16 Amendments of Aurore LALUCQ related to 2021/0342(COD)
Amendment 403 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52d
Article 4 – paragraph 1 – point 52d
(52d) ‘environmental, social or governance (ESG) risk’ means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of environmental, social or governance (ESG) factors on the institution’s counterparties or invested assets;
Amendment 406 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52e – introductory part
Article 4 – paragraph 1 – point 52e – introductory part
(52e) ‘environmental risk’ means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of environmental factors on the institution’s counterparties or invested assets, including factors related to the transition towards the following environmental objectives:
Amendment 409 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph1 – paragraph 52f
Article 4 – paragraph1 – paragraph 52f
(52f) ‘physical risk’, as part of the overall environmental risk, means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of the physical effects of environmental factors on the institution’s counterparties or invested assets;
Amendment 412 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52g
Article 4 – paragraph 1 – point 52g
(52g) ‘transition risk’, as part of the overall environmental risk, means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of the transition of business activities and sectors to an environmentally sustainable economy on the institution’s counterparties or invested assets;
Amendment 415 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52h
Article 4 – paragraph 1 – point 52h
(52h) ‘social risk’ means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of social factors on its counterparties or invested assets;
Amendment 419 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52i
Article 4 – paragraph 1 – point 52i
(52i) ‘governance risk’ means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of governance factors on the institution’s counterparties or invested assets;;
Amendment 452 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point y a (new)
Article 1 – paragraph 1 – point 1 – point y a (new)
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 152 a (new)
Article 4 – paragraph 1 – point 152 a (new)
(152 a)‘fossil fuel sectors’ means sectors of the economy which produce, process, store or use fossil fuels as defined in Article 2(62) of Regulation (EU)2018/1999 of the European Parliament and of the Council.
Amendment 453 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point y b (new)
Article 1 – paragraph 1 – point 1 – point y b (new)
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 152 b (new)
Article 4 – paragraph 1 – point 152 b (new)
(152 b)‘companies active in the fossil fuel sectors’ means (i) companies that derive any revenues from exploration, mining, extraction, or reining of hard coal and lignite; (ii) companies that derive any revenues from the exploration, extraction, distribution (excluding distribution, transportation, storage and trade) or reining of liquid fossil fuels; and (iii) companies that derive any revenues from exploring and extracting fossil gaseous fuels or from their dedicated distribution(excluding distribution, transportation, storage and trade).
Amendment 894 #
Proposal for a regulation
Article 1 – paragraph 1 – point 59 – point a
Article 1 – paragraph 1 – point 59 – point a
2. Prior permission to the use the IRB Approach, including own estimates of LGDs and CCFs, shall be required for each exposure class and for each rating system and for each approach to estimating LGDs and CCFs used.; Exposures defined in Article 126b shall not be eligible for the IRB approach.
Amendment 1034 #
Proposal for a regulation
Article 1 – paragraph 1 – point 126 a (new)Regulation (EU) No 575/2013
Article 1 – paragraph 1 – point 126 a (new)Regulation (EU) No 575/2013
Article 236b (new)
(126 a) the following article is inserted: Article 236b Fossil fuel sector exposures 1. The following shall be considered exposures to existing fossil fuel resources: (i) exposures to projects in fossil fuel sectors (ii) exposures to companies active in fossil fuel sectors, excluding the ones which invest in expansion or exploration and plan to add fossil fuel resources to their production portfolio (iii) exposure to power plants that burn fossil fuels to generate power. Fossil fuel resources and resource fields referred to in this subparagraph must have been explored and known as of 31 December 2021. 2. The following shall be considered exposures to the new fossil fuel resources: (i) exposure to fossil fuel extraction projects, transport facilities and other infrastructure (such as LNG terminals)that drive expanded extraction. This includes all projects which have not received a final investment decision (FID) before 31 December 2021 (ii) exposures to companies active in fossil fuel sectors, which invest in expansion and exploration and plan to add fossil fuel resources to their production portfolio (iii) exposure to power plants that burn fossil fuels to generate power; the FID for the exploration or expansion of such fossil fuels must have been on or after 1 January 2022.Exploration or expansion of fossil fuel resources and resource fields referred to in this must have started on or after 1 January 2022. 3. Exposures related to existing fossil fuel resources, as referred to in paragraph 1 of this Article, shall be assigned a risk weight of 150 % 4. Exposures related to new fossil fuel resources, as referred to in paragraph 2 of this Article, shall be assigned a risk weight of 1250 %
Amendment 1150 #
Proposal for a regulation
Article 1 – paragraph 1 – point 176
Article 1 – paragraph 1 – point 176
Regulation (EU) No 575/2013
Article 430 – paragraph 1 – point f a (new)
Article 430 – paragraph 1 – point f a (new)
(f a) progress towards achieving the targets and plans laid down in Article 76(2) and76(4) of the Directive 2013/36/EU.
Amendment 1175 #
Proposal for a regulation
Article 1 – paragraph 1 – point 189
Article 1 – paragraph 1 – point 189
Regulation (EU) No 575/2013
Article 449a – paragraph
Article 449a – paragraph
Institutions shall disclose: (a) information on ESG risks, including physical risks and transition risks. (b) climate targets and transition plans, including absolute carbon emission reduction targets, submitted in accordance with Article 76(2) of the Directive 2013/36/EU, and the progress made towards implementing them (c) how the institution’s business model and strategy take account of ESG risks faced by the undertaking.
Amendment 1181 #
Proposal for a regulation
Article 1 – paragraph 1 – point 189
Article 1 – paragraph 1 – point 189
Regulation (EU) No 575/2013
Article 449a – paragraph 3
Article 449a – paragraph 3
EBA shall develop draft implementing technical standards specifying uniform disclosure formats for ESG risks, as laid down in Article 434a, ensuring that they are consistent with and uphold the principle of proportionality.’ For small and non-complex institutions, the formats shall not require disclosure of information beyond the information required to be reported to competent authorities in accordance with Article 430(1), points (h) and (i).;
Amendment 1183 #
Proposal for a regulation
Article 1 – paragraph 1 – point 189 a (new)
Article 1 – paragraph 1 – point 189 a (new)
Regulation (EU) No 575/2013
Article 450 – paragraph 1 – point h– point vii a (new)
Article 450 – paragraph 1 – point h– point vii a (new)
(189a) in Article 450(1), point h, the following point is added: (vii a) the amounts of variable remuneration linked to achievement of the targets related to management of ESG risks, including climate targets and transition plans referred to in Article76(2) of the Directive 2013/36/EU.
Amendment 1228 #
Proposal for a regulation
Article 1 – paragraph 1 – point 196
Article 1 – paragraph 1 – point 196
Regulation (EU) No 575/2013
Article 465 – paragraph 3
Article 465 – paragraph 3
Amendment 1289 #
Proposal for a regulation
Article 1 – paragraph 1 – point 196
Article 1 – paragraph 1 – point 196
Regulation (EU) No 575/2013
Article 465 – paragraph 5
Article 465 – paragraph 5