Activities of Dimitrios PAPADIMOULIS related to 2023/0177(COD)
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council on the transparency and integrity of Environmental, Social and Governance (ESG) rating activities
Amendments (8)
Amendment 98 #
Proposal for a regulation
Citation 1
Citation 1
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114s 9, 114, 191 and 192 thereof,
Amendment 101 #
Proposal for a regulation
Recital 2
Recital 2
(2) The transition to a sustainable economy is key to ensuring the overall long-term competitiveness of the Union economysustainability of the Union and the quality of life of people in the Union as well as to adhering to the Union environmental and social objectives and commitments under the Paris Agreement, the 2030 Agenda for Sustainable Development, the European Green Deal and the European Pillar of Social Rights. Sustainability has long been at the heart of the Union project and the Union Treaties give recognition to the importance of its social and environmental dimensions.
Amendment 104 #
Proposal for a regulation
Recital 3
Recital 3
(3) Achieving SDG objectives in the Union requires the channelling of capital flows towards sustainable investments. It is importantnecessary to exploit fully the potential of the internal market for the achievement of those goals. In that context, it is crucial to remove obstacles to the efficient movement of capital towards sustainable investments in the internal market and to prevent such obstacles from emerging.
Amendment 295 #
Proposal for a regulation
Article 14 – paragraph 7 a (new)
Article 14 – paragraph 7 a (new)
7a. ESG rating providers shall make use of the data disclosed under Regulation (EU) 2019/2088 of the European Parliament and of the Council, Regulation (EU) 2020/852 of the European Parliament and of the Council and Directive (EU) 2022/2464 of the European Parliament and of the Council.
Amendment 308 #
Proposal for a regulation
Article 15 – paragraph 1 – introductory part
Article 15 – paragraph 1 – introductory part
1. ESG rating providers and entities that are part of a group to which an ESG rating provider belongs shall not provide any of the following activities:
Amendment 373 #
Proposal for a regulation
Article 21 – paragraph 1
Article 21 – paragraph 1
1. ESG rating providers shall disclose on their website the methodologies, models and key rating assumptions they use in their ESG rating activities, including how they assessed impact materiality and financial materiality and the information referred to in point 1 of Annex III.
Amendment 482 #
Proposal for a regulation
Annex III – Part 1 – paragraph 1 – point b
Annex III – Part 1 – paragraph 1 – point b
(b) high level overview of data processes (data sources, including if theydata sources including information disclosed under Regulation (EU) 2019/2088, Regulation (EU) 2020/852 and Directive (EU) 2022/2464, disclosure of whether data sources are public or non–-public, and if they are sourced from sustainability statements required by Directive (EU) 2022/2464,frequency of data updates and a high level overview of data processes with data sources, including if they are an estimation of input data in case of unavailability, frequency of data updates) of actual data;
Amendment 489 #
Proposal for a regulation
Annex III – Part 1 – paragraph 1 – point d
Annex III – Part 1 – paragraph 1 – point d
(d) information on the ratings’ objective, clearly marking whether the rating is assessing risks, impactsdecribing how and the extent to which the rating is assessing impact materiality, financial materiality or some other dimensions;