Activities of Johan VAN OVERTVELDT related to 2021/2203(INI)
Shadow reports (1)
REPORT on the financial activities of the European Investment Bank – annual report 2021
Amendments (12)
Amendment 21 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the Investment Report 2021/2022; welcomes the focus on the EU’s long-term challenges of climate change, social cohesion and digital transformation; welcomes EIB's record investment in 2021 of almost EUR 95 billion euros of financing, compared to EUR 77 billion in 2020; acknowledges almost half of this financing is directed to the support of 430 000 SMEs and Mid- caps which employ 4.5 million people;
Amendment 26 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Calls for an increase in the EIB’s capitalisation to enable more long-term loans and innovative instruments to finance projects with great potential for sustainability, social and innovation gains; applauds a record EUR 20.7 billion of the EIB's financing went to support innovation, including investment in digitalisation and the promotion of skills and training for the digital world; considers this kind of investment of paramount importance to maintain Europe’s competitiveness and to pursue the EU’s strategic autonomy;
Amendment 32 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes the new Cohesion Orientation, which commits to increasing EIB lending activities to 45 % of total EU- 27 lending in cohesion regions by 2025 and to 23 % in least developed regions taking into account the preservation of the EIB’s overall triple-A rating; recalls that the EIB remains a market and demand driven instrument and that investments are selected based on financial, economic and technical merits, not following any pre- defined quotas;
Amendment 36 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Applauds the timeliness of the European Guarantee Fund (EGF) to help mitigate the negative social and economic impacts of the COVID-19 pandemic, supporting SMEs; notes that as of 31 December 2021, the EIB approved EUR 23.2 billion in EGF operations or 95% of the available EUR 24.4 billion, representing about one third of what the EIB Group normally invests in a year and on top of the rest of EIB’s regular business;
Amendment 39 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Welcomes the EIB Emergency Solidarity Package, the EIB's response to the war in Ukraine; notes that this package includes both immediate financial support and support to infrastructure in the medium and longer term, including rebuilding efforts as soon as a free and independent Ukraine is re- established after the war;
Amendment 58 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the fact that 43 % of lending in 2021, up from 40% in 2020, was climate and environment related and applauds the intention to meet the climate lending target of 50% in 2022; stressnotes that the Climate Bank Roadmap (CBR) alone is not enough to ensure alignment with the objective of the Paris Agreement of limiting global wis share amounts to 51% when disregarmding to 1.5°C; calls for an immediate halt to carbon markets and offsetting and for all action plans for the implementation of the CBR to be made publhe EGF mandate that specifically targets SME's hit by the pandemic;
Amendment 85 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Welcomes the updated ESSF standard 4 and calls for its diligent implementation; welcomes the efforts made to strengthen biodiversity risk assessment and due diligence; is concerned, however, at the use of outdated data; expects the EIB to comply with Articles 11 and 191 TFUE and to stop disbursing funds, and, if necessary, withdraw them, if there is evidence or a serious risk of adverse impacts;
Amendment 139 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Regrets that the new ESSF includes no significant improvement in human rights protection or procedures to prevent human rights violations; calls for this to be addressed in the statement on human rights; is very concerned that in some cases, the EIB has continued to disburse loans despite clearWelcomes the new ESSF which strengthens a risk-based approach that is more explicit on environment and social matters while having human rights as a key objective; recalls that this requires EIB clients to ensure respect for human rights by taking a human -rights abuse- responsive approach to the impact assessment process;
Amendment 145 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Is very concerned by the decline of transparency at the EIB: in 2010, 96.1 % of allRecalls that investments with private counterparts usually come with a higher level of commercial interests that need to be projtects were published three weeks before Board approval, falling to only 60 % in 2020; calls for more transparency and accountability, also towards EU institutions, in particular Parliament; ed; reminds that stock- exchange listed companies have to operate under applicable capital market regulations which have an implication on information sharing; understands therefor the decrease in the rate of pre- published projects over the last 15 years caused by the steadily increase in the amount of private sector clients, including those involved through instruments like EFSI;
Amendment 155 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. ConsiderWelcomes the new transparency policy (TP) a major setback; regrets that the EIB has totally ignored Parliament’s very clear demands to improve its TP in line with other financial institutions’ best practices and standards; calls for the TP to be aligned with that of the European Bank for Reconstrucincluding the publication of calendars of the regular meetings of the Board of Directors, Management Committee and Audit Committee; welcomes the EIB's commitment to publish summaries of sub-projects financed through financial intermediaries with a total project cost greater than €50 million; equally welcomes the bank's commitment to publish Additionality Impact Statements of EIB operations and Development on mandatory disclosure for intermediaries of projects with high environmental riskss part of its Additionality and Impact Measurement (AIM) framework;
Amendment 171 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Takes note of the new anti-fraud policy; is concerned about the opaque way in which it was adopted adopted following established approval procedures, targeted stakeholders engagement including exchanges with civil society organisations and in consultation with OLAF and the EPPO;
Amendment 181 #
Motion for a resolution
Paragraph 27
Paragraph 27