31 Amendments of Paul TANG related to 2020/2124(INI)
Amendment 10 #
Motion for a resolution
Citation 20 a (new)
Citation 20 a (new)
— having regard to the European Parliament Resolution of 13 January 2020 on institutions and bodies of the Economic and Monetary Union: preventing post-public employment conflicts of interest;
Amendment 11 #
Motion for a resolution
Citation 20 b (new)
Citation 20 b (new)
— having regard to the 22 July 2016 letter from the Ombudsman to the President of the EIB on conflict of interest issues and the President of the EIB´s reply of 31 January 2017;
Amendment 12 #
— having regard to the Recommendation of the Ombudsman in case 2168/2019/KR on how the European Banking Authority handled the move of its former Executive Director to become CEO of a financial industry lobby;
Amendment 13 #
Motion for a resolution
Citation 20 d (new)
Citation 20 d (new)
— having regard to Counterbalance´s 2019 report "Is the EIB up to the task in tackling fraud and corruption? Challenges for the EU Bank’s governance framework";
Amendment 20 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
B b. whereas the EIB committed in 2019 to support the objectives of the European Green Deal, align all its financing activities with the goals of the Paris Agreement and become the ‘EU Climate Bank’;
Amendment 21 #
Motion for a resolution
Recital B c (new)
Recital B c (new)
B c. whereas the EIB Board of Directors approved the Climate Bank Roadmap (CBR);
Amendment 22 #
Motion for a resolution
Recital B d (new)
Recital B d (new)
B d. whereas the EIB has started the review process of its 2011 Transport Lending Policy, with the goal of supporting accessible, efficient, green and safe transport;
Amendment 24 #
Motion for a resolution
Recital B f (new)
Recital B f (new)
B f. whereas EIB investment has the capacity to support the social sector, including health, education and housing;
Amendment 26 #
Motion for a resolution
Recital B h (new)
Recital B h (new)
B h. whereas the EIB Group is currently working to develop counterparty alignment guidelines with environmental and sustainability objectives;
Amendment 35 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Supports the European Council’s conclusion that the EIB should have the necessary capital to implement Union policies and the invitation to the EIB Board of Governors to review the capital adequacy of the EIB in view of the instruments included in the MFF and NGEU, as well as the Bank's contribution to the Union's ambitions in fighting climate change and digitalising Europe's economy;
Amendment 61 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Commends the EIB for setting out targets and carrying out evaluations of the economic, social and environmental impacts of projects supported, as well as their additionality and sustainability;
Amendment 87 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Welcomes the fact that in 2019 31% of EIB’s lending was climate- related;
Amendment 108 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Notes that the EIB will structure future work on the implementation of the Roadmap around ten new Action Plans, which will build on the first five years of implementation of the EIB’s 2015 Climate Strategy; Demands, in this context, to be regularly and fully informed on the implementation of the Roadmap;
Amendment 112 #
Motion for a resolution
Paragraph 14 c (new)
Paragraph 14 c (new)
14 c. Welcomes the EIB’s commitment to support the European Commission’s Sustainable Finance Action Plan, in particular by aligning with the EU Taxonomy for tracking climate action and environmental sustainability finance, and by adopting the “Do No Significant Harm” criteria as a base to evaluate projects;
Amendment 113 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Recalls that the review of the EIB’s transport lending policy is a key priority; stresses the importance of aligning the EIB’s transport portfolio with the Paris Agreement as soon as possible; calls for the swift adoption of a new transport financing policy strategy aiming to decarbonise the EU transport sector by 2050 and promote accessible, efficient, green and safe means of transport; underlines, in this context, that the EIB should continue its engagement in financing innovation and green technology for aviation;
Amendment 128 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16 a. Calls on the EIB to support projects aimed at facilitating a just transition in the Member States; underlines that the transition towards a carbon-neutral economy must be inclusive, fair and must leave no one behind; suggests the EIB to proactively work with Member States in view of supporting regions where jobs are highly dependent on high-emitting industries;
Amendment 129 #
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16 b. Welcomes the fact that the EIB is the world’s largest issuer of green bonds which have raised € 34,6 billion of Climate Awareness Bonds and Sustainability Awareness Bonds over 12 years; calls on the EIB to continue and to expand the issuance of green bonds to enhance the liquidity of that market and to remain involved in the development of an EU green bond standard;
Amendment 159 #
Motion for a resolution
Paragraph 20 b (new)
Paragraph 20 b (new)
20 b. Welcomes the EIB’s commitment to invest in the social sector, thereby fostering well-being, access to education, health and housing, as well as the acquisition of skills required by a modern knowledge-based economy;
Amendment 165 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Calls on the EIB to play an active role in helping Member States to deliver on the implementation of the European Pillar of Social Rights, while standing ready to align with the forthcoming Commission action plan and the Social Summit in Porto; points toreiterates the importance of ex-ante and ex- post evaluations of the sustainability, economic, social and environmental impact of projects backed directly or indirectly by the EIB;
Amendment 170 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. Calls on the EIB to refrain from participating in projects which may weaken citizens’ access to high quality public services;
Amendment 175 #
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23 a. Insists that the EIB should apply the same standards and criteria to assess and evaluate projects inside and outside the European Union, including those recently agreed in the CBR ; Considers, in this context, that the EIB should enhance its monitoring and reporting of projects outside the EU and improving its analysis of the economic, social and environmental impacts;
Amendment 221 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Welcomes the EIB’s Group Strategy on Gender Equality and Gender Action Plan; takes note of the 2019 Progress Report on Diversity and Inclusion; notes that women represent 51.4% of the EIB workforce; regrets the fact that women are still not sufficiently represented in managerial and senior office positions; believes that more needs to be done in this regard during the implementation of the second phase of the Action Plan in 2021; calls, therefore, on the EIB to further encourage the participation of women and actively promote a balance gender representation in its senior positions;
Amendment 231 #
29 a. Reiterates that sustainability is a broad concept and that investments are sustainable only if they do not significantly harm any other social or environmental sustainability objective; calls therefore on the EIB to include social considerations when evaluating adverse impacts of potential investments;
Amendment 233 #
Motion for a resolution
Paragraph 29 b (new)
Paragraph 29 b (new)
Amendment 236 #
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30 a. Denounces the conflict of interest that has arisen as a consequence of the appointment of the former EIB Vice- president as a member of Iberdrola´s Board of Directors; notes that this post- public employment with barely any cooling-off period constitutes a risk not only to the reputation and independence of the EIB but to all EU institutions and the European project as a whole; highlights that unaddressed conflict of interest situations might not only compromise the enforcement of high ethical standards throughout European administration, but also jeopardise the right to good administration, threatening the level playing field required for the proper functioning of the single market; demands that the Ethics and Compliance Committee (ECC) explains its decision to allow such a move; recalls that the European Ombudsman found that the EBA´s decision not to forbid its Executive Director from becoming the CEO of a financial industry lobby was maladministration and that forbidding the job move would have been a necessary and proportionate measure;
Amendment 237 #
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30 a. Calls on the EIB to take advantage of the ongoing review of its overall policy on alignments with counterparties and ensure greater transparency and stricter due diligence over its partners and their eligibility to disburse EIB-backed funds under strict conditionality, comprising ethical, integrity, social and environmental criteria;
Amendment 239 #
30 b. Reiterates, in this regard, its call on the EIB to only work with counterparties which have decarbonisation plans in place by the end of 2025, without prejudice to the ability of the EIB to offer technical assistance on devising such decarbonisation plans;
Amendment 241 #
Motion for a resolution
Paragraph 30 d (new)
Paragraph 30 d (new)
Amendment 242 #
Motion for a resolution
Paragraph 30 e (new)
Paragraph 30 e (new)
30 e. Calls on the EIB to reinforce contractual clauses enabling it to suspend disbursements in cases of projects' non- compliance with environmental, social, human rights, tax and transparency standards;
Amendment 244 #
Motion for a resolution
Paragraph 30 g (new)
Paragraph 30 g (new)
30 g. Calls furthermore for a stringent Exclusion Policy, to provide the Bank with the possibility to go beyond the application of contractual remedies, by excluding entities found engaged in fraud, corruption, money laundering or other forms of wrongdoing from EIB financing;
Amendment 246 #
Motion for a resolution
Paragraph 30 i (new)
Paragraph 30 i (new)
30 i. Welcomes the adoption of the EIB Group non-cooperation jurisdiction (NCJ) policy in 2019 and subsequent revision of implementing internal procedures; recalls that the policy foresees a general prohibition to enter into operations with contracting counterparties incorporated or established in NCJs, except under strict conditions;