18 Amendments of Nicolae ŞTEFĂNUȚĂ related to 2020/2124(INI)
Amendment 7 #
Draft opinion
Paragraph 1
Paragraph 1
1. Calls on the Member States to urgently agree on capital increase, both cash-in and callable in nature; calls for risks to be takenexpansive investment approach in the area of green and digital innovation in order to catalyse the just and digital transitions and to stopprevent the financing of stranded assets;
Amendment 8 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
Amendment 9 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Calls for the European Investment Bank Group to step up its efforts to support the economic recovery after the pandemic; is concerned about the meagre take uprate of the EUR25bn Pan- European Guarantee Fund, and attributes this to the Group’s risk profile; proposes therefore that the Commission and the private sector make a capital injection to the European Investment Fund so as to dilute the EIB’s controlling stake, hence allowing the Fund to support the European economy by increasing its risk appetite; highlights that this proposal would allow the Fund to invest more heavily in distressed assets, such as by building on its previous experience with financial guarantees and acting as an Asset Protection Scheme for companies affected by the pandemic.
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 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 53 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4 b. Believes that the new Transparency Policy of the EIB should ensure timely and systematic publishing of the content of the meetings of all the EIB’s governing bodies; calls specifically for more transparency concerning the meetings of the Management Committee and their outcomes, for publishing the minutes of the Board of Directors meetings directly after the meeting and for inclusion of information better reflecting the discussions at these meetings; highlights further the importance of publishing information relating to direct loans subject to the approval of the Management Committee, including by publishing for each project the opinion of the Commission and that of the Member State in which the project is located, as well as the Three Pillar Assessment, Results Measurement (ReM) sheets and/or EFSI Scoreboard, where applicable, along with the GHG Carbon Footprint Assessment, the ERR and FIRR calculations and the Overall Environmental and Social Assessment Form;
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 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.