Sentinel Staff
HOLLAND Officials at Holland State Park are urging those visiting over Memorial Day weekend to be mindful of water safety in Lake Michigan.
Sean Mulligan, Holland State Park supervisor for the Michigan Department of Natural Resources, said visitors should heed the park s flag system for Lake Michigan s water conditions.
A green flag signifies generally good swimming conditions, yellow flags mean potentially dangerous conditions, and swimmers should be cautious about entering the water, and a red flag means visitors should stay out of the water due to dangerous conditions.
Even a green flag day can be hazardous, Mulligan said, particularly for visitors who have not swam in Lake Michigan before.
By Susanna Rust2021-05-20T15:33:00+01:00
CFA Institute has decided against trying to define ESG or sustainability terms for its forthcoming global ESG disclosure standards for investment products and to instead use “plain language”, according to an overview of the draft standards released for consultation.
The decision was taken based on feedback to its consultation on the proposed development of the standards. The association said responses indicated that “no clear consensus exists on the definitions of ESG or sustainability terms”.
The decision means that the draft standards do not follow the same “architecture” presented in last year’s consultation paper.
Mark Burgess
As environmental, social and governance (ESG) investment products become more popular, sparking concerns about “greenwashing,” the CFA Institute released draft voluntary disclosure standards it hopes fund companies around the world will adopt.
The draft released Wednesday differs from the architecture set out in the initial consultation paper. While last summer’s proposal was built around a matrix matching common client needs with six “ESG-related features” of funds, the draft standards won’t require investment products to have specific ESG-related features.
The ESG-related features in the original consultation paper included ESG integration, exclusion, impact, thematic focus and best-in-class.
Instead, the draft “considers an ESG-related feature to be any aspect of an investment product’s strategy that uses ESG information or addresses ESG issues.” This includes a product’s objectives, benchmarks, constraints, security selection, financial analys