12 Amendments of Mady DELVAUX related to 2018/2007(INI)
Amendment 6 #
Motion for a resolution
Citation 7 a (new)
Citation 7 a (new)
- having regard to the Luxembourg- EIB Climate Finance Platform established in September 2016,
Amendment 42 #
Motion for a resolution
Recital A
Recital A
A. whereas the power of finance can and should be used to facilitate the transition to a sustainable economy in the EU which extends beyond the climate transition into other areas of ecological crisiand ecological issues and also concerns social and governance issues;
Amendment 53 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
B a. whereas the notion of profitability is focussed on short-term returns and sustainable investments would profit from a more long-term perspective;
Amendment 55 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
B b. whereas institutional and retail investors are showing increased interest in investing in products observing ESG criteria;
Amendment 56 #
Motion for a resolution
Recital B c (new)
Recital B c (new)
B c. whereas increased transparency of ESG-related data on companies is needed to prevent "green-washing";
Amendment 57 #
Motion for a resolution
Recital B d (new)
Recital B d (new)
B d. whereas criteria on climate- mitigating investments seem most advanced and can be a good starting point, sustainable finance goes beyond climate and green investments and should quickly also take social and governance criteria on board;
Amendment 58 #
Motion for a resolution
Recital B e (new)
Recital B e (new)
B e. whereas impact evaluation should be part of the taxonomy of sustainable financial products; whereas there is a growing expertise in how to calculate the impact of investments on ESG goals;
Amendment 123 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Calls on the Commission to lead a multi-stakeholder process to establish by the end of 2019 a robust and credible green taxonomy, including a ‘Green Finance Mark’, through a legislative initiative; insists that, in a second step, further taxonomies need to be developed to cover all areas of ESG;
Amendment 151 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Welcomes the recent inclusion of sustainability issues in the PRIIPs and STS Regulations, as well as in Shareholders Rights Directive and the NFRD; applauds the inclusion in the IORPs Directive of recognition of stranded assets; asks for the transversal integration of sustainable finance criteria in all legislation related to the financial sector; suggests the revision of MiFID II's delegated act to explicitly include investors' preferences on sustainability;
Amendment 185 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Emphasises that disclosure is a critical enabling condition for sustainable finance; applauds the work of the Taskforce on Climate-related Financial Disclosure (TCFD) and calls on the Commission and the Council to explicitly endorse its recommendations and to explore how to expand disclosure requirements to all areas of ESG; urges the Commission to include mandatory disclosure in the framework of the revision of the Accounting Directive and the NFRD; is of the opinion that such disclosure requirements should be streamlined globally;
Amendment 238 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Notes the urgent need for a uniform minimum standard for green bonds; insists that such green bonds should include periodic reporting on the environmental impacts of the underlying assets; underlines that green bonds should also respect negative criteria and must not include any form of fossil fuel asset, nuclear power or investment in aviation infrastructure;
Amendment 256 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls on the Commission to establish a legally binding labelling systemn ESG label system, based on best practices from Member States, such as LuxFlag, FNG, Climetrics, SEImetrics and TEEC, available for personal bank accounts, investment funds, insurance, and financial products indicating their level of conformity with the Paris Agreement and ESG goals;