15 Amendments of Renato SORU related to 2018/2007(INI)
Amendment 2 #
Motion for a resolution
Citation 3 a (new)
Citation 3 a (new)
- having regard to the Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions on the Mid-Term Review of the Capital Markets Union Action Plan of the 8 June 2017,
Amendment 15 #
Motion for a resolution
Citation 21 a (new)
Citation 21 a (new)
- having regard to the Opinion of the European Committee of the Regions "Climate finance: an essential tool for the implementation of the Paris Agreement" highlighting the role of local and regional governments in enhancing the investment pipeline for achieving the objectives of the Paris Agreement,
Amendment 16 #
Motion for a resolution
Citation 25
Citation 25
— having regard to the recommendation in the HLEG finterimal report of Julanuary 20178 that the Commission should conduct a sustainability test on all financial legislative proposals,
Amendment 17 #
Motion for a resolution
Citation 28 a (new)
Citation 28 a (new)
28 a - having regard to the UNISDR and CRED report "The Human Cost of Weather related Disasters" stating that 90% of recorded major disasters from 1995 to 2015 caused by natural hazards were linked to climate and weather and that globally, disasters cause between 250 and 300 billion USD in economic damages every year;
Amendment 18 #
Motion for a resolution
Citation 28 b (new)
Citation 28 b (new)
- having regard to the Sendai Framework for Disaster Risk reduction and "Priority 3: Investing in disaster risk reduction for resilience" including Article 30 stating the need "to promote, as appropriate, the integration of disaster risk reduction considerations and measures in financial and fiscal instruments",
Amendment 25 #
Motion for a resolution
Citation 32 a (new)
Citation 32 a (new)
- having regard to the report of the High-Level Task force on Investing in Social Infrastructure in Europe, which estimates the minimum gap in social infrastructure investment in the EU, at 100-150 billion Euro per year and a total gap of over 1,5 trillion Euro in 2018-2030,
Amendment 48 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas sustainable finance can be a mean to address societal challenges towards a long-term inclusive growth and to promote the citizens’ wellbeing;
Amendment 74 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Underlines that a meaningful offer of sustainable financial products may also have positive effects over the enhancement of the European social infrastructure understood as the set of initiatives and projects aiming at creating public value by boosting investment and innovation in the sectors which are strategic and crucial to the wellbeing and the resilience of people and communities, such as education, healthcare and housing;
Amendment 110 #
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. Suggests to coordinate this process at European level and establish a system to track actual financial flows towards sustainable investments, enhancing experiences such as the EU Observatory on Sustainable Finance;
Amendment 112 #
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; underlines the role that national promotional banks and institutions can play in facing this challenge;
Amendment 147 #
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; applauds the inclusion in the IORPs Directive of recognition of stranded assets; asks for the transversal integration of sustainable finance criteria in all legislation related to the financial sector. Calls in particular for a direct reference to ESG criteria in the "product oversight governance" (POG) of PRIIPs, IBIPs, investment products in the field of MIFID II and insurance products in IDD Directive, in order to consider those criteria in the entire process of creation, placement and monitoring of investment and insurance products;
Amendment 160 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
Amendment 161 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Welcomes the European Commission Statement at the "One Planet Summit" in Paris (December 2017) on the possible introduction of a "Green Supporting Factor" in prudential rules in order to boost lending and investments in low carbon assets;
Amendment 168 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Asks the Commission to adopt a regulatory strategy aimed inter alia at measuring sustainabilityle investments´ economic solidity in terms of risks, within the framework of capital adequacy rules; stresses that capital adequacy rules must be based on and fully reflect demonstrated riskdemonstrated risks and need to consider positive externalities; aims to initiate an EU pilot project within the next annual budget to begin developing methodological benchmarks for that purpose;
Amendment 243 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Stresses the importance of the Social component of Sustainable finance; notes the potential of the development of new financial instruments especially dedicated to social infrastructures, such as social bonds, as endorsed by the Social Bond Principles (SBP) 2017;