BETA

6 Amendments of Paul TANG related to 2022/0051(COD)

Amendment 332 #
Proposal for a directive
Article 2 – paragraph 4 a (new)
4a. For companies in the scope of Regulation (EU) 2019/2088, Member States shall ensure coherence with that Regulation when implementing measures under this Directive with regards to the integration of due diligence in company policies, and the identification, prevention and mitigation of potential adverse impacts. In particular, Member States shall ensure coherent reporting requirements, while maintaining in full the minimum obligations stipulated in this Directive.
2022/10/27
Committee: ECON
Amendment 571 #
Proposal for a directive
Article 7 – paragraph 2 – point e a (new)
(e a) companies referred to in Article 3, point(a)(iv), that provide credit, loan or other financial services shall be required to develop and implement a specific sustainability engagement policy, including, where appropriate, a sustainability-focused voting policy, aimed at preventing potential adverse impacts in its value chain.
2022/10/27
Committee: ECON
Amendment 645 #
Proposal for a directive
Article 8 – paragraph 3 – point f a (new)
(f a) Companies referred to in Article 3, point(a)(iv), that provide credit, loan or other financial services shall be required to develop and implement a specific sustainability engagement policy, including, where appropriate a sustainability-focused voting policy, aimed at bringing actual adverse impacts in its value chain to an end.
2022/10/27
Committee: ECON
Amendment 780 #
Proposal for a directive
Article 15 – paragraph 1
1. Member States shall ensure that companies referred to in Article 2(1), point (a), and Article 2(2), point (a), shall adopt a plan to ensure that the business model and strategy of the company are compatible with the transition to a sustainable economy and with the limiting of global warming to 1.5 °C in line with the Paris Agreement. This plan shall, in particular, include regular verifiable targets of at least five year intervals and ensure the company's coherence with the EU's climate commitments under Regulation (EU) 2021/1119, meaning a 55% reduction in emissions in 2030 compared to 1990 levels and carbon neutrality in 2050. The plan shall include the entire value chain of the company and identify, on the basis of information reasonably available to the company, the extent to which climate change is a risk for, or an impact of, the company’s operations.
2022/10/27
Committee: ECON
Amendment 791 #
Proposal for a directive
Article 15 – paragraph 2
2. Member States shall ensure that, in case climate change is or should have been identified as a principal risk for, or a principal impact of, the company’s operations, the company includes emission reduction objectives in its plan, including scope 1, 2 and 3 Green House Gas emissions. The emission reduction targets shall be science based and exclude carbon offsets and avoided emissions.
2022/10/27
Committee: ECON
Amendment 797 #
Proposal for a directive
Article 15 – paragraph 3
3. Member States shall ensure that companies duly take into account the fulfilment of the obligations referred to in paragraphs 1 and 2 of this Article and Article 4 when setting variable remuneration, if variable remuneration is linked to the contribution of a director to the company’s business strategy and long- term interests and sustainability. The achievement of such due diligence and climate-related obligations shall constitute at least 50% of the potential variable remuneration.
2022/10/27
Committee: ECON