3 Amendments of Doru-Claudian FRUNZULICĂ related to 2018/2007(INI)
Amendment 62 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. SRecalls the need to improve the contribution of finance to sustainable and inclusive growth and to accelerate the shift to a low-carbon and resource efficient economy; stresses the potential of a faster green transition as an opportunity for orienting capital markets towards long- term, innovative and efficient investments; notes that environmental, social and governance (ESG) benefits and risks are not reflected in prices and that this provides a market advantage to unsustainable and short-termist geared finance; stresses that a political and regulatory framework to govern sustainable finance is overdue;
Amendment 77 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Underlines that the financial sector has a critical role to play in the process of accelerating the transition towards a low-carbon, more resource- efficient and sustainable economy;
Amendment 82 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses that the financial sector as a whole and its core function of allocating capital to benefit society should be governed by the values of equity and sustainability; taking into account environmental, social and governance considerations; emphasises in that respect the instrumental role of economic, fiscal and monetary policy in fostering sustainable finance by facilitating capital allocation, by re-orienting investments towards more sustainable technologies and businesses, to decarbonised and resource- efficient economic activities which are able to reduce the current need for future resources and thereby capable of meeting EU sustainability goals; insists that a substantial price for greenhouse gas emissions is a key component of a functioning and efficient environmental and social market economy;