38 Amendments of Olivier CHASTEL related to 2021/2203(INI)
Amendment 5 #
Motion for a resolution
Citation 35 a (new)
Citation 35 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 interest1a, _________________ 1a P9_TA(2020)0017
Amendment 6 #
Motion for a resolution
Citation 35 b (new)
Citation 35 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 7 #
Motion for a resolution
Citation 35 c (new)
Citation 35 c (new)
— having regard to the Recommendation of the Ombudsman in case 2168/2019/KR on the European Banking Authority’s decision to approve the request from its Executive Director to become CEO of a financial lobby group,
Amendment 8 #
Motion for a resolution
Citation 35 d (new)
Citation 35 d (new)
— having regard to the case OI/1/2021/KR Inspection report of the Ombudsman on how the European Commission handles the challenge of “revolving door” situations involving its (former) staff members,
Amendment 11 #
Motion for a resolution
Recital A
Recital A
A. whereas the EIB signed loans for EUR 95 billion in 2021; and supported circa 430 thousand SMEs and mid-caps which are the backbone of EU Single Market;
Amendment 13 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas EUR 20.7 billion of the EIB Group’s financing supported innovation, including investment in digitalisation and the promotion of skills and training for the digital world, substantially contributing to EU global competitiveness and employment;
Amendment 15 #
Motion for a resolution
Recital A b (new)
Recital A b (new)
A b. whereas during the Covid pandemic the EIB has signed around EUR 6.3 billion worth of loans as part of the COVID-19 response in the health sector, including projects for health and hospital infrastructure, medical equipment, as well as the strengthening of the medical health system with pandemic preparedness interventions;
Amendment 17 #
Motion for a resolution
Recital A c (new)
Recital A c (new)
A c. whereas the EIB Board of Directors approved the EIB Emergency Solidarity Package for Ukraine on 4 March and subsequent payments totalling €129 million to the Government of Ukraine for the most urgent needs followed;
Amendment 41 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Takes note of the new Environmental and Social Sustainability Framework (ESSF); calls for its swift implementation and for the application of the do no significant harm principle, within the meaning of Art. 17 of Regulation (EU) 2020/852, in all EIB´s operations;
Amendment 43 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Condemns in the strongest possible terms the Russian Federation’s military aggression against and invasion of Ukraine, as well as the involvement of Belarus in this aggression; calls on the EIB to be highly vigilant and follow closely new sanctions and measures agreed by the Member States; believes that in order to ensure full consistency with the aim of EU sanctions all efforts must be made by the EIB and its intermediaries to prevent direct and indirect financing of persons and entities linked to Russian and Belarusian executive and legislative bodies;
Amendment 47 #
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5 b. Calls on the Commission and the Member States to swiftly implement a reporting mechanism with the purpose of informing competent authorities about any and all assets held by Russian and Belarusian natural and legal persons linked to the Putin and Lukashenka regimes in the possession of European financial institutions, including the EIB Group; believes that a failure to report such information by the EIB´s intermediaries or other European financial institutions should be considered an objective reason for the EIB to break any and all contractual links; calls, furthermore, for the extension of the scope of the individual sanction lists to current and past beneficiaries of close connections with the Russian and Belarusian government, not only those responsible for actions against Ukraine;
Amendment 52 #
Motion for a resolution
Paragraph 5 c (new)
Paragraph 5 c (new)
Amendment 54 #
Motion for a resolution
Paragraph 5 d (new)
Paragraph 5 d (new)
5 d. Appreciates the committed readiness of the EIB to finance reconstruction of critical infrastructure needs in Ukraine, including new postwar economic and social projects, such as schools, social housing and hospitals; recognizes that the EIB will play a crucial role in implementing a reconstruction plan for Ukraine when the war is over;
Amendment 60 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the fact that 43 % of lending in 2021 was climate and environment related and applauds the intention to meet the climate lending target in 2022; stresses that the Climate Bank Roadmap (CBR) alone is not enough to ensure alignment with the objective of the Paris Agreement of limiting global warming to 1.5°C; calls for an immediate halt to carbon markets and offsetting and for all action plans for the implementation of the CBR to be made public in due time;
Amendment 61 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Looks forward to the CBR’s mid- term review which must boost the transformation of the institution into genuine climate bank, that at the same time facilitates preserving natural resources and protecting the environment; calls for it to include a solid assessment of less carbon-intensive alternatives and ‘Scope 3’ emissions for each project; expects detailed annual progress reports on the CBR, including the degree to which it is aligned with the Paris Agreement;
Amendment 73 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Expresses, in view of the upcoming review of the energy lending policy, its full support for the statement of President Hoyer: ‘We believe that we have a mission to concentrate on sustainability and achieving the Paris goals with the means of a long-term investor institution.[...] Therefore I don’t see a change in our energy lending policy’; calls foron the EIB to retain the possibility to apply stricter criteria than the EU taxonomyfollow the recommendations of the Platform on Sustainable Finance and finance fossil-free energy only, and in particular to exclude financing for so- called low-carbon gas, especially for district heating, grey or of stranded assets and activities which are incompatiblue hydrogen and forest biomaswith the European Green Deal goals and related EU strategies;
Amendment 77 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Regrets the delays in the transport lending policy review; expects a proposal fully aligned with the 1.5°C target of the Paris Agreement; expects that the EIB loans will lower environmental impact of transport while improving its service and quality, and that no new loans to be granted that hinder transport decarbonisation or the transition towards zero emission mobility;
Amendment 80 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Encourages the EIB to cooperate with local and regional authorities and facilitate financing smaller projects, including community-led initiatives focusing on renewable energy sources, including geothermal, and energy efficiency, with the aim of ensuring an inclusive and just transition;
Amendment 82 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11 b. welcomes the EIB´s decision to provide technical assistance and project financing to the Global Methane Commitment, an initiative to reduce global methane emissions in order to keep the goal of limiting warming to 1.5 degrees Celsius within reach;
Amendment 90 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. Calls on the EIB Group to use its new operations as a way of supporting the goals of the EU Chemicals Strategy for Sustainability, since they would boost innovation for safe and sustainable-by- design chemicals, materials and products, the Circular Economy Action Plan based on non-toxic material cycles and the upcoming Zero Pollution Action Plan for water, air and soil;
Amendment 91 #
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13 b. Recalls the target of the EU Biodiversity Strategy to 2030 to unlock at least EUR 20 billion per year for spending on nature; underlines that society as a whole benefits from nature restoration, which is critical for a wide range of economic sectors, and that the cooperation of Member States with EIB and other financial institutions can be key to close the existing financing gap;
Amendment 95 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Calls for the EIB to only support sustainable agriculture and natural resource management projects that respect planetary boundaries; calls for a ban on supporting all forms of unsustainable industrial farming and farming practices that do not comply with animal welfare standards; , as also laid down in the ANIT Report2a and Recommendations on the Protection of Animals during Transport2b; _________________ 2a A9-0350/2021 2b P9_TA(2022)0015
Amendment 108 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls on the EIB to collect gender- disaggregated data; urges the EIB and to assess the gender impact of projects;
Amendment 110 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16 a. Encourages the EIB to engage even more in a dialogue and consultation with civil society organizations, including dedicated environmental, sustainable transport, energy, conservation, development, sustainable finance and human rights groups;
Amendment 117 #
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16 b. Welcomes the EIB Board of Directors approval of the Bank’s proposal to set up a development branch to increase the impact of its activities outside the European Union in September 2021, through which it can increase its presence on the ground, developing more targeted strategies and services in close cooperation with partners; believes that, through its efforts tackling global challenges and contributing to sustainable growth, the EIB should be contributing to the achievement of the Sustainable Development Goals and pay due attention to human rights, transparency and due diligence;
Amendment 125 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17 a. Recalls that safeguarding human rights and requirements for promoters to conduct human rights impact assessments, responsibility for its financial intermediary investments are preconditions for the EIB to become ‘EIB Global‘;
Amendment 136 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Regrets that the new ESSF includes no significant improvement in human rights protection or procedures to prevent human rights violations; calls for this to be addressed in the statement on human rights; is very concerned that in some cases, the EIB has continued to disburse loans despite clear human rights abusesAppreciates the EIB´s public consultation which led towards the new ESSF; recalls EU´s global commitment to defend and promote human rights which are indivisible, universal and interdependent; calls against the backdrop of several incidents and misunderstandings with local communities on the beneficiary’s side to more carefully prepare project implementing while giving priority to the circumstances and needs at the grassroots-level;
Amendment 140 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18 a. Believes that the implementation of EIB Global should rely on adequate level of staff based outside of Luxembourg headquarters to ensure presence on the ground and effective cooperation with the EEAS and its delegations;
Amendment 141 #
Motion for a resolution
Paragraph 18 b (new)
Paragraph 18 b (new)
18 b. Welcomes the decision of November 2021 on the opening of the EIB’s new Nairobi Hub, facilitating cooperation with Kenyan, African, Team Europe and global partners, contributing towards better reflection of private and public investment priorities, and expanding expertise on climate action, innovation and digital investment;
Amendment 144 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Is very concerned by the decline of transparency at the EIB: in 2010, 96.1 % of allNotes that in 2010, 96.1 % of all projects were published three weeks before Board approval, while the level of transparency decreased to 60 % in 2020; acknowledges, in this regard, that the decline can be justified by the need to projtects were published three weeks before Board approval, falling to only 60 % in 2020 commercially sensitive interest of counterparts, specifically from private sector; reminds the EIB and its counterparts, however, of their special responsibility to be open and transparent, in line with the reporting obligations currently in place, towards EU citizens and the public at large; calls for more transparency and accountability, also towards EU institutions, in particular Parliament;
Amendment 154 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Considers thealls on the EIB to reflect on the critical assessment of its new transparency policy (TP) a major setbackby civil society; regrets that the EIB has tnotally ignored taken into account Parliament’s very clear demands to improve its TP in line with other financial institutions’ best practices and standards, in accordance with reporting obligations currently in place; calls for the TP to be aligned with that of the European Bank for Reconstruction and Development on mandatory disclosure for intermediaries of projects with high environmental risks;
Amendment 157 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Calls, in this regard, for an ambitious standard for financial intermediaries following stringent tax, transparency, environmental and social standards; calls for the EIB to amend its template for contractual clauses on environmental matters and, accordingly, the contracts with financial intermediaries setting requirements on what environmental information must be collected and published in due time;
Amendment 159 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. Urges the EIB to avoid post-public employment without a sufficient cooling- off period as it constitutes a risk not only to the reputation and independence of the EIB but to all EU institutions and the European integration project as a whole; believes, furthermore, that unaddressed conflict of interest situations compromise the enforcement of high ethical standards throughout European administration and jeopardize the right to good administration; finds that robust management of the ‘revolving doors’ issue is important for maintaining trust of EU citizens;
Amendment 162 #
Motion for a resolution
Paragraph 22 b (new)
Paragraph 22 b (new)
Amendment 165 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Expresses serious concerns at the lack of social dialogue at the EIB, in particular to address concerns abHighlights the necessity of genuine social dialogue at the EIB, and at all other EU institutions, in particular in the context of past seriouts harassment allegations andin the working environment; urgesexpects from the EIB management to engage in genuine dialogue with staff in order to address their concernslive up to the highest standards with regards with regards to zero tolerance against all forms of misconduct and to its prevention;
Amendment 173 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Takes note of the new anti-fraud policy; is concerned about the opaque way in which it was adopted and underlines the importance of inclusive cooperation when developing key anti-fraud policy tools;
Amendment 179 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Expects thorough monitoring that fully takes into account concerns expressed by relevant parties and stakeholders, in particular for human rights and rule of law violations; urges the EIB to include explicit procedures in the policy to prevent human rights violations in its projects;
Amendment 183 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Is very concerned that, at least once, the EIB disbursed funding despite a very clear EIB Complaints Mechanism report concluding that Recalls that the Complaints Mechanism is a public accountability tool of the EIB; believes, therefore, that all inputs need to be thoroughly assessed to ensure compliance witsh environmental and social standards had been breached; calls for any such project to be halted immediately, and that any identified breaches need to result in immediate halt of incompatible projects;