[ad_1] The CFA Institute “2024 GIPS® Standards Asset Owner Performance Survey Report” (Asset Owner Survey Report) reveals that asset owners worldwide are increasingly embracing the Global Investment Performance Standards (GIPS Standards). The Survey Report’s findings show not only a rise in awareness and compliance with these industry standards but also a broader trend among asset owners toward greater transparency, accountability, and alignment with best practices in investment performance reporting. The survey, which was global in scope, was conducted June – September 2024 by CFA Institute in collaboration with the GIPS® Standards Asset Owner Subcommittee. It expands on a U.S.-focused study…
Author: user
[ad_1] The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since early February, further pushing up borrowing costs for homebuyers. The rate increased to 6.89% from 6.86% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.03%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose. The average rate ticked up to 6.03% from 6.01% last week. It’s still down from 6.36% a year ago, Freddie Mac said. Mortgage rates are influenced by several factors, from the Federal Reserve’s interest rate…
[ad_1] This week we’re joined by Bill Schultheiss of Toole Design to talk about bike facility design guides. We look at the benefits of both the AASHTO and NACTO guides and discuss the importance of history, political will and the stress of being an expert witness in a trial.Scroll down below the audio player for a partial edited transcript of the episode — or click here for an AI-generated readout (yes, there will be AI typos).Jeff Wood: I know you’re steeped in the discussions about updates to the MUTCD as well. I’m wondering how these guides react to that, as well as some of the consternation that…
[ad_1] SINGAPORE – Carbon tax-liable companies in Singapore, which have been able to use eligible carbon credits to offset up to 5 per cent of their emissions each year, will be allowed to roll over their unused offset limit in 2024 to 2025. This means that if any of the roughly 50 such tax-paying facilities here did not use any carbon offsets in 2024, they may be able to offset up to 10 per cent of their emissions in 2025.The National Environment Agency (NEA), which is the carbon tax-administering agency, announced this on its website, saying it was allowing this…
[ad_1] The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since early February, further pushing up borrowing costs for homebuyers.The rate increased to 6.89% from 6.86% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.03%.Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose. The average rate ticked up to 6.03% from 6.01% last week. It’s still down from 6.36% a year ago, Freddie Mac said.Mortgage rates are influenced by several factors, from the Federal Reserve’s interest rate policy decisions to…
[ad_1] At a Glance Law 15,042/24 (the “Consumption Tax Reform”) was a milestone for the regulation of Brazil’s carbon market. It established the regulated market called the Brazilian Emissions Trading System (SBCE), recognized the “voluntary market,” and established tax rules for the trade of carbon credits. Simultaneously, Complementary Law 214/25 regulated various aspects of the Consumption Tax Reform, providing for the introduction of new consumption taxes (IBS and CBS) in 2026. To explain the tax treatment on the sale of carbon credits and clarify some important points, we have prepared this analysis of the tax treatment after Law 15,042/24 takes…
[ad_1] Despite their increasing coverage, current structures have a long way to go to support climate goals. The difficulty lies in building high-integrity markets that balance scale with credibility. Advances in standards, oversight, reporting and verification will accelerate improvements in both of these aspects. Progress at the UN climate summit in Baku last year was significant. A new protocol under Article 6.2 of the Paris agreement established a governance architecture for international carbon trading, with provisions to prevent accounting duplications and market distortions. “Countries can elect to implement Article 6.2, meaning they have a lot of control over what types of projects…
[ad_1] The Institute of Chartered Accountants of India (ICAI) will review fraud-hit IndusInd Bank’s financial statements for 2023-24 and 2024-25. The institute’s Financial Reporting Review Board (FRRB) will carry out the review.”It has been decided in the FRRB Board meeting today that FRRB of ICAI will undertake the review of the financial statements and the statutory auditor’s reports of the IndusInd Bank Limited for the financial years 2023–24 and 2024–25,” ICAI President Charanjot Singh Nanda told PTI on Thursday.FRRB conducts the review of financial statements of companies to assess compliance with Accounting Standards, Standards on Auditing, Schedule II and III…
[ad_1] The initiative called the Africa Carbon Support Facility, is currently in the design phase and will feature two key components, according to the bank. The first component will help governments develop policies and regulations governing carbon trading, while the second will focus on boosting the supply and demand for credits as well as the key market infrastructure needed to increase their use, Reuters reported. “Through this, we envision a future where carbon credits can become a tradable commodity on Africa’s stock exchanges,” said Anthony Nyong, AfDB’s director for climate change and green growth. Carbon credits have become a big…
[ad_1] The European Union (EU) is close to meeting its bold 2030 climate goals. This progress comes from strong growth in renewable energy and better national energy plans. However, challenges in land use, energy efficiency, and emissions from transport and buildings threaten to slow progress unless urgent action is taken. Emissions Cut: A Strong Showing, But Not Enough The European Commission says the EU will cut greenhouse gas emissions by 54% from 1990 levels by 2030. This is only one point short of the official 55% target. This progress is based on updated National Energy and Climate Plans (NECPs) submitted…