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

Leicester boss Rodgers backs Vardy to end goalless run

first_imgLeicester manager Brendan Rodgers is confident Jamie Vardy will end his current drought and reach a century of Premier League goals. Jamie Vardy has scored just one goal in his past 12 games The former England forward, 33, has scored 97 times in the top-flight but has failed to find the net in nine matches in all competitions. Rodgers, whose side travel to bottom side Norwich on Friday, said he had no worries about Vardy’s recent poor for form. “It is only a matter of time before he gets back to scoring goals again,” he said. “He doesn’t look like the nervous type to me.” Vardy found the net in eight successive matches from mid-October through to early December but has just one goal in his past 12 games. “Sometimes you get a run like it,” Rodgers said. “Probably when he came back from his (glute) injury (in late January) he was maybe not quite up to speed. “But I thought against Manchester City (in Saturday’s 1-0 home defeat), you saw the return of that running power and speed. “I have no doubt he will get the goals and beyond that. You don’t force it, you don’t put the pressure on, he knows that is his job. As long as he is contributing, then I’m fine.” Loading… Promoted ContentThe Funniest Prankster Grandma And Her Grandson9 Facts You Should Know Before Getting A Tattoo8 Amazing Facts About Ancient EgyptWho’s The Best Car Manufacturer Of All Time?Fantastic-Looking (and Probably Delicious) Bread ArtCan Playing Too Many Video Games Hurt Your Body?Best & Worst Celebrity Endorsed Games Ever MadeEver Thought Of Sleeping Next To Celebs? This Guy Will Show You33 Celebs Photos From Their Childhood: Will You Recognize Them?Couples Who Celebrated Their Union In A Unique, Unforgettable Way7 Black Hole Facts That Will Change Your View Of The Universe7 Of The Wealthiest Universities In The World Read Also: Liverpool post healthy profit despite transfer spending “You have threats from various parts of the team, and for long periods of this season we had a central threat with Jamie, and other guys were working hard, and they started to contribute, but it’s dried up a little bit,” he said. “It’s a team responsibility. The strikers are important, but there are other things. “Look at Roberto Firmino at Liverpool – he’s scored 10, but you look at his influence in the team and what he gives and allows to the other players.” FacebookTwitterWhatsAppEmail分享 Vardy’s drought has coincided with Leicester’s inconsistent form since mid-December. They have collected just 15 points from the past 36 on offer. Former Celtic boss Rodgers said his side, third in the Premier League table, could not afford to rely on Vardy’s goals.last_img read more

Distance runners overshadow jumpers and sprinters

first_imgThe number of Syracuse’s jumpers and sprinters can be counted on two hands and it’s a concerted effort by the coaching staff. The Orange is known for its distance team, and head coach Chris Fox has created that dynamic.“We don’t even look at throwers or pole vaulters,” Fox said.Even coming off a national championship in cross country and an Atlantic Coast Conference indoor title, where three of his hurdlers finished in the top four, Fox’s jumpers and sprinters are still overlooked. He focuses on recruiting distance runners while SU assistant coach Dave Hegland recruits hurdlers. Distance runners and hurdlers like Justyn Knight, Freddie Crittenden and Colin Bennie have become household names among the nationwide track and field community, casting a shadow over the rest of the roster.With just four sprinters on the team, Winston Lee, a junior sprinter who finished fifth at the ACC indoor championship in the 60-meter dash, tries to manage the hand dealt to him. He has clocked the best times among the sprinters on the team and knows that he can’t slip up if he wants to get the attention he hopes for.“I think it does bring added pressure,” Lee said of having so few sprinters, “and it is important for me to keep improving so that I don’t fly under the radar.”AdvertisementThis is placeholder textIf there were more on the team, Lee said he would be a better sprinter. But he also knows there’s nothing he can do about it.Jabari Butler, the top high jumper for SU, had a similar outlook as Lee. The senior believes that adding more jumpers would be beneficial to him, especially someone better than him because it’d push him to compete to be the best.“As you can see with the hurdlers, Freddie (Crittenden) makes the younger guys better,” Butler said.Young runners like Chevis Armstead, Richard Floyd and David Gilstrap have Crittenden to look to for tips, training advice and competition. Butler did not have that luxury when he came to SU. Frank Taylor and Will Watson, both jumpers, helped him out when he began his high-jump career for the Orange. But Taylor and Watson weren’t high jumpers. Unlike Armstead, Floyd and Gilstrap, Butler was on his own.Part of the reason for the makeup of the roster is because of the team’s facilities, Hegland said. High jumpers, for example, only get to actually jump in meets once a week.Despite competing in different events, Lee and Butler are often training together. Hegland coaches the hurdlers, sprinters and jumpers. At practice the three groups often do the same exact workout.Butler doesn’t need to be high jumping two to three times per week, Hegland said. His training is more effective working with the sprinters and hurdlers rather than individually.The coaching staff must be upfront about the training situation when recruiting, Hegland said.“We have to say that if you are going to come here, you’re primarily going to be training like a sprinter,” Hegland said. “And if you’re not OK with that, then this isn’t the right place to come.”Before coming to Syracuse, Lee knew about SU’s distance program, but didn’t know much about the sprinting department. Butler didn’t even plan on being a high jumper for the Orange.Both ended up competing for SU and both have been successful. But both remain in the shadow of the centerpiece of Syracuse’s program. Comments Related Stories Syracuse specializes in more than just distance running Published on April 26, 2016 at 11:17 pm Contact Matt: mdliberm@syr.educenter_img Facebook Twitter Google+last_img read more