Beyond economic sustainability: embedding social and environmental values in the governance of responsible investment

The transition of global financial markets towards investment models that incorporate environmental and social dimensions is now well underway. This paper discusses the evolution of contemporary responsible investment (RI) and its relationship to sustainable development and environmental social governance(ESG). In the conception of ESG presented here, various well-known institutional arrangements, most notably interest representation, accountability and transparency, decision-making, and implementation are linked to the structures and processes of governance. Using a hierarchical framework of principles, criteria and indicators (PC&I), the paper presents a means for evaluating RI by way of an analysis of stakeholder perceptions regarding the sector’s governance quality. It concludes with some observations on the challenges confronting RI, notably the need for universally consistent quality of governance standards

Development of draft quality-of-governance standards for climate change mitigation and beyond: groundtruthing of developed verifiers in REDD+ pilot area, Nepal

Governance has been identified as central aspect of sustainable forest management. While all participants within the forest policy arena would agree with this observation, it has been less easy to determine how best to evaluate forest governance. Building on the work of the 1992 UN Statement of Forest Principles, and using a hierarchical framework of principles, criteria and indicators (PC&I), Dr Cadman has developed a consistent approach to evaluating forest governance at the global, regional, national and local levels. Tim and Tek applied their work to a range of global policy mechanisms, including REDD+, and has been used by the forest sector in developing countries (Nepal) to develop on-the-ground standards for evaluating REDD+ effectiveness and governance quality

The role of fiscal instruments in encouraging the private sector and smallholders to reduce emissions from deforestation and forest degradation: Evidence from Indonesia

While developing countries around the world are preparing to implement REDD+, there is a debate on the possible role of fiscal instruments in encouraging the private sector and smallholder stakeholders in reducing emissions. Drawing on a case of Indonesia, an early leader on REDD+, this paper investigates the role of fiscal instruments in encouraging the private sector to reduce forest-based emissions and the implications for improving the forest sector governance. In particular the study highlights the perspectives of a range of forest sector stakeholders on the role of fiscal instruments that contribute either positively or negatively to reducing emissions from deforestation and forest degradation in Indonesia. The study comprised a review of the existing instruments in Indonesia, as well as surveys and interviews. An online survey and structured face-to-face interviews were conducted with a range of forest sector stakeholders, including government, civil society, academia, and palm oil concession holders. Findings indicate that there is a range of formal and informal fiscal instruments at the various jurisdictional levels, and a variety of incentives and disincentives. More emphasis on cross-sectoral co-ordination, alternatives to commodities such as palm oil, and continued land reform, is required

The observational impact of dust trapping in self-gravitating discs

We present a 3D semi-analytic model of self-gravitating discs, and include a prescription for dust trapping in the disc spiral arms. Using Monte-Carlo radiative transfer we produce synthetic ALMA observations of these discs. In doing so we demonstrate that our model is capable of producing observational predictions, and able to model real image data of potentially self-gravitating discs. For a disc to generate spiral structure that would be observable with ALMA requires that the disc's dust mass budget is dominated by millimetre and centimetre-sized grains. Discs in which grains have grown to the grain fragmentation threshold may satisfy this criterion, thus we predict that signatures of gravitational instability may be detectable in discs of lower mass than has previously been suggested. For example, we find that discs with disc-to-star mass ratios as low as $0.10$ are capable of driving observable spiral arms. Substructure becomes challenging to detect in discs where no grain growth has occurred or in which grain growth has proceeded well beyond the grain fragmentation threshold. We demonstrate how we can use our model to retrieve information about dust trapping and grain growth through multi-wavelength observations of discs, and using estimates of the opacity spectral index. Applying our disc model to the Elias 27, WaOph 6 and IM Lup systems we find gravitational instability to be a plausible explanation for the observed substructure in all 3 discs, if sufficient grain growth has indeed occurred.Comment: 19 pages, 21 figures, accepted for publication in MNRA

Developing forest-sector and REDD+ governance: a multi-stage, multi-level and multi-stakeholder approach in Nepal

This article focuses on the governance of forest carbon emissions projects and policies. It explores how the development of standards through multi-stage, multilevel and multi-stakeholder processes can contribute to ensuring good governance. It argues that a governance standard, which is developed through a multi-stakeholder process at different levels (local, national and international) and in several stages, provides legitimacy to forest carbon emissions trading

The role of school enjoyment and connectedness in the association between depressive and externalising symptoms and academic attainment:Findings from a UK prospective cohort study

BACKGROUND: Previous research on the relationship between children's depressive and externalising symptoms, experience of school, and academic attainment is inconclusive. The aims of this study were (i) to test bidirectional associations between children's school experience and depressive and externalising symptoms at age 10-11 and 13-14, (ii) to ascertain whether school experience age 13-14 is associated with academic attainment age 16, and (iii) to test whether school experience mediates the relationship between depressive or externalising symptoms and attainment. METHODS: Data was used from the Avon Longitudinal Study of Parents and Children (n=6,409). A cross-lagged model was used to investigate bidirectional associations between school experience (enjoyment and connectedness) and depression and externalising at age 10-11 and 13-14. The same framework was used to test if school experience aged 13-14 mediated associations of depressive and externalising symptoms with later attainment. RESULTS: Depressive and externalising symptoms at 10-11 were negatively associated with school connectedness (depressive: standardised β=-0.06, CI: -0.11, 0.01; externalizing: β=-0.13, CI: -0.17, -0.08), and school enjoyment at 13-14 (depressive β=-0.04, -0.08, 0.03; externalising: β=-0.08, CI: -0.13, -0.03). School enjoyment at 13-14 was positively associated with attainment at 16 (β=0.10, CI: 0.04, 0.15), and partially mediated associations between depressive and externalising symptoms at 10-11 and attainment at 16 (depressive: proportion mediated 2.2%, CI: -1.5, 5.9; externalising: proportion mediated; 4.7%, CI: 0.7, 10.1,). LIMITATIONS: Results may be subject to residual confounding. CONCLUSIONS: School enjoyment is a potentially modifiable risk factor that may affect educational attainment of adolescents with depressive or externalising symptoms

Koalas – agents for change : a case study from regional Victoria

We investigated the success of the Koala Conservation and Education Program conducted in Ballarat, Victoria, Australia from 2000-2009 by interviewing 28 individuals, from various stakeholder groups involved in the project. Transcripts were analysed using grounded theory to identify common themes, keywords and phrases. We conclude that the chosen ‘flagship’ species, the koala, was crucial for the success of the project which culminated in the adoption of the Koala Plan of Management and habitat overlays into the City of Ballarat’s planning scheme. Local people were concerned about the koala based on its conservation status nationally and globally rather than because of its local or Victorian status. We conclude that the concept of 'flagship' species in the case of the koala, is more a global than a local construct

Parental monitoring longitudinally associates with reduced risk of adolescent mental health problems

Introduction: Prior research examining the impact of parenting on adolescent mental health has been limited by the use of cross-sectional designs and small or clinical samples. Methods: We used data (N = 6,212) from the Avon Longitudinal Study of Parents and Children, a UK-based birth cohort study. Results: We found longitudinal evidence that parental monitoring in late childhood/early adolescence (ages 9.5–13.5), but not the emotional quality of the parent-child relationship, reduces the likelihood of offspring major depressive disorder (Odds Ratio (OR) = 0.64, 95% Confidence Interval (CI) = 0.56 – 0.76), anxiety disorder (OR = 0.60, 95% CI = 0.53 – 0.69), and self-harm (OR = 0.65, 95% CI = 0.57 – 0.75) at age 18. Associations did not vary according to adolescent sex. Discussion: Findings indicate that parenting monitoring may be important for later adolescent mental health. Future research is needed to understand why this aspect of parenting is associated with better adolescent outcomes

Stakeholder perspectives on the effectiveness of governance in red panda conservation programmes in Nepal: a comparative analysis

This paper investigates the views of multi-stakeholders on the governance quality of existing forest management strategies for red panda (Ailurus fulgens) protection in Nepal, focusing on forest governance in general, red panda conservation programmes and natural habitat protection in particular. The study deployed two surveys in August and September 2020. The first survey was conducted online for the stakeholders with internet access; for those without, it was conducted over the phone. While the results reveal almost similar perspectives among the stakeholders regarding the effectiveness of the red panda management approaches, they differ significantly between the online survey and telephonic survey, in terms of the relative scores given to these initiatives. In depth, follow-up interviews revealed that marginalised groups had little access to income generation from conservation activities and few capacity-building opportunities. These findings indicate that while management strategies for red panda conservation were generally considered effective by online survey participants which are generally more privileged, this is less effective for marginalised people. Local people, who are typically resource-poor and reliant on the forest, continue to endure inequitable resource distribution and benefit sharing. Consequently, greater attention should be paid to balancing the conservation needs and basic needs of forest-dependent communities through capacity building, income generation and alternative sources of livelihood