Activities of Luke Ming FLANAGAN related to 2023/2046(INI)
Shadow reports (1)
REPORT on the control of the financial activities of the European Investment Bank – annual report 2022
Amendments (11)
Amendment 39 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Reiterates its concerns about the lack of transparency around the EGF which may result in the almost impossibility to assess whether the fund has actually benefitted the European economy;
Amendment 45 #
Motion for a resolution
Paragraph 18 b (new)
Paragraph 18 b (new)
18b. Reiterates its calls for the EIB to carry out due diligence in the preparation phase of all the projects in order to include careful consideration and respect for human rights and indigenous communities and to develop a clear human rights strategy which includes human rights risk and impact assessments;
Amendment 49 #
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23a. Is concerned by the decision taken by the EIB in October 2022 to roll back its climate commitments, by loosening the climate criteria companies have to meet to qualify for support and cancelling the PATH Framework for all renewable energy projects and electric-vehicle charging infrastructure inside the EU until 2027; invites the EIB to reconsider this position and to be consistent with it Climate Roadmap;
Amendment 67 #
Motion for a resolution
Paragraph 28 a (new)
Paragraph 28 a (new)
28a. Reiterates its request for EIB Global to be centred around an equitable and sustainable agenda in recipients countries, while demonstrating clear development additionally;
Amendment 80 #
Motion for a resolution
Paragraph 36
Paragraph 36
36. Welcomes the establishment, announced in 2021, of a new system for following up and reporting on recommendations and opinions issued by the investigative division of the EIB Group; reiterates its request that the financial impacts of the cases it investigates be indicated in the 2022 annual report and that it go beyond a mere narrative description of the case studies in order to provide valuable insights enabling the extent to which financial interests are safeguarded to be assessed; reminds the importance of ensuring a clear EIB’s evaluation of the financial, operational and reputational risks when deciding on whether an investigation is appropriate to that end;
Amendment 82 #
Motion for a resolution
Paragraph 36 a (new)
Paragraph 36 a (new)
Amendment 84 #
Motion for a resolution
Paragraph 37
Paragraph 37
37. WelcomesTakes note of the updated codes of conduct of the Management Committee and the EIB Board of Directors of August 2021; welcomes the introduction of a longer cooling-off period for the members of the Management Committee (24 months instead of 12) and for the members of the Board of Directors (12 months instead of six); regrets, however, that there is no provision excluding vice-presidents from overseeing and taking decisions on operations in their countries of origin, and insists that this be addressed in the next revision;
Amendment 87 #
Motion for a resolution
Paragraph 37 a (new)
Paragraph 37 a (new)
37a. Reiterates its call on the EIB to ensure that the complaints mechanism is accessible, effective and independent in order to detect and redress any possible human rights violations in EIB-related projects;
Amendment 94 #
Motion for a resolution
Paragraph 41 a (new)
Paragraph 41 a (new)
41a. Reiterates the need for more transparency when projects are implemented through financial intermediaries; reminds the importance of transparency also on the internal decision making procedures and on the environmental and human rights impact of the project including through their full implementation;
Amendment 95 #
Motion for a resolution
Paragraph 41 b (new)
Paragraph 41 b (new)
41b. Takes note of the inquiry opened by the European Ombudsman in March 2023 on the transparency, timely publication of information and public participation in the EIB’s environmental and social decision-making; reminds that Ombudsman already issued clear recommendations to adopt a more ambitious disclosure policy in April 2022 which still remain without a follow up;
Amendment 96 #
Motion for a resolution
Paragraph 42 – point b a (new)
Paragraph 42 – point b a (new)
(ba) a new measures to strengthen transparency and human right due diligence;