23 December 2021 a new super senior revolving credit facility with IDB Invest, the private sector arm of the Inter-American Development Bank.

Atento (PRNewsfoto / Atento)

The new credit facility will initially provide total funding commitments of up to $ 43 million. Another $ 7.0 million can be incurred if Atento exceeds a net worth test. The new credit facility has a term of five years for December 23, 2026 and will replace the existing Atento $ 50 million super senior revolving credit facility, which matures on February 10, 2022. Atento intends to draw on the new credit facility to repay the $ 25.0 million under the existing revolving credit facility, and use the remainder of the financing for its working capital and capital expenditure needs Latin America.

With this financial milestone and following the refinancing of Atento’s senior covered bonds in February 2021, Atento has successfully completed its refinancing strategy of extending the maturity date of its main debt instruments to 2026. At the same time, the new revolving credit facility lowers Atento’s cost of debt.

Under the terms of the IDB funding, Atento is to work closely with the IDB to promote certain environmental and social standards, including gender diversity commitments, and will be subject to certain provisions related to ESGs and sanctions in addition. customary loan clauses, events of default and reporting. obligations.

José Azevedo, Chief Financial Officer of Atento, said: “As part of our goal of creating long-term shareholder value, we have refinanced and reduced the risk of Atento’s capital structure. Following the refinancing of $ 500 million senior secured notes earlier this year, which extended the average maturity of Atento’s debt from 1.5 years to 4.3 years, our new revolving credit facility through IDB Invest further strengthens our debt structure. capital while providing additional financial flexibility and reducing the financing costs of Atento. Mr. Azevedo added: “The beneficial financing was made possible by the ESG alignment of Atento with IDB Invest, as well as by efficient management of our balance sheet.

About Atento
Atento is the largest provider of customer relationship management and business process outsourcing (“CRM BPO”) services in Latin America, and among the top five global suppliers. Atento is also one of the leading providers of proximity CRM BPO services to companies operating in United States. Since 1999, the company has developed its business model in 14 countries where it employs around 139,800 people. Atento has more than 400 clients to whom it offers a wide range of CRM BPO services through multiple channels. Atento’s clients are mostly leading multinational companies in industries such as telecommunications, banking and financial services, healthcare, retail and public administration, among others. Atento shares trade under the symbol ATTO on the New York Stock Exchange (NYSE). In 2019, Atento was named one of the 25 Best Multinational Companies in the World and one of the Best Multinational Companies to Work for. Latin America by Great Place to Work®. Additionally, in 2021, Everest named Atento as a Featured Artist, Gartner named the Leading Company in the Gartner Magic Quadrant 2021. For more information, visit www.atento.com

Forward-looking statements
This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as “may”, “should”, “expects”, “plans”, “plans”, “believes”, “estimates”, “predicts”, ” intends ”,“ continue ”or similar terminology. In particular, these forward-looking statements include those regarding the refinancing of Atento’s existing super senior revolving credit facility with its new super senior credit facility. These statements only reflect Atento’s current expectations and do not constitute guarantees of future performance, results or results. These statements are subject to risks and uncertainties which could cause actual results to differ materially from those contained in forward-looking statements. Risks and uncertainties include, but are not limited to, competition in Atento’s highly competitive industries; increases in the cost of voice and data services or significant interruptions to these services; Atento’s ability to keep pace with its customers’ needs for rapid technological change and system availability; the continued deployment and adoption of emerging technologies; loss, financial hardship or bankruptcy of key customers; the effects of global economic trends on the activities of Atento customers; the non-exclusive nature of Atento’s customer contracts and the absence of revenue commitments; breaches of the security and confidentiality of the systems Atento uses to protect personal data; the cost of current and future litigation; the cost of defending Atento against intellectual property infringement claims; extensive regulations affecting many of Atento’s activities; Atento’s ability to protect its proprietary information or technologies; interruptions in service to Atento’s data centers and operations; Atento’s ability to retain key personnel and attract a sufficient number of qualified employees; increases in labor costs and turnover rates; political, economic and other conditions in the countries where Atento operates; changes in exchange rates; the ability of Atento to complete future acquisitions and to integrate or achieve the objectives of its recent and future acquisitions; future impairments of our substantial goodwill, intangible assets or other long-lived assets; Atento’s ability to collect trade receivables on behalf of its customers; and the current COVID-19 pandemic. Atento is also subject to other risk factors described in documents filed by Atento with the United States Securities and Exchange Commission. These forward-looking statements speak only as of the date on which the statements were made. Atento assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

Media inquiries
press@atento.com

Investor relations inquiries
Ivan Peill
InspIR Group
ivan@inspirgroup.com

Cision

Cision

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Clearwater Credit Union Supports Climate Change With Donation | Local news https://gnet.org/clearwater-credit-union-supports-climate-change-with-donation-local-news/ Mon, 27 Dec 2021 22:30:00 +0000 https://gnet.org/clearwater-credit-union-supports-climate-change-with-donation-local-news/ Following the global climate change initiatives emerging from COP-26, Clearwater Credit Union, based in Missoula, has donated $ 50,000 to regional organizations involved in climate resilience. “We know issues like wildfire seasons are getting worse, smoke and air quality issues are getting worse,” said Paul Herendeen, director of impact market development at Clearwater. “But on […]]]>

Following the global climate change initiatives emerging from COP-26, Clearwater Credit Union, based in Missoula, has donated $ 50,000 to regional organizations involved in climate resilience.

“We know issues like wildfire seasons are getting worse, smoke and air quality issues are getting worse,” said Paul Herendeen, director of impact market development at Clearwater. “But on the other hand, we see a tremendous investment opportunity, and as a financial institution, that’s what we want to do.”

Donations were shared between Climate Smart Missoula, Families for a Livable Climate, the Montana Environmental Information Center, the National Center for Appropriate Technology, Montana Conservation Voters and the Northern Plains Resource Council.

Clearwater regularly gives 5% of its net income each year to philanthropic causes, Herendeen said.

“The stakes are high,” said Amy Cilimburg, executive director of Climate Smart Missoula. “This financial support will help us accelerate our efforts to ‘electrify Missoula’, partnering with low-income advocates to expand our Clean Indoor Air program, collaborate with others in the state to reduce emissions and strengthen the environment. resilience, and much more. “

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The COP-26 meeting in Glasgow, Scotland included pledges from financial institutions among the richest nations in the world to contribute $ 100 billion a year to global warming mitigation initiatives.

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“We know this share of philanthropy is small compared to the scale of the problem,” said Jack Lawson, president and CEO of Clearwater. “Nonetheless, we hope this signals serious intent. The threat climate change poses to our health and well-being could not be more real. At the same time, the economic opportunities presented by taking action to fight are huge. Banks and credit unions need to take the lead here. After all, it’s our lending business that should support the energy transformation we all need. “

Herendeen said Montana’s opportunities to develop wind, solar, and conservation projects would have significant local effects.

“What we would like to see is more development of the clean energy economy in Montana,” Herendeen said. “There is a lot of work being done locally, and these are good local jobs that cannot be relocated or relocated. We would like to see more.

Clearwater Credit Union has been carbon neutral since 2020 through the use of carbon offsets such as funding for energy efficiency improvements in affordable housing projects in the area. It is also one of the first six financial institutions in the country to conduct a Carbon Accounting Partnership financial analysis of its own balance sheet. The results of the scan will be released later this week.

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Development lenders must support the path to net zero https://gnet.org/development-lenders-must-support-the-path-to-net-zero/ Fri, 24 Dec 2021 10:01:00 +0000 https://gnet.org/development-lenders-must-support-the-path-to-net-zero/ The nation’s leading home builders have pledged to implement a delivery plan to meet the government’s climate and emissions targets. We argue that development finance lenders must join the sector plan to achieve broader climate, natural and environmental goals and help build sustainable and green homes. Earlier this year, the UK’s leading home builders pledged […]]]>

The nation’s leading home builders have pledged to implement a delivery plan to meet the government’s climate and emissions targets.

We argue that development finance lenders must join the sector plan to achieve broader climate, natural and environmental goals and help build sustainable and green homes.

Earlier this year, the UK’s leading home builders pledged to abide by the net zero roadmap, developed through the Future Homes task force, which includes figures from relevant residential building communities, supply chain, skills, environment, planning, education, infrastructure, utilities and regulators, and through collaboration with government.

Primarily, its goals are to provide high quality homes that are zero carbon ready, sustainable, yet healthy, safe and comfortable from 2025. Additionally, it seeks to provide consistently low emission locations and developments. carbon, rich in nature and resilient. , well designed and beautiful by 2025; net zero and sustainable production and construction methods by 2050 (with significant and visible progress by 2025 and 2030); and in-line business operations with the “race to zero” (net zero by 2050 with a 50% reduction by 2030).

However, as the UK makes its way to net zero, we have yet to see a similar commitment from the housing development finance industry as a whole. Our Loans Director, Barney Iles, explains that “there is currently no publicly recognized ESG framework, guide to best practice or checklist for the construction industry.” There are, however, a variety of ways that development finance lenders can assess the ESG credentials of the housing programs they are seeking to finance.

Net zero housing infrastructure must be delivered on a large scale, at the lowest rate and cost to maximize benefits and reduce costs to potential homeowners and taxpayers. “Tapping into ready-to-invest sources of finance from non-bank and specialist lenders will avoid further burdens on public finances, especially at a time when public finances are under pressure. Ultimately, it is essential that non-bank specialty lenders work hand in hand with the government to achieve these housing goals, ”said Barney.

At Blend Network, we actively fund green, sustainable and ESG-compliant housing programs in UK regions. However, we plan to further formalize our commitment to a sustainable lifestyle and a net zero economy by launching our new sustainability finance initiative, for which we will announce more details in the first quarter of 2022.

From the perspective of our borrowers, environmental performance and ESG benchmarks can help real estate developers improve sales or attract better tenants who are increasingly looking for efficient, healthy and certified green buildings in which to live and work. Overall, integrating ESG factors can lead to increased profitability. through higher real estate values, attracting more / better tenants and improving returns on investment.

In our view, in addition to making socially responsible or morally just decisions, the growing trend of ESG integration in companies and investors makes the need to address sustainability and societal issues increasingly important. of the construction industry. That is why our sustainability finance initiative will require that community benefits, sustainability and social initiatives be provided through the housing programs we fund. “We aim to implement best practices in sustainable development finance lending in all parts of the UK to accelerate investments,” added Barney.

In summary, as the UK prepares to meet climate goals, it is vital and urgent to align property development policies and finance to deliver the backbone of sustainable housing and infrastructure to a net zero economy. .


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When homeless, Colorado Representative Jackson will assume a key role in the Federal Housing Agency https://gnet.org/when-homeless-colorado-representative-jackson-will-assume-a-key-role-in-the-federal-housing-agency/ Wed, 22 Dec 2021 12:02:48 +0000 https://gnet.org/when-homeless-colorado-representative-jackson-will-assume-a-key-role-in-the-federal-housing-agency/ State Representative Dominique Jackson, an Aurora Democrat who is serving her third term in the Colorado House of Representatives, is stepping down from her elected post for an influential position in the Biden administration. President Joe Biden has appointed Jackson as regional administrator for the Department of Housing and Urban Development, where she will lead […]]]>

State Representative Dominique Jackson, an Aurora Democrat who is serving her third term in the Colorado House of Representatives, is stepping down from her elected post for an influential position in the Biden administration.

President Joe Biden has appointed Jackson as regional administrator for the Department of Housing and Urban Development, where she will lead HUD’s efforts to help people find and stay housing, enforce fair and anti-discrimination loan laws, access rent assistance, and more. The announcement came in a friday statement of the White House.

“It’s in many ways a continuation of the work I did,” Jackson said in an interview. “It’s about continuing to serve the community in an even greater way. “

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As a Region 8 administrator, Jackson will oversee HUD operations in Colorado, Montana, North Dakota, South Dakota, Utah, and Wyoming.

Jackson submitted a letter of resignation from his House office that was accepted Monday, according to Jarrett Freedman, spokesperson for the Colorado House Democrats. A vacancy committee has until mid-January to appoint Jackson’s replacement, who will complete the legislature ending in 2022.

“I am proud of the work I have done in the Legislature,” said Jackson, “and I am delighted for my colleagues. I know they will continue to do a great job for the people of the state of Colorado. “

Jackson’s House District 42 is a strong Democrat. So far, two Democrats, Kyle Leggott and Eric Nelson, and a Republican, Cory Parella, have run for the seat next November.

Representative Dominique Jackson, D-Aurora, represents Colorado House District 42. (Courtesy Colorado Democrats)

Until her resignation from the state legislature, Jackson served as chair of the Affordable Housing Transformation Task Force, which is finalizing a plan to allocate $ 400 million in federal funds to housing initiatives in Colorado. . Along with Representative Leslie Herod, a Democrat from Denver, Jackson sponsored a 2020 law banning housing discrimination based on income source.

“Colorado residents have been grappling with a housing crisis for years – and it’s only getting worse,” Colorado US Senator Michael Bennet, a Democrat, said in a statement Friday. “We need experienced leaders like State Representative Dominique Jackson at HUD to address this critical issue. From his time in the Colorado Legislature to his work with Aurora City Council (on a Housing and Development Committee), I am confident that in this new role, State Representative Jackson will help to guarantee families a safe living space.

Senator John Hickenlooper, also a Democrat from Colorado, called Jackson an “exceptional choice.”

“She has championed affordable housing and has a deep understanding of how to serve marginalized communities,” Hickenlooper said in a statement.

As a state representative, Jackson chaired the House energy and environment committee. She sponsored major legislation earlier this year that tightened regulations on greenhouse gas emissions and spoke at the 2021 United Nations Climate Change Conference.

“We are delighted that someone with such an accomplished track record in the fight for tenant rights, environmental justice and the voice of underserved communities is joining the Region VIII HUD team,” Michele Perez, Deputy Deputy secretary of HUD’s field policy office and management, said in a statement Tuesday. Ms. Jackson’s background and experience in helping rural and urban communities will be an invaluable asset to the Rocky Mountain region of HUD.

Having experienced homeless as a teenager, Jackson knows what it’s like to have insecure housing. She plans to bring that perspective to her new role, she told Newsline.

“I share the same kind of lived experiences that many people I have served in the past and will continue to serve in this role now and into the future,” said Jackson. “Coming from this place is more than empathy, but it’s a real lived experience that informs us in a different way, and I hope this kind of lived experience will always help me. remember to listen, to sit down and to really listen.


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Omicron, Trump, Spider-Man: your Monday night briefing https://gnet.org/omicron-trump-spider-man-your-monday-night-briefing/ Mon, 20 Dec 2021 23:21:01 +0000 https://gnet.org/omicron-trump-spider-man-your-monday-night-briefing/ (Want to receive this newsletter in your inbox? Here is registration.) Good evening. Here is the last Monday at the end of the day. 1. The Omicron variant causes a push in the northeast. In New York City, reports of new coronavirus cases have increased by more than 80% in two weeks. Rhode Island, which […]]]>

(Want to receive this newsletter in your inbox? Here is registration.)

Good evening. Here is the last Monday at the end of the day.

1. The Omicron variant causes a push in the northeast.

In New York City, reports of new coronavirus cases have increased by more than 80% in two weeks. Rhode Island, which has one of the highest vaccination rates in the country, is also now the US state with the most cases per capita in recent days.

Many hospitals have reached capacity, and governors in several states have mobilized the National Guard to deal with hospital staff shortages.

2. Chuck Schumer has promised to move forward with Build Back Better.

The Senate Majority Leader’s announcement on the social and environmental spending program came a day after West Virginia Senator Joe Manchin, in a crucial landmark vote, told Fox News he would not support the plan. Behind Manchin’s opposition lies a long history of opposition to climate action.

Votes on the plan are expected to take place in early 2022, Schumer said in a letter to colleagues, “so that every member of this body has the opportunity to make their position known in the Senate, not just on television.”

Manchin criticized White House staff for handling the negotiations, saying officials pushed him to the limit. The markets collapsed after the bill fell.

Separately, Schumer said he would try to force a fundamental change in Senate rules and potentially change the filibuster rule to pass a voting rights law.


3. Chinese authorities are using private companies to manipulate Facebook and Twitter.

Documents examined by The Times reveal in detail how Beijing generates on-demand content, attracts followers and stalks critics – as part of a global campaign to revamp its image and undermine accusations of human rights abuses.

The documents were part of a Shanghai Police tender to create hundreds of fake accounts on major social media platforms. The accounts were taken offline after The Times contacted the Chinese government about them.

Separately, Peng Shuai, the Chinese tennis star who accused a former Communist Party leader of sexual coercion, told a Singaporean newspaper that she had been misunderstood. But the minutes-long interview with Peng, which took place at a ski competition in Shanghai, left many key questions unanswered, and his alleged denial aroused skepticism from human rights defenders.


4. Donald Trump sued the New York State Attorney General.

The former president is seeking to end a lengthy civil investigation by Letitia James into her business practices and to bar her office from participating in a separate criminal investigation.

The lawsuit says James’s involvement in both investigations was politically motivated, a tactic Trump has deployed in the past in the face of scrutiny by law enforcement and others. Legal experts say the lawsuit faces a high bar.


5. The Environmental Protection Agency has announced stricter rules for automobile pollution.

According to the plan, new vehicles are expected to average 55 miles per gallon starting in 2026, up from just under 38 miles per gallon today. This would prevent the release of 3.1 billion tonnes of carbon dioxide by 2050, according to the agency. And motorists would save about $ 1,080 in fuel costs over the life of more efficient vehicles.

The Biden administration is expected to rely heavily on executive action and regulation after the centerpiece of the president’s climate agenda was scuttled on Sunday by Senator Joe Manchin.

After decades of underinvestment, the $ 1 trillion infrastructure bill that President Biden signed last month is poised to make much-needed improvements to train travel along the North Corridor. is.


6. “Q” was silent. QAnon did not.

“Q,” the anonymous online account that sparked the QAnon conspiracy movement, has not been released for over a year. But QAnon is now even more deeply rooted in the political and social fabric of the United States.

In the absence of a leader, the movement evolved into a “choose your own adventure” conspiracy theory. More than 40 candidates who have publicly declared their support for QAnon are running for national elections in 2022, and the lies adopted by his supporters are likely to influence the midterm elections.


7. While Europe returns artefacts, Britain remains silent on the Parthenon marbles.

The sculptures – often referred to as the Elgin Marbles after the aristocrat who brought them from Athens to London in the 1800s – are probably the most famous contested museum objects in the world.

Last week, the sculptures returned to public view after an extended closure of the British Museum’s Greek galleries. They reappeared as other European governments returned similar historical objects. The British government says the fate of the sculptures does not concern it.

The chairman of the museum’s board said in an opinion piece this month that it was open to loaning the marbles to other countries. But the Greek government is awaiting their final return.


8. Give me some (moving) photos of Spider-Man!

“Spider-Man: No Way Home” raised around $ 253 million at theaters across the United States and Canada on its weekend debut. It was the highest opening weekend result in the 19-year Spider-Man franchise in eight films and the third highest in Hollywood history.

No movie has generated more than $ 90 million in domestic sales on the opening weekend since “Star Wars: The Rise of Skywalker” in 2019. Despite the emergence of the Omicron variant, more than 20 million people have seen the blockbuster.

If you stick to the small screen, here are The Times critics’ picks for the best TV episodes of 2021.


9. One of the best Italian pastries comes from prison.

Panettone is Italy’s national Christmas cake, and Pasticceria Giotto’s version – located at Due Palazzi prison on the outskirts of Padua – has been named one of the top 10 in the country.

Cooking them is a meticulous process that takes over 72 hours of multiple kneading and proofing. To become bakers, inmates must work with a psychiatrist and then do an internship. As employees, they start at 650 euros (about $ 735) per month, then increase to 800 €, then finally to 1000 €.

As part of The Times Holiday Kitchen coverage, we visited long-haul truckers to see how they throw holiday parties on the road during a particularly busy year.


10. And finally, goodbye LeBron James and hello Mario.

Even before the pandemic, children were moving away from team sports: in 2018, only 38% of children aged 6 to 12 played regularly, up from 45% in 2008. The coronavirus pandemic has only accelerated the trend towards e- sports.

Play was “a lifeline” during the pandemic, a parent, whose children participate in a YMCA esports program, told The Times. It allowed kids to connect and gave parents a break from the expensive industrial youth sports complex. And that gives them some quiet time – unless they take their turn with the controllers.

Have an entertaining evening.


Angela Jimenez photos compiled for this briefing.

Your evening briefing is posted at 6 p.m. EST.

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What did you like What do you want to see here? Let us know at briefing@nytimes.com.

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