Activities of Indrek TARAND related to 2018/2151(INI)
Plenary speeches (1)
Annual report on the control of the financial activities of the European Investment Bank for 2017 (debate)
Shadow reports (1)
REPORT on the Annual Report 2017 on the control of the financial activities of the EIB PDF (488 KB) DOC (68 KB)
Amendments (21)
Amendment 4 #
Motion for a resolution
Recital D
Recital D
D. whereas regular and thorough needs assessment in various sectors is key for detecting investment gaps and barriers in different regions, but also for identifying a pool of opportunities with potential for growth and jobs, for further contributions to the goals the 2015 Paris Agreement and adequately calibrate the nature and size of market failures depending on the existing externalities, sectoral and territorial development needs;
Amendment 6 #
Motion for a resolution
Recital E
Recital E
E. whereas the EIB’s role in leveraging public money is essential for the capacity of the Union to respond and to adapt to new economic trendand environmental trends and risks and geopolitical uncertainties while enhancing and strengthening the EIB Group risk oversight and prudential risk management;
Amendment 9 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Considers that the EIB has a relevant financial role, which can bring considerable results in reduction of inequalities in the Union and calls on the EIB to focus investments that contribute to the goals of the 2015 Paris Agreement and enhance competitiveness and equality of opportunities and that support cohesion policy in less developed regions;
Amendment 11 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Encourages the EIB to shape sustainable finance or funding options and conducive investment environment mirroring Union’s political commitments and policies goals, with the view to foster cohesion and innovation within the Union, as well as to reinforce environmental and the social dimension of EIB investment; including by bridging the investment gap in social sector and infrastructures;
Amendment 17 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Welcomes the EIB's commitment to align its operations with the 2015 Paris Agreement by 2020; in the light of the recent IPPC Report calls on the EIB to review its climate strategy in order to align it with a 1,5°C global warming trajectory;
Amendment 19 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11 b. Notes the upcoming review of the EIB Energy Lending Criteria; expects this review to be aligned with the 2015 Paris Agreement; reiterates the call to the EIB to prioritise its lending to energy efficient and small-scale, decentralised RES and to present an ambitious plan to stop funding fossil fuels' projects;
Amendment 20 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Acknowledges the EIB efforts to swiftly contribute to sustainable development goals and to tackle global challenges related to migration and to reinforce sustainable development; including with the launching of sustainability awareness bonds to finance the United Nations 17 sustainable development goals;
Amendment 23 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Is of the opinion that, beyond the effective level of investment, there is a need to work on the durability i.e. on the ability for a project to keep its benefits on the long term under an environmental, financial, economic or social form (direct or not) after the project has been completed;
Amendment 25 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Takes note that as of end-2017, the EIB group (EIB and EIF) had signed 606 operations under EFSI for a total financing of EUR 37.4 billion and that these operations are expected to mobilise investments of EUR 207.3 billion in all 28 Member States and across all objectives set out in the EFSI Regulation with the following distribution for the main sectors: 30% for SME, 24% for RDI, 21% for energy sector, 10% to digital area, 8% for transport, 4% for social infrastructure and 4% for environment and resource efficiency; urges the EIB to minimise its investments to carbon-intensive sectors and projects and to increase its share of investments to improving environments and resource efficiency;
Amendment 28 #
Motion for a resolution
Subheading 4 a (new)
Subheading 4 a (new)
Human Rights
Amendment 29 #
Motion for a resolution
Paragraph 29 a (new)
Paragraph 29 a (new)
29 a. Calls on the EIB to establish a Human Rights Strategy and enhance its due diligence at project level to identify and address human rights relates risks in all its activities and throughout the lifespan of its projects; also calls on the EIB to set up an effective mechanism whereby human rights defenders could safely alert the bank about deteriorating environment or risks of conflict and reprisal;
Amendment 31 #
Motion for a resolution
Paragraph 35
Paragraph 35
35. Considers that there is room for improvement on transparency both at governing bodies’ and theoperational level; reiterates the need to systematically disclose 3PA and REM sheets; asks for the minutes of Management Committee and Board of Governors meetings to also be disclosed; notes with appreciation that the EIB started in 2017 to publish minutes of the EIB board of directors, the director’s declaration of conflict of interests and certain information on projects namely the environmental impact assessments;
Amendment 35 #
Motion for a resolution
Paragraph 37
Paragraph 37
37. Reiterates its call on the EIB to extend the information published for projects implemented through intermediaries by including information on final projects which could allow to assess the economic, environmental and social impact of its investments;
Amendment 39 #
Motion for a resolution
Paragraph 39
Paragraph 39
39. Welcomes the adoption of the Interim Approach to the EIB policy towards weakly regulated, non-transparent and uncooperative jurisdictions (NCJ), adopted by the Board of Directors in January 2017, but expects that it should lead to the revision of this policy in order to ameliorate the EIB’s tax due diligence in its external lending alongside the revised EIB group AML-CFT framework; calls on the EIB to perform adequate corporate and integrity due diligence to identifying the true beneficial owners of all of its clients and operations as well as ultimate investee companies when EIB investments into equity funds are at stake;
Amendment 42 #
Motion for a resolution
Paragraph 39 a (new)
Paragraph 39 a (new)
39 a. Calls on the EIB to perform adequate corporate and integrity due diligence to identifying the true beneficial owners of all of its clients and operations as well as ultimate investee companies when EIB investments into equity funds are at stake;
Amendment 44 #
Motion for a resolution
Paragraph 42 a (new)
Paragraph 42 a (new)
42 a. Welcomes the upcoming review of the EIB Anti-Fraud policy; expects the policy review to lead to an ambitious outcome providing better tools for the EIB to stop further loan disbursements to projects under ongoing national or European corruption investigation;
Amendment 45 #
Motion for a resolution
Paragraph 42 b (new)
Paragraph 42 b (new)
42 b. Calls on the EIB to ensure more transparency on the handling of fraud and corruption investigations; reiterates its call on the EIB to disclose to public the main findings of the OLAF report on its loans to the Volkswagen Group and to report to the Parliament on steps already taken to implement its anti-fraud policy in this case; expresses its disappointment that the EIB has so far refused to disclose this report and has denied public interest in doing so;
Amendment 50 #
Motion for a resolution
Paragraph 46
Paragraph 46
46. Supports the European Court of Auditors’ position that the Court should be mandated to audit all Union bodies including bodies created through agreements outsidEIB operations including those twhe EU legal order to implement Union policies such as the EIB’re the EIB uses non- EU budget activities.funds for its operations;
Amendment 52 #
Motion for a resolution
Subheading 5 a (new)
Subheading 5 a (new)
European parliament scrutiny
Amendment 53 #
Motion for a resolution
Paragraph 46 a (new)
Paragraph 46 a (new)
46 a. Calls on its Committee on Budget Control to organise an annual workshop/hearing on activities and control of the EIB operations that would provide the Parliament with additional relevant information to support its work on the scrutiny of the EIB and its operations;
Amendment 55 #
Motion for a resolution
Paragraph 47 – point c a (new)
Paragraph 47 – point c a (new)
c a) Parliament's call to stop further loan disbursements to projects under ongoing national ot European corruption- related investigation;