The market for funds invested according to sustainability criteria continues to grow strongly in Austria with assets increasing by 12% in 2017.At the end of 2017 there were 82 funds offered to institutional and retail clients (2016: 66 funds) with a total volume of €7.5bn.Overall, 16 out of 19 investment companies offering funds in Austria now have one or more funds with a sustainability label.“Even three or four years ago it was only half of the providers, now almost everyone has it,” said Reinhard Friesenbichler, founder and managing director of RFU Consulting, which specialises in sustainability research. “It is not a niche anymore but a well established segment,” he told IPE.A similar growth in assets was reported in 2016 and 2015, indicating that the main source for demand for sustainability funds was Vorsorgekassen, which manage mandatory payments by employers for severance pay.At year-end 2017 these funds managed €10.4bn in total, an increase of 11% year-on-year – after an 8% growth in assets in 2016.All of the eight providers in this market have committed to a 100%-sustainable investment policy. Only the criteria differ in each Vorsorgekasse.Friesenbichler confirmed most of the demand for sustainable funds came from Vorsorgekassen and Pensionskassen, followed by churches.“But we see a lot of interest from insurers, which will definitely drive demand in the near future,” he added.More than half of the sustainability funds offered on the market have qualified for the Austrian “Umweltzeichen”. This national environmental label has been around for various products since 1990, and was adjusted for financial products in 2004.“The ‘Umweltzeichen’ has a high standard compared to other labels and has already become the minimum standard many Austrian investors are expecting,” said Friesenbichler.Even international investment companies offering sustainable funds on the Austrian markets have applied for the label.Friesenbichler highlighted the high level of standards in this fund segment, saying: “We do not see ‘green washing’ happening in the market on a larger scale.”Because of the high standards of the Umweltzeichen, the European label FNG, introduced in 2016, has not really gained much foothold in the Austrian market.
John Galloway came to Wohl Field for practice Tuesday afternoon with a lot to say. As he approached senior attack Chris Daniello, the chirping began.‘Oh my God, player of the week, Chris Daniello,’ said Galloway, a grin on his face. ‘Nike Player of the Week, Chris Daniello.’But the soft-spoken Daniello had a retort of his own.‘You are the player of the year candidate,’ Daniello said. ‘I just have the weekly honor, you are going for the whole year award.’And with that exchange, the depth of the Syracuse University lacrosse team came through. AdvertisementThis is placeholder textThe Orange boasts seven players who have at least 15 points this season. Through 11 games, six different players have led the team in points. SU is tied with Virginia for the most Tewaaraton Trophy nominees with four. But this Saturday, when the No. 1 Orange (10-1, 3-0 Big East) take on a winless Providence (0-11, 0-3) squad on Senior Day at 2 p.m. at the Carrier Dome, the team hopes a new dimension of their depth will have a chance to shine. Junior long-stick midfielder Joel White said he hopes some other players get a chance to show they can play, too.‘We have a bunch of seniors on this team who have done a lot, and they work so hard every single day,’ White said. ‘Hopefully we can get a couple goals up on Providence, and they can get in and have fun out there.’Of the 10 seniors on the Syracuse roster, only four players — Max Bartig, Matt Tierney, Cody Jamieson and Daniello — have seen consistent playing time this season. Bartig only appeared in 10 games last season and Cody Jamieson in six, after transferring from Onondaga Community College. But it is the rest of the seniors — Al Cavalieri, Joe Coulter, Gavin Jenkinson, Tyler Hlawati and Brandon Conlin — that have limited game experience.Jenkinson has taken the most faceoffs on the team and has won 57 percent of them. Coulter and Hlawati have appeared in all 11 games this season and each has scooped up nine ground balls. And if you ask Galloway, his backup Cavalieri could start just about anywhere else. ‘The group has come a long way,’ said SU head coach John Desko. ‘They didn’t help us immediately as freshman. They had to pay their dues and stick with the system and work hard to get better to be able to help this team this year.’Though on paper the seniors are contributing the most this season since their arrival at SU, they have provided advice and guidance all along. None was more important than what they told the class below them after they experienced a 5-8 season in 2007. White said he still feels the effects of what these seniors told his class after that year.‘I am really proud of how they brought us freshman up,’ White said. ‘We wouldn’t be the team we are right now without them. They said we don’t want another 5-8 season so we better turn things around.’Since then, the senior class has gone a combined 42-5 and won two national championships. Galloway is a member of the class with White, who heard the advice loud and clear. Three years later, it is about giving back to those seniors.‘We are excited for the seniors to have their last day in the Dome,’ Galloway said. ‘We want to send them off the right way.’And hopefully for the Orange, that way will show another dimension of the SU depth. A dimension that goes beyond Tierney, Bartig and the Nike/Inside Lacrosse Player of the Week in Daniello. ‘The whole class has really come on hot this season,’ Galloway said. ‘There are a lot of key guys in that group like Bartig and Tierney. But those are just to name a few. We are going to send them off the way they deserve.’firstname.lastname@example.org Facebook Twitter Google+ Comments Published on April 21, 2010 at 12:00 pm