Australian Investors Demand Corporate Climate Change Transparency

SYDNEY – Three major investor groups representing some of Australia’s biggest finance firms are calling for government regulators to force big companies to disclose how they plan to address financial risks from climate change. The coalition of investors is warning climate change is becoming a major threat to the global economy.

In a new report, the group of major investors from Australia and New Zealand is demanding regulators set new standards for companies reporting on how climate change and global warming affect their business and change the value of investments.

The authors believe the current voluntary disclosure of climate-related risks is failing to provide investors with confidence.

Erwin Jackson is the director of policy at the Investor Group on Climate Change, which contributed to the report.

“Essentially what investors are asking companies are they ready for the impacts of climate change, are they ready for the transition to net zero emissions? But unfortunately, at the moment the information that investors are getting from companies is really inadequate and it is not really allowing investors to ‘kick the tires’ of many companies to see if they are adequate investments in the face of climate risk,” Jackson said.

Australia has suffered devastating bushfires in recent years. The 2019-20 bushfire season burned more than 18 million hectares of land and cost more than $6 billion dollars.

The investor group says it is concerned about the long-term impact of bushfires and droughts in Australia. The majority of Australian company chief executives now consider global warming to be a hazard to economic growth.

All Australian states and territories have a set a target of net-zero emissions, but the federal government has yet to commit to such an ambition.

Prime Minister Scott Morrison has insisted his environmental policies are responsible and will not damage the economy.

Coal still generates most of Australia’s electricity, but major retailers, including supermarket giant Woolworths and Telstra, a dominant telecommunications company, have all set ambitious renewable energy targets.

Analysts have said that going green was popular with customers and investors, was good for a company’s public image and also made sound financial sense.

Source: Voice of America

Diana Legacy Lingers as Fans Mark Late Royal’s 60th Birthday

LONDON – Most people wouldn’t volunteer to walk through a minefield. Princess Diana did it twice.

On Jan. 15, 1997, Diana walked gingerly down a narrow path cleared through an Angolan minefield, wearing a protective visor and flak jacket emblazoned with the name of The HALO Trust, a group devoted to removing mines from former war zones. When she realized some of the photographers accompanying her didn’t get the shot, she turned around and did it again.

Later, she met with a group of landmine victims. A young girl who had lost her left leg perched on the princess’s lap.

The images of that day appeared in newspapers and on TV sets around the globe, focusing international attention on the then-languishing campaign to rid the world of devices that lurk underground for decades after conflicts end. Today, a treaty banning landmines has 164 signatories.

Those touched by the life of the preschool teacher turned princess remembered her ahead of what would have been her 60th birthday on Thursday, recalling the complicated royal rebel who left an enduring imprint on the House of Windsor.

Diana had the “emotional intelligence that allowed her to see that bigger picture … but also to bring it right down to individual human beings,” said James Cowan, a retired major general who is now CEO of The HALO Trust. “She knew that she could reach their hearts in a way that would outmaneuver those who would only be an influence through the head.”

Diana’s walk among the landmines seven months before she died in a Paris car crash is just one example of how she helped make the monarchy more accessible, changing the way the royal family related to people. By interacting more intimately with the public — kneeling to the level of a child, sitting on the edge of a patient’s hospital bed, writing personal notes to her fans — she connected with people in a way that inspired other royals, including her sons, Princes William and Harry, as the monarchy worked to become more human and remain relevant in the 21st century.

Diana didn’t invent the idea of royals visiting the poor, destitute or downtrodden. Queen Elizabeth II herself visited a Nigerian leper colony in 1956. But Diana touched them — literally.

“Diana was a real hugger in the royal family,” said Sally Bedell Smith, author of “Diana in Search of Herself.” “She was much more visibly tactile in the way she interacted with people. It was not something the queen was comfortable with and still is not.”

Critically, she also knew that those interactions could bring attention to her causes since she was followed everywhere by photographers and TV crews.

Ten years before she embraced landmine victims in Angola, she shook hands with a young AIDS patient in London during the early days of the epidemic, showing people that the disease couldn’t be transmitted through touch.

As her marriage to Prince Charles deteriorated, Diana used the same techniques to tell her side of the story. Embracing her children with open arms to show her love for her sons. Sitting alone in front of the Taj Mahal on a royal trip to India. Walking through that minefield as she was starting a new life after her divorce.

“Diana understood the power of imagery — and she knew that a photograph was worth a hundred words,” said Ingrid Seward, editor-in-chief of Majesty magazine and author of “Diana: An Intimate Portrait.” “She wasn’t an intellectual. She wasn’t ever going to be the one to give the right words. But she gave the right image.”

And that began on the day the 20-year-old Lady Diana Spencer married Prince Charles, the heir to throne, on July 29, 1981, at St. Paul’s Cathedral.

Elizabeth Emanuel, who co-designed her wedding dress, describes an event comparable to the transformation of a chrysalis into a butterfly, or in this case a nursery school teacher in cardigans and sensible skirts into a fairytale princess.

“We thought, right, let’s do the biggest, most dramatic dress possible, the ultimate fairytale dress. Let’s make it big. Let’s have big sleeves. Let’s have ruffles,” Emanuel said. “And St. Paul’s was so huge. We knew that we needed to do something that was a statement. And Diana was completely up for that. She loved that idea.”

But Emanuel said Diana also had a simplicity that made her more accessible to people.

“She had this vulnerability about her, I think, so that ordinary people could relate to her. She wasn’t perfect. And none of us are perfect, and I think that’s why there is this thing, you know, people think of her almost like family. They felt they knew her.”

Diana’s sons learned from their mother’s example, making more personal connections with the public during their charitable work, including supporting efforts to destigmatize mental health problems and treat young AIDS patients in Lesotho and Botswana.

William, who is second in line to the throne, worked as an air ambulance pilot before taking on full-time royal duties. Harry retraced Diana’s footsteps through the minefield for The HALO Trust. Her influence can be seen in other royals as well. Sophie, the Countess of Wessex and the wife of Charles’ brother Prince Edward, grew teary, for example, in a television interview as she told the nation about her feelings on the death of her father-in-law, Prince Philip.

The public even began to see a different side of the queen, including her turn as a Bond girl during the 2012 London Olympics in which she starred in a mini-movie with Daniel Craig to open the games.

More recently, the monarch has reached out in Zoom calls, joking with school children about her meeting with Russian cosmonaut Yuri Gagarin. What was he like, ma’am? “Russian,” she said flatly. The Zoom filled with chuckles.

Cowan, of HALO, said the attention that Diana, and now Harry, have brought to the landmine issue helped attract the funding that made it possible for thousands of workers to continue the slow process of ridding the world of the devices.

Sixty countries and territories are still contaminated with landmines, which killed or injured more than 5,500 people in 2019, according to Landmine Monitor.

“She had that capacity to reach out and inspire people. Their imaginations were fired up by this work,” Cowan said. “And they like it and they want to fund it. And that’s why she’s had such a profound legacy for us.”

Source: Voice of America

Laos, India Mark 7th International Day of Yoga

The Embassy of India to Laos and the Government of the Lao PDR jointly celebrated the 7th International Day of Yoga (IDY) on 26 June 2021, with the theme “Yoga for Wellness” in hybrid mode.

The event was organised at Chao Anuovong Stadium, Vientiane. All directives issued from time to time by Lao authorities at the central and local levels in connection with the COVID-19 pandemic were observed.

Minister of Education and Sports Phout Simmalavong, President of the Lao-India Friendship Association Bountiem Phissamy, and Vice Minister of Education and Sports Khanthaly Siriphongphan graced the celebrations with their presence.

A good number of people including government officials and members of Indian diaspora also attended the event. Many more joined the event virtually.

Over the last seven years, the Embassy of India, in collaboration with the Ministry of Foreign Affairs, Ministry of Education a Sports; and Ministry of Information, Culture and Tourism; and the authorities of Vientiane, has been organizing IDY events at various prominent locations including at That Luang Square; Vat Phou; and Lanexang Park, Luang Prabang.

The yoga events in the Lao PDR have seen enthusiastic participation by Lao nationals and the resident Indian community alike and have become very popular.

Welcoming the participants to the Yoga Day celebrations, Ambassador Dinkar Asthana mentioned that Yoga is an invaluable gift of India’s ancient tradition to mankind. It embodies unity of mind and body; thought and action; restraint and fulfilment; harmony between man and nature; a holistic approach to health and well-being. Yoga is for the benefit of all of us. It boosts our immunity and helps us to fight stress and anxiety. Practicing Yoga is a way of leading a healthier life.

Ambassador mentioned that on Jun 21, Prime Minister of India Narendra Modi launched a yoga app, called mYoga app, which was developed jointly by India and WHO.

The app provides many videos of yoga training based on the common yoga protocol in many languages. Terming this as a great example of the fusion of modern technology and ancient science, Prime Minister Modi expressed the hope that mYoga app will help in spreading yoga all over the world and will contribute to the efforts of ‘One World One Health’.

The Ambassador also pointed out that as one gets deeper into Yoga, one might like to go to the original texts of Yoga. Many of them are in Sanskrit. Classical languages like Sanskrit and Pali open the door to the great literary and cultural heritage of India, importantly, the original Sanskrit version of the great epic, Ramayana (known as Phra Lak Phra Ram in Laos), which has spread all across South East Asia. To make learning Sanskrit more interesting, the Indian Council of Cultural Relations has launched a mobile App, called ‘Little Guru’, which is World’s first gamified Sanskrit learning App. The first few lessons are free, after which there is a very nominal monthly subscription of about 30000 kip. The app can be downloaded from Google Playstore (for android phones) or App Store for apple phones.

Minister of Education and Sports Phout Simmalavong mentioned that Yoga is good for the overall development of our body and beneficial for all of us. He observed, “I am very proud and honoured to be on behalf of the Party and State Committee, the Lao people of all ethnic groups, as well as the Ministry of Education and Sports to attend this important 7th International Yoga Day celebration”.

The event included a Yoga practice session conducted by Yoga instructors from the Art of Living Foundation as per the standard Common Yoga Protocol of the International Day of yoga. The celebrations were also live-streamed through the Embassy’s Facebook page.

This was the third, and last, event organised by the embassy to mark the 7th International Day of Yoga in the Lao PDR this year. The first two events were in online mode. On Jun 13, the embassy organized a curtain raiser with a Yoga session conducted by the Isha Foundation of India. Then, on the main IDY itself, i.e. Jun 21, the embassy organised a Yoga session in collaboration with Indian Yoga Studio, Vientiane.

Source: Lao News Agency

Vietnam’s Ninh Binh donates VND 500 million to support Covid-19 fight in Oudomxay

Representing people and authorities of Ninh Binh Province, Vietnam, General Consul of Vietnam in Luang Prabang Mr Nguyen Dang Hung has donated VND 500 million (approximately 200 million LAK) to support Covid-19 response efforts in Oudomxay province.

At a handover ceremony held in Oudomxay on Jun 29, Oudomxay Governor Bounkong Lachiemphone expressed thanks to the Vietnamese people and authorities for their generous assistance to help fight Covid-19 in the northern province of Laos.

Source: Lao News Agency

Twenty-five new cases of COVID-19 reported

Twenty-five new cases of COVID-19 infection have been reported today, bringing the total number of infections in the country to 2,101, according to the National Taskforce Committee for Covid-19 Prevention and Control.

The reported included 14 local transmissions – 13 in Vientiane province and one in Vientiane – and 11 imported cases including nine in Champassak, and one each in Savannakhet and Khammuan.

Laos currently has 140 active cases of Covid-19. Some 1,958 COVID-19 patients have recovered from and three people have died of the disease since the first case of Covid-19 was reported in March 2020.

Source: Lao News Agency

Laos, Morocco Exempt Visas for Diplomatic, Official and Service Passport Holders

The Lao PDR and the Kingdom of Morocco signed on 25th June in Bangkok, Thailand a bilateral agreement on visa exemption for holders of diplomatic, official and service passports, as well as a memorandum of understanding between the Moroccan Academy for Diplomatic Studies and the Institute of Foreign Affairs of Laos.

The two documents were signed, respectively on behalf of the Lao Government by Seng Soukhathivong, Ambassador of Laos to Thailand, and on behalf of the Government of the Kingdom of Morocco by the Ambassador of His Majesty the King to Thailand, Laos, Cambodia and Myanmar, Abdelilah El Housni.

This visa exemption agreement for holders of diplomatic, official and service passports is intended to ensure the mutual exemption of visa during the entry, transit and stay in the other country for a period not exceeding 30 days, for the nationals holding these types of passports and whose validity exceeds six months.

With the signing of this agreement, the four accreditation countries covered by the embassy of the Kingdom of Morocco in Bangkok are now bound by Visa exemption agreements for holders of diplomatic, official and service passports (Thailand in 2015, Myanmar and Cambodia in 2017 and Laos in 2021).

Regarding the Memorandum of Understanding between the Moroccan Academy for Diplomatic Studies and the Institute of Foreign Affairs of Laos, it aims to establish mutually beneficial cooperation between the two institutions in terms of training and research, by offering the appropriate frame of reference for the organization of diplomacy training sessions for the benefit of young diplomats from both countries, as well as the exchange of experiences and publications in several areas, including diplomatic training.

This MoU will constitute a cooperation mechanism between the two institutions and will serve as a basis for the consolidation of previous actions, such as the special training session organized in 2015 by the Moroccan Academy for Diplomatic Studies and in coordination with the Moroccan International Cooperation Agency for the benefit of 15 Lao diplomats.

The signing of the two documents constitutes an important step in strengthening the positive dynamic which has marked exchanges between the two countries over the past few years and marks the desire to further enhance bilateral relations as well as the need to enrich and expand cooperation.

The signing of these documents is part of the effective implementation of the will of His Majesty King Mohammed VI to move forward in the consolidation of relations between Morocco and Laos at the bilateral and regional level.

It also testifies to the determination of the Kingdom to diversify its partnerships with ASEAN countries in general and with Laos in particular through the establishment of legal frameworks with the aim of enhancing bilateral cooperation.

Source: Lao News Agency