Activities of Bart STAES related to 2015/2127(INI)
Plenary speeches (1)
European Investment Bank annual report 2014 (debate) NL
Shadow reports (1)
REPORT on the European Investment Bank (EIB) – Annual Report 2014 PDF (481 KB) DOC (184 KB)
Amendments (17)
Amendment 18 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Invites the EIB, when assessing and rating projects, to give decisive priority to the long-term effect of investments, regarding not simply financial indicators but, and above all, their contribution to sustainable empdeveloypment and to a better quality of life by further improvements in the field of employment, social standard and environment;
Amendment 20 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Regrets that there is no information presented in the 3PA Report, whether based on 3PA or other relevant tools, about actual results achieved from operations executed inside the EU in 2014 (in contrast to results achieved outside the EU), despite the fact that the 3PA is designed with the specific purpose of enhancing the EIB’s ability to monitor implementation by tracking impacts throughout the project cycle; expects that, as a result of the ongoing harmonisation between 3PA and ReM, a new harmonised framework, better fitted for the ex post assessment and reporting of project results both inside and outside the EU and fully in line with the Scoreboard for EFSI operations, will be in place at the beginning of 2016 and will be used for the 2015 EIB reporting exercise; calls for the individual projects assessments to be published on systematic basis;
Amendment 25 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Notes the EIF’s capital increase of EUR 1.5 billion in 2014, and its record investment in providing risk finance for SMEs amounting to EUR 3.3 billion, which leveraged EUR 14 billion of capital; calls for a comprehensive and transparent overview of the EIF’s operations to be included in the EIB Annual Report;
Amendment 28 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Takes note that EIB support for renewable energy capacity development in 2014 was concentrated for the most part in just a few countries, with only EUR 42 million out of EUR 4.5 billion for renewable energy projects in the EU-28 being spent in relatively new Member States; adds that a similar concentration is observed in the energy efficiency sector, where out of EUR 2 billion only EUR 148 million was allocated to relatively new Member States; calls for a binding share of future investments in renewable energy capacity developments and energy efficiency sector in new Member States, where those shares should increase progressively until they reach 30 % of the whole investments in these fields by 2020.
Amendment 29 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Takes note that EIB support for renewable energy capacity development in 2014 was concentrated for the most part in just a few countries (France, Germany, UK, Italy, Spain), with only EUR 42 million out of EUR 4.5 billion for renewable energy projects in the EU-28 being spent in relativelythe 13 new Member States; adds that a similar concentration is observed in the energy efficiency sector, where out of EUR 2 billion only EUR 148 million was allocated to relatively new Member States13 new Member States; calls for an extra effort to be put in providing further technical assistance to national and regional authorities in order to improve their capacity to prepare viable projects that will allow for more investments in energy sector;
Amendment 32 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Welcomes the launch in 2014 of new innovative instruments to support climate action, such as the Private Finance for Energy Efficiency instrument and the Natural Capital Financing Facility, and expects the EIB to present informationport about their implementation in its future activity reports;
Amendment 33 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Encourages the EIB’s commitment to support initiatives helping the EU both to stay a front-runner and to fulfil its own long-standing carbon market ambitions within the context of the Climate and Energy Policy Framework 2030, the Low Carbon Strategy 2050, and the UN climate talks for defining a new global agreement; calls for a review of the share of the EIB investments in Climate Action, as the 25 % share has already been reached.
Amendment 34 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Notes the momentum towards the development of the green bonds market and the leading role of the EIB with its own green bonds and climate awareness bonds, witnessing investor’s interest in financial products dedicated to sustainable, low-carbon and climate-resilient growth; Calls the EIB to review its emissions performance standard in 2016 in the light of the EU 2050 Low Carbon Strategy;
Amendment 35 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Welcomes the publication in September 2015 of the EIB Climate Strategy - Mobilising finance for the transition to a low-carbon and climate- resilient economy, and of the Synthesis Report on Operations Evaluation of EIB Financing of Climate Action (mitigation) within the EU 2010-2014; calls for the Specific Measurable Attainable Realistic and Timely (SMART) approach to be applied in the specific action plans following the EIB Climate Strategy by 2017.
Amendment 46 #
Motion for a resolution
Paragraph 34
Paragraph 34
34. Recommends closer cooperation between the EIB and national promotional banks, financial institutions and investment platforms, in order to pool and share expertise and know-how as well as to better align EIB actions with Member States’ policy priorities; recommends an even higher level of transparency of the EFSI operations by close co-operation and overview of the European Parliament and the European Court of Auditors;
Amendment 52 #
Motion for a resolution
Paragraph 38
Paragraph 38
38. Points out that the EIB is an important actor for promoting EU foreign policy priorities and objectives; recommends enhanced coordination and cooperation between the EIB and the external policy services and instruments of the EU; calls for a systematic ex-ante and ex-post assessments of economic, social and environmental impact of the EIB supported projects against EEAS goals and the general principles guiding Union external action as referred to in Article 21 TEU and the EU Strategic Framework and Action plan for Human Rights;
Amendment 53 #
Motion for a resolution
Paragraph 40
Paragraph 40
40. Underlines the importance accorded by the EIB to its policy of zero tolerance of fraud, corruption and collusion and its commitment to strong integrity and ethical rules; welcomes, in this regard, the EIB Group Annual Report on Anti-Fraud Activities – 2014; expects that the EIB stops further loan disbursements to projects under ongoing national or European corruption investigations;
Amendment 55 #
Motion for a resolution
Paragraph 41
Paragraph 41
41. Welcomes the adoption of a revised EIB Group Anti-Money Laundering and Combating the Financing of Terrorism Framework (AML-CFT) in July 2014; recalls that the EIB must regularly examine andencourages the EIB to pursue dialogue with civil society on the improvement of its NCJ policy; calls on the EIB to establish a new responsible taxation policy, starting from the review of its policy related to Non-Conforming Jurisdictions (NCJ), in accordance with both the country ratings published by the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes and the standards developed by the Financial Action Task Force; encourages the EIB to pursue dialogue with civil society on the improvement of its NCJ policyon non-cooperative jurisdictions (NCJ policy) in 2016; calls on the EIB to make both direct funding and funding via intermediaries contingent upon disclosure of both country – by – country tax- relevant data along the lines of the CRD IV provision for credit institutions, and beneficial ownership information;
Amendment 60 #
Motion for a resolution
Paragraph 45
Paragraph 45
45. Calls on the EIB to develop clear, strict and transparent criteria for public-private partnerships receiving funding, in order to insure that not only the investment part of the projects are fairly shared by both public and private partners but also are the risks involved in the investments so as to safeguard the public interest;
Amendment 62 #
Motion for a resolution
Paragraph 46
Paragraph 46
46. Recommends publication on the EIB website of documents which are not confidential, such as Corporative Operational Plans for previous years, interinstitutional agreements and memorandums, and other relevant agreements, as well as substantive informationa systematic disclosure onf the meetingfull minutes of the EIB managing bodies starting with January 2016;
Amendment 65 #
Motion for a resolution
Paragraph 47
Paragraph 47
47. Welcomes the process of reviewing the EIB Complaints Mechanism policy, launched in September 2015, and the public consultation opened for relevant stakeholders; expects that the ongoing revision of the Complaints Mechanism will improve its independence and contribute to greater effectiveness and efficiency of the Complaint Mechanism Office; calls on the EIB Management Committee to take on board the recommendations of that office and to act on the opinions of the European Ombudsman; calls for a steady flow of information between the EIB Complaints Mechanism Office and the EIB Board of Directors;
Amendment 68 #
Motion for a resolution
Paragraph 49
Paragraph 49
49. Notes the expiry, on 27 October 2015, of the Tripartite Agreement mentioned in Article 287(3) TFEU, governing cooperation between the EIB, the Commission and the Court of Auditors with respect to the control methods exercised by the Court regarding the EIB’s activity in managing Union and Member State funds; calls on the three institutions to cooperate in the process of renewal and updating of this agreement, and to ensure that the renewed agreement covers the already existing and any new EIB instruments or initiatives involving public funds from the EU or the European Development Fund; calls for a much more thorough evaluation and reporting of the EIB instruments or initiatives done by the European Court of Auditors;