3 Amendments of Jakob von WEIZSÄCKER related to 2018/0178(COD)
Amendment 166 #
Proposal for a regulation
Recital 13
Recital 13
(13) The Platform on Sustainable Finance and the recurring reviews of this Regulation by the Commission should cover whether it is necessary to move from common criteria for classifying economic activities as environmentally sustainable to a Union classification of environmentally sustainable activities and investments, especially in view of incentives for national governments to more generously classify economic activities as environmentally sustainable in order to attract more investment. A Union classification of environmentally sustainable economic activities should furthermore enable the development of future Union policies, including Union- wide standards for environmentally sustainable financial products and eventually the establishment of labels that formally recognise compliance with those standards across the Union. Uniform legal requirements for considering investments as environmentally sustainable investments, based on uniform criteria for environmentally sustainable economic activities, are necessary as a reference for future Union legislation aiming at enabling those investments, including the introduction of a brown-penalising factor into the prudential framework for financial institutions in order to adequately account for climate change risks associated with carbon-intensive assets.
Amendment 598 #
Proposal for a regulation
Article 15 – paragraph 2 – point f
Article 15 – paragraph 2 – point f
(f) advise the Commission on the possible need to amend this Regulation, especially concerning the necessity of establishing a Union classification of environmentally sustainable economic activities and investments in order to counter incentives to lower national implementation of the criteria.
Amendment 637 #
Proposal for a regulation
Article 17 – paragraph 1 – point d
Article 17 – paragraph 1 – point d
(d) the use of the definition of environmentally sustainable investment in Union law, and at Member State level, including the appropriateness of setting up verification mechanism of compliance with the criteria set out in this Regulation or setting up a Union classification of environmentally sustainable economic activities and investments.