EC’s Long-Term Investment Funds should adopt ‘comply or explain’ on SRI

first_imgThe European Commission should require asset managers launching European Long-Term Investment Funds (ELTIF) to disclose the social impact of all investments, asset manager Mirova has suggested.Gwenola Chambon, head of infrastructure funds at the Natixis Asset Management subsidiary, said she was “amazed” there seemed to be little interest in enshrining the notion of fostering socially and environmentally sustainable growth as part of ELTIFs’ investment goals, despite the responsible investment (RI) emphasis of the Commission’s Green Paper on Long-Term Investing.She told IPE all parties involved in the development of ELTIFs at first seemed “very enthusiastic” about the inclusion of an RI emphasis.“Now we have ended up with something that is clearly a long-term investment tool, but does not anymore have anything related to that aspect, which is to me very surprising,” she said.  “We end up with a European tool that is there to foster the economy, there to channel long-term funds, yet has nothing to say on that aspect [sustainable investment], which is too bad.”The initial legislative proposal for the ELTIF regulation, published in June last year, noted that “sustainable, smart and inclusive growth” was key to fostering European economic growth less susceptible to systemic risks.Chambon said the least the industry should expect from the Commission was for the regulation to be amended to include a requirement for asset managers launching ELTIFs to disclose their approach to socially responsible investment.“Any asset manager should at least explain how he wants to commit through that tool to social and responsible investment responsibilities – whether it has no particular objective, or whether it has – and if it has, to be very concrete on what it wants to do and what it wants to implement,” she said.She said infrastructure, and particularly social housing, were assets forming the building blocks of a society.“We are creating assets that will have an impact on several generations,” she said. “We can’t afford not to think about the social and responsible impact on our environment and the economy in general.”PensionsEurope has previously suggested the European Investment Bank should offer both capital guarantees and its own expertise to assessing infrastructure projects backed by ELTIFs.last_img read more

Florida judge approves birth certificate listing three parents

first_imgReuters 7 Feb 2013A Florida judge has approved the adoption of a 22-month-old baby girl that will list three people as parents on her birth certificate — a married lesbian couple and a gay man.The decision ends a two-year paternity fight between the couple and a friend of the women who donated his sperm to father the child but later sought a larger role in the girl’s life.The ruling means the child’s birth certificate will include a biological father and both women as parents in an unusual arrangement approved recently by a Miami-Dade Circuit Court judge.The women, Maria Italiano, 43, and Cher Filippazzo, 38, had made several unsuccessful attempts to become parents using fertility clinics.They then turned to Italiano’s hair dresser, Massimiliano Gerina, and asked if he would provide his sperm for artificial insemination.“When push came to shove, they figured he would understand the situation,” said Kenneth Kaplan, an attorney for the women.“The mistake they made, however, was there should have been a written document spelling out what his rights and responsibilities were going to be.”According to Filippazzo, the three reached a verbal agreement before Italiano became pregnant. Filipazzo said the agreement meant she would adopt the baby and the two women, a longtime couple, would raise the child together.But shortly before the baby was born, Gerina decided he wanted to be considered a parent and not a sperm donor. The women disagreed. Under Florida law, sperm donors have no legal rights to children.Gerina hired a lawyer, setting off nearly two years of legal wrangling. read more

Mixed reports on Osimhen and Napoli

first_imgThere are reports Victor Osimhen has put his doubts aside and accepted the move to Napoli, but Nigerian sources continue to insist the Lille forward is undecided. The striker visited Naples and the home of President Aurelio De Laurentiis in Capri earlier this week, as the club put on a charm offensive to convince him to accept. According to Sportitalia, the tactic worked and Osimhen has put the concerns behind him to accept a transfer to the Stadio San Paolo. However, Oma Akatugba of continues to assure Osimhen has not agreed to the move, despite the pressure from both clubs and his own entourage.Advertisement The other issue in play is agreeing a deal with Lille, who are asking for €50m, although claim the request is closer to €80m. read also:‘Victor Osimhen is still a Lille player’ It has been suggested in Italy that they could include full-back Adam Ounas as part of the package. The Algeria international spent last season on loan in Ligue 1 with Nice. FacebookTwitterWhatsAppEmail分享 center_img Loading…last_img read more

Anker Kicks off PreBlack Friday 2018 Deals with Never Before Seen Discounts

first_imgYou’ve been waiting for these deals to arrive and Anker has delivered. The pre-Black Friday 2018 deals from Anker are now live and there are some great discounts to be had here.Bluetooth Speakers, Lightning Cables, Projectors, Dash Cams, Wireless Chargers and More Discounted Ahead of Black FridayWith Black Friday 2018 less than a week away, companies have turned their focus towards meaningful deals that lead up to the big day. Anker is one of those companies and they are building up hype by offering some mega discounts on products that offer extreme value for money even with the price cut not applied. But since we are dealing with Anker here, you can rest assured that your wallet won’t feel the weight of anything at all regardless of what time it is.What do we have on offer today? Well, several products really. This includes Lightning cables, dash cams, high-end multimedia projectors, Bluetooth speakers and more. Let’s dive into the list and see first-hand how much money the deals are going to save us.Motion Q Bluetooth Speaker – Was $45.99, Now just $35.97Roav DashCam A1 – Was $55.49, Now just $43.59 with discount code ROAVAA224-in-1 USB-C Hub – Was $35.99, Now just $25.99 with discount code ANKERC832Nebula Prizm Projector – Was $149.99, Now just $87.99Nebula Prizm II LCD Projector – Was $299.99, Now just $249.99 with discount code NEBULAL2PowerLine II 6-feet Lightning Cable – Was $12.99, Now just $10.19PowerWave 10W Stand – Was $29.99, Now just $23.79Eufy SpaceView Baby Monitor – Was $179.99, Now just $129.99 with discount code EUFYNNMMRemember one thing, these deals are from Anker which means that there is a lot more to come as time passes by. Therefore keep an eye out for more deals as they go live in the coming days. In the meantime, you can have a glance at the following deals and wait for more stuff to arrive too. Don’t worry, we’ll keep you updated as ever.Do check out the following deals as well:Black Friday 2018 Deal: SanDisk 128GB microSD Card for $19.99, 256GB for $44.99Amazon Has Discounted Several Great Android Smartphones for Black Friday 2018 [Limited Time Only] Share Tweet Submitlast_img read more