Activities of Lieve WIERINCK related to 2018/0179(COD)
Plenary speeches (1)
Disclosures relating to sustainable investments and sustainability risks (debate) NL
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council on disclosures relating to sustainable investments and sustainability risks and amending Directive (EU) 2016/2341 PDF (798 KB) DOC (113 KB)
Amendments (15)
Amendment 72 #
Proposal for a regulation
Recital 8
Recital 8
(8) To enhance transparency and inform end-investors, access to information on how sustainability risks are integrated by financial market participants in the investment decision making processes, including organisational, risk management and governance aspects, and by financial advisors in advisory processes should be regulated by requiring those entities to maintain that information on their websites.
Amendment 100 #
Proposal for a regulation
Article 2 – paragraph 1 – point o – point i
Article 2 – paragraph 1 – point o – point i
(i) investments in an economic activity that contributes to an environmental objective, including an environmentally sustainable investment as defined in Article 2 of [PO: Please insert reference to Regulation on the establishment of a framework to facilitate sustainable investment], that promote or support good governance practices as defined in Article 2(o)(iii), and that do not significantly harm any other environmental or social objective;
Amendment 103 #
Proposal for a regulation
Article 2 – paragraph 1 – point o – point ii
Article 2 – paragraph 1 – point o – point ii
(ii) investments in an economic activity that contributes to a social objective, and in particular an investment that contributes to tackling inequality, an investment fostering social cohesion, social integration and labour relations, or an investment in human capital or economically or socially disadvantaged communities, that promote or support good governance practices as defined in Article 2(o)(iii), and that do not significantly harm any other environmental or social objective;
Amendment 105 #
Proposal for a regulation
Article 2 – paragraph 1 – point o – point iii
Article 2 – paragraph 1 – point o – point iii
(iii) investments that promote or support good governance practices in companies following good governance practices in companies, and in particular companies withpromoting sound management structures, employee relations, remuneration of relevant staff and tax compliance, and that do not significantly harm any other environmental or social objective;
Amendment 114 #
Proposal for a regulation
Article 2 – paragraph 1 – point s a (new)
Article 2 – paragraph 1 – point s a (new)
(sa) 'sustainability risks' means environmental, social and governance risks in the investment decision or advisory processes as part of duties towards policy-holders, customers and/or beneficiaries1a. _________________ 1a FISMA C4 SG/acg(2018)4365900, p.3
Amendment 125 #
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. Financial market participants shall publish written policies on the integration of sustainability risks in the investment decision-making process on their websites., where applicable, including the integration of sustainability risks into:
Amendment 128 #
Proposal for a regulation
Article 3 – paragraph 1 – point i (new)
Article 3 – paragraph 1 – point i (new)
(i) Organisational requirements of firms, including risk management and governance;
Amendment 129 #
Proposal for a regulation
Article 3 – paragraph 1 – point ii (new)
Article 3 – paragraph 1 – point ii (new)
(ii) Operating conditions, in particular investment strategy and asset allocation; and
Amendment 130 #
Proposal for a regulation
Article 3 – paragraph 1 – point iii (new)
Article 3 – paragraph 1 – point iii (new)
(iii) Risk management.
Amendment 140 #
Proposal for a regulation
Article 4 – paragraph 1 – introductory part
Article 4 – paragraph 1 – introductory part
1. FWith respect to each relevant financial product, financial market participants shall include descriptions of the following in pre- contractual disclosures with respect to that particular financial service:
Amendment 144 #
Proposal for a regulation
Article 4 – paragraph 1 – point a
Article 4 – paragraph 1 – point a
(a) the procedures and conditions applied for integrating sustainability risks in the investment's decisions-making process for that particular product and how they are applied;
Amendment 160 #
Proposal for a regulation
Article 4 – paragraph 1 – point c
Article 4 – paragraph 1 – point c
(c) how the remuneration policies of financial market participants are consistent with the integration of sustainability risks and are in line, where relevant, with the sustainable investment target of theat particular financial product.
Amendment 186 #
Proposal for a regulation
Article 5 – paragraph 1 – introductory part
Article 5 – paragraph 1 – introductory part
1. Where a financial product is marketed as sustainable, has as its target sustainable investments or investments with similar characteristics, and an index has been designated as a reference benchmark, the information to be disclosed pursuant to Article 4(1) shall be accompanied by the following:
Amendment 199 #
Proposal for a regulation
Article 5 – paragraph 3 – subparagraph 1
Article 5 – paragraph 3 – subparagraph 1
Where a financial product has as its target the reduction in carbon emissions in accordance with Regulation (EU) 2016/1011, the information to be disclosed pursuant to Article 4(1) shall include the targeted low carbon emission exposure.
Amendment 207 #
Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 1 – point a
Article 6 – paragraph 1 – subparagraph 1 – point a
(a) a description of the sustainable investment target; or an explanation on how the product that is marketed as sustainable is compliant with Article 2 of [PO: Please insert reference to Regulation on the establishment of a framework to facilitate sustainable investment];