10 Amendments of Ivana MALETIĆ related to 2018/2007(INI)
Amendment 65 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Stresses the potential of a faster green transition as an opportunity for orienting capital markets towards long- term, innovative and efficient investments; notes that environmental, social and governance (ESG) benefits and risks are not reflected in prices and that this provides a market advantage to unsustainable and short-termist geared finance; stresses that a political and regulatory framework to govern sustainable finance is overdue;
Amendment 88 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses that the financial sector as a whole and its core function of allocating capital to benefit society should be governed by the values of equity and sustainability; emphasises in that respect the instrumental role of economic, fiscal and monetary policy in fostering sustainable finance by facilitating capital allocation to decarbonised and resource- efficient economic activities which are able to reduce the current need for future resources and thereby capable of meeting EU sustainability goals; insistemphasizes that a substantial price for greenhouse gas emissions is a keyn important component of a functioning and efficient environmental and social market economy;
Amendment 101 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Emphasises the massive systemic risks that stranded carbon assets represent to financial stability; stresses the need for the identification and mandatory reporting of these assets as essential to the orderly transition to climate-positive investments; calls for the introduction of ‘carbon stress tests’ for banks and other financial intermediaries to determine the risks related to such stranded assets;
Amendment 109 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Calls on the Member States, in coordination with the Commission and the EIB, to evaluate their national and collective public investment needs to ensure that the EU is on track to meet its climate change goals within the next five years; invites the Commission to take note of the results of the mid-term review of the 7th Environment Action Programme (EAP) and in particular of the fact that its objectives are unlikely to be met by 2020; calls on the Commission to make the resources available to achieve these goals and additional ones with a view to the 2050 horizon;
Amendment 129 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Calls on the Commission to lead a multi-stakeholder process to establish by the end of 2019 a robust and credible green taxonomy, including a ‘Green Finance Mark’, through a legislative initiative;
Amendment 158 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Welcomes the recent inclusion of sustainability issues in the PRIIPs and STS Regulations, as well as in Shareholders Rights Directive and the NFRD; applaudwelcomes the inclusion in the IORPs Directive of recognition of stranded assets; askproposes for the transversal integration of sustainable finance criteria in all legislation related to the financial sector;
Amendment 169 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. AsksCalls on the Commission to adopt a regulatory strategy aimed inter alia at measuring sustainability risks within the framework of capital adequacy rules; stresses that capital adequacy rules must be based on and fully reflect demonstrated risks; aims to initiate an EU pilot project within the next annual budget to begin developing methodological benchmarks for that purposecalls on the Commission to develop a ‘sustainability test’ for all future EU financial regulations and policies, and for financial instruments to achieve greater policy steering effects;
Amendment 239 #
14. Notes the urgent need for a uniformat selective standards for green bonds should be developed; insists that such green bonds should include periodic reporting on the environmental impacts of the underlying assets; underlines that green bonds should also respect negative criteria and must not include any formsupports decrease of use of fossil fuel asset, and nuclear power or investment in aviation infrastructure;
Amendment 255 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 289 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Notes that the EIB has a mixed record on climate action; insistscalls on that the EIB should conly agree tosider for future lending to give more priority to projects that isare compatible with a 1.5 °C climate limit;