30 Amendments of Olivier CHASTEL related to 2020/2124(INI)
Amendment 10 #
Motion for a resolution
Citation 20 a (new)
Citation 20 a (new)
— having regard to the European Parliament Resolution of 13 January 2020 on institutions and bodies of the Economic and Monetary Union: preventing post-public employment conflicts of interest;
Amendment 11 #
Motion for a resolution
Citation 20 b (new)
Citation 20 b (new)
— having regard to the 22 July 2016 letter from the Ombudsman to the President of the EIB on conflict of interest issues and the President of the EIB´s reply of 31 January 2017;
Amendment 12 #
— having regard to the Recommendation of the Ombudsman in case 2168/2019/KR on how the European Banking Authority handled the move of its former Executive Director to become CEO of a financial industry lobby;
Amendment 13 #
Motion for a resolution
Citation 20 d (new)
Citation 20 d (new)
— having regard to Counterbalance´s 2019 report "Is the EIB up to the task in tackling fraud and corruption? Challenges for the EU Bank’s governance framework";
Amendment 14 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Welcomes the ambitions of the EIB Group in reaction to the COVID-19 crisis aiming at general economic recovery, creation of employment, support of vulnerable SMEs, investment in healthcare sector and research;
Amendment 20 #
Draft opinion
Paragraph 2
Paragraph 2
2. Reiterates that all financial flows of the European Investment Bank (EIB) Group should be fully consistent with the goal of achieving net zero emissions by 2050 at the latest and the Union’s new climate objective for 2030; looks forward to the adoption in 2020 of an ambitiouswelcomes the adoption of the Climate Bank Roadmap 2021-25 (CBRM), which is to include a detailedreconfirms the EIB´s lasting commitment to align all its operations with the objectives of the Paris Agreement, and which includes a strategic and operational framework with milestones and a proposed shadow carbon price of at least EUR 100/tonne by80 EUR/t in 2020, rising to 250 EUR/t in 2030 and up to 800 EUR/t in 20250; calls foron the EIB to request all financial intermediaries and corporate clients to have a decarbonisation plan in place as soon as possible and by the end of 20215 at the latest;
Amendment 28 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2 b. Expects the EIB Group to support by its new operations the goals of the EU Chemical Strategy for Sustainability by boosting innovation for safe and sustainable-by-design chemicals, materials and products, Circular Economy Action Plan based on non-toxic material cycles and upcoming Zero Pollution Action Plan for water, air and soil;
Amendment 29 #
Draft opinion
Paragraph 2 c (new)
Paragraph 2 c (new)
2 c. Welcomes the support of the EIB for the development and expansion of renewable energy sources, including geothermal; calls, however, for refraining from support of projects at increased risk of doing harm to the environment and biodiversity-rich areas and for improving disclosure of information and due diligence on projects which it supports;
Amendment 30 #
Draft opinion
Paragraph 2 d (new)
Paragraph 2 d (new)
2 d. Encourages the EIB to facilitate by its operations the implementation of goals set within the European Green Deal and its Farm to Fork strategy and Biodiversity Strategy to 2030; calls on the EIB and Member States to follow the precautionary principle, apply necessary safeguards and support operations delivering transition towards sustainable agriculture and management of natural resources with respect to planetary boundaries;
Amendment 31 #
Draft opinion
Paragraph 2 e (new)
Paragraph 2 e (new)
2 e. Acknowledges the challenges and progress achieved during the implementation of the Natural Capital Financing Facility; calls on the EIB to consider providing a grant component under the Facility to support initial scaling up of local projects and facilitate generating revenues; believes that an evaluation of the Facility should be embedded in a broader assessment of the EIB on how to support ecosystem and biodiversity restoration in the EU;
Amendment 36 #
Draft opinion
Paragraph 3
Paragraph 3
3. Expects the EIB to comply with Articles 11 and 191 of the Treaty on the Functioning of the European Union and to put on hold disbursement, and, if necessary, to withdraw funding, if there is evidence or a serious risk of adverse impacts; expects the EIB to conduct thorough monitoring that fully takes into account concerns expressed by concerned parties and stakeholders, in particular those pertaining to human rights violations;
Amendment 45 #
Draft opinion
Paragraph 4
Paragraph 4
4. ExpectsBelieves that the CBRM and the EIB’s revised transport lending policy may not to fall below the standard of EU taxonomy; calls for no new loans to be granted that hinder the decarbonisation of transport, and, in particular, no new financing to be awarded for the expansion of airports, for increased road capacity, for port expansions in Europe and related infrastructure or for the shipping of liquefied natural gas; recommendations of the Technical Expert Group on Sustainable Finance1a and must apply the Do No Harm principle; calls for no new loans to be granted that hinder the decarbonisation of transport or transition towards sustainable, affordable and zero carbon mobility; highlights the need to ensure full alignment of EIB activities in the area of mobility with the EU climate goals; _________________ 1a https://ec.europa.eu/info/sites/info/files/bu siness_economy_euro/banking_and_finan ce/documents/200309-sustainable- finance-teg-final-report-taxonomy_en.pdf
Amendment 50 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Asks the EIB as the EU’s public bank to make the utmost concerted efforts to deliver strong, policy-driven financing activity which gives priority to public purpose projects, in particular those that would not otherwise be ‘bankable’, both within and outside the EU, with a view to addressing the unprecedented global challenges of the decades to come, in particular combating climate change and the debt crisis in the European Union;
Amendment 51 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Acknowledges the importance of technical assistance which can facilitate balanced geographical allocation of investments and optimal absorption of EU funds; believes that current annual target for cohesion lending of 30% of all new operations can serve as a solid stepping- stone for increased investment activities leading to economic, social and territorial cohesion;
Amendment 55 #
Draft opinion
Paragraph 4 c (new)
Paragraph 4 c (new)
4 c. Encourages the EIB to design its new Transparency Policy in a way that enhances transparency and access to information regarding the contracting and subcontracting system, the results of internal investigations and the selection, monitoring and evaluation of its activities and programmes; calls on the EIB to publish the monitoring reports and promoter’s reports immediately after their receipt;
Amendment 61 #
Draft opinion
Paragraph 5
Paragraph 5
5. Welcomes the review of the EIB Environmental Social Standards and calls for a wide and inclusive public consultation; expects all projects to include sound pollution prevention and biodiversity proofing, more comprehensive gender and human rights dimensions and due diligence obligations; calls for the EIB to publish ‘Know Your Customer’ checks before approving any project.
Amendment 63 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Believes that the EIB should ensure the highest level of integrity of its financial intermediaries, and that their loans should become subject to the same transparency requirements as other types of loan; calls on the EIB to regularly publish the allocation list of final beneficiaries of intermediary finance operations; calls on the EIB to amend the "EIB template contractual clauses on environmental matters" and accordingly the contracts with the financial intermediaries so that there are clear requirements as to what environmental information needs to be collected by the financial intermediary and passed onto the Bank for publication; calls on the EIB to cease working with financial intermediaries with a negative track record as regards transparency, fraud, corruption, organised crime or money laundering, respect for human rights or environmental protection; stresses that such new requirements should not be to the detriment of access to finance for SMEs;
Amendment 70 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5 b. Recognizes the added value of EU Ombudsman investigations which can lead towards more effective and transparent administration; calls in this regard on the EIB to implement recommendations of the EU Ombudsman in good time;
Amendment 72 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Welcomes the EIB’s rapid mobilisation of up to EUR 40 billion of emergency financing to fight the crisis caused by the COVID-19 pandemic, through the setting up of loans, credit holidays and measures to alleviate the liquidity of small and medium-sized enterprises (SMEs) and mid-caps; highlights the importance of supporting SMEs, as the COVID-19 pandemic is particularly hard for these companies; underlines that robust support for SMEs is key for economic growth and to recover from the economic debt crisis;
Amendment 73 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes, in addition, the subsequent creation of the EUR 25 billion European Guarantee Fund (EGF) in response to the COVID-19 crisis, not least its positive impact in providing financial support to SMEs and the health sector; suggests that the EGF should remain operational beyond 2021 given the prolonged impact of the Covid-19 crisis and the repeated lockdowns in many Member States; deems it of the utmost importance to step up such initiatives to ensure that funds are reaching the real economy;
Amendment 75 #
Draft opinion
Paragraph 5 c (new)
Paragraph 5 c (new)
5 c. Calls on the EIB to further reinforce the implementation of its Social Standards and Strategy for Gender Equality and Women’s Economic Empowerment, and allocate the required internal resources accordingly;
Amendment 76 #
Draft opinion
Paragraph 5 d (new)
Paragraph 5 d (new)
5 d. Invites the EIB to hold an interinstitutional exchange of views on its contributions towards tackling global challenges and pursuing common goals, including the Sustainable Development Goals, and to assess the progress made with regards to the Resolution on the financial activities of the EIB – annual report 2019 adopted on 10 July 2020.
Amendment 132 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Considers that investment in innovation, infrastructure and skills are crucial elements to recover from the economic and social crisis, ensure sustainable growth and create high-quality jobs and long-term competitiveness; highlights the importance of the EIB’s role in the success of the InvestEU Programme in the post-pandemic recovery;
Amendment 139 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17 a. Regrets the Council’s rejection of the Commission’s proposal for a Solvency Support Instrument and stresses the importance of supporting companies that, in the absence of the Covid-19 pandemic, would otherwise be thriving;
Amendment 156 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Calls on the EIB to play a role in assisting and financing the creation of innovation ecosystems and knowledge economies, and in promoting place-based industrial transformation, where universities, businesses, SMEs and start- ups can develop long-lasting partnerships for the common good and that can make a meaningful contribution to achieving the objectives of the Green Deal and the digitalisation of the economy;
Amendment 163 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21 a. Acknowledging that the COVID- 19 crisis had a disproportionate impact on certain parts of society, urges the EIB to prioritise projects that seek to address inequalities, including gender inequalities and amongst marginalised communities;
Amendment 181 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24 a. Calls for the EIB to strengthen human rights due diligence for projects in third countries, for example by carrying out ex-ante human rights risk assessments and engaging with the local communities; moreover, the EIB should strive to continuously monitor the human rights situation on the ground;
Amendment 203 #
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27 a. Welcomes the EIB’s internal review and revision of its Anti-Fraud Policy and its intentions to elevate the policy to the group level, thereby applying to both the EIB and the EIF; urges the EIB to take an ambitious and broad approach to this review; stresses the importance of the EIB’s anti-fraud investigative office to have robust competences, sufficient resources and independence; calls on the EIB to enhance its cooperation with OLAF and the EPPO;
Amendment 209 #
Motion for a resolution
Paragraph 27 b (new)
Paragraph 27 b (new)
27 b. Stresses that the EIB should make full use of contractual clauses enabling it to suspend disbursements in cases of projects’ non-compliance with environmental, social, human rights, tax and transparency standards;
Amendment 236 #
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30 a. Denounces the conflict of interest that has arisen as a consequence of the appointment of the former EIB Vice- president as a member of Iberdrola´s Board of Directors; notes that this post- public employment with barely any cooling-off period constitutes a risk not only to the reputation and independence of the EIB but to all EU institutions and the European project as a whole; highlights that unaddressed conflict of interest situations might not only compromise the enforcement of high ethical standards throughout European administration, but also jeopardise the right to good administration, threatening the level playing field required for the proper functioning of the single market; demands that the Ethics and Compliance Committee (ECC) explains its decision to allow such a move; recalls that the European Ombudsman found that the EBA´s decision not to forbid its Executive Director from becoming the CEO of a financial industry lobby was maladministration and that forbidding the job move would have been a necessary and proportionate measure;