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13 Amendments of Jessica STEGRUD related to 2021/0191(COD)

Amendment 218 #
Jessica STEGRUD
Proposal for a regulation
Recital 1 a (new)
(1a) The label “green” suggests that an activity is either environmentally responsible - or not. This implies an oversimplification of a variety of complex issues.
2022/01/20
Committee: ECON
Amendment 219 #
Jessica STEGRUD
Proposal for a regulation
Recital 1 b (new)
(1b) Sustainability is a complex issue, not suitable for a binary definition. In addition to emissions of greenhouse gases, issues such as raw material consumption, biodiversity and many other factors should be taken into consideration. Furthermore, environmental challenges differ significantly between countries.
2022/01/20
Committee: ECON
Amendment 220 #
Jessica STEGRUD
Proposal for a regulation
Recital 1 c (new)
(1c) The political process should not attempt to divide economic activities into “green” and “non-green” activities, since investment will be needed also in critical - potentially non-green - sectors, for modernisation, development, innovation and reduction of harmful emissions.
2022/01/20
Committee: ECON
Amendment 221 #
Jessica STEGRUD
Proposal for a regulation
Recital 1 d (new)
(1d) The market, consisting of investors, companies, consumers and consumer organisations, should indeed be encouraged to pursue a voluntary dialogue about the ethics of business. Legislators, however, should in the first place focus on defining what is legal and illegal.
2022/01/20
Committee: ECON
Amendment 222 #
Jessica STEGRUD
Proposal for a regulation
Recital 1 e (new)
(1e) When politicians are to define what is “green”, they will immediately be pressurised by interest groups, which would influence the political process. It is therefore highly questionable whether the regulator should make this distinction at all.
2022/01/20
Committee: ECON
Amendment 223 #
Jessica STEGRUD
Proposal for a regulation
Recital 1 f (new)
(1f) Considering that some investments will be labelled as sustainable, this taxonomy should not encourage investors to divert capital to the construction of intermittent power sources that undermine the stability of electricity supply.
2022/01/20
Committee: ECON
Amendment 224 #
Jessica STEGRUD
Proposal for a regulation
Recital 1 g (new)
(1g) Considering that some investments will be labelled as sustainable, this taxonomy should not encourage investors to contribute to rampant consumption of rare raw materials such as cobalt, which makes the market more dependent on authoritarian regimes.
2022/01/20
Committee: ECON
Amendment 225 #
Jessica STEGRUD
Proposal for a regulation
Recital 1 h (new)
(1h) Considering that some investments will be labelled as sustainable, it is important to include nuclear power in this green taxonomy.
2022/01/20
Committee: ECON
Amendment 226 #
Jessica STEGRUD
Proposal for a regulation
Recital 1 i (new)
(1i) Considering that some investments will be labelled as sustainable, principles such as the "do no significant harm- principle", as referred to in Regulation (EU)2019/2088, should not be included.
2022/01/20
Committee: ECON
Amendment 313 #
Jessica STEGRUD
Proposal for a regulation
Recital 21
(21) To improve transparency on how external reviewers reach their conclusions, to ensure that external reviewers have adequate qualifications, professional experience, and independence, and to reduce the risk of potential conflicts of interests, and thus to ensure adequate investor protection, issuers of European green bonds should only make use of external reviewers, including from third-countries, that have been registered and are subject to ongoing supervision by the European Securities and Markets Authority (ESMA).deleted
2022/01/20
Committee: ECON
Amendment 316 #
Jessica STEGRUD
Proposal for a regulation
Recital 25
(25) It is necessary to avoid divergent applications of this Regulation by national competent authorities. At the same time, it is necessary to lower transaction and operational costs of external reviewers, to strengthen investor confidence and to increase legal certainty. It is therefore appropriate to give ESMA general competence for the registration and ongoing supervision of registered external reviewers in the Union. Entrusting ESMA with the exclusive responsibility for those matters should ensure a level playing field in terms of registration requirements and on-going supervision and eliminate the risk of regulatory arbitrage across Member States. At the same time, such exclusive responsibility should optimise the allocation of supervisory resources at Union level, thus making ESMA the centre of expertise and enhancing the efficiency of supervision.deleted
2022/01/20
Committee: ECON
Amendment 319 #
Jessica STEGRUD
Proposal for a regulation
Recital 26
(26) ESMA should be able to require all information necessary to carry out its supervisory tasks effectively. It should therefore be able to demand such information from external reviewers, persons involved in external review activities, reviewed entities and related third parties, third parties to whom the external reviewers have outsourced operational functions and persons otherwise closely and substantially related or connected to external reviewers or external review activities.deleted
2022/01/20
Committee: ECON
Amendment 320 #
Jessica STEGRUD
Proposal for a regulation
Recital 27
(27) To enable ESMA to perform its supervisory tasks, and in particular to compel external reviewers to put an end to an infringement, to supply complete and correct information or to comply with an investigation or an on-site inspection, ESMA should be able to impose penalties or periodic penalty payments.deleted
2022/01/20
Committee: ECON
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