Awaiting committee decision
2018/2151(INI) Annual report on the control of the financial activities of the EIB
Next event: Indicative plenary sitting date, 1st reading/single reading 2019/01/16
Lead committee dossier: CONT/8/13880
Legal Basis RoP 52
Next event: Indicative plenary sitting date, 1st reading/single reading 2019/01/16
Role | Committee | Rapporteur | Shadows |
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Lead | CONT | PIRINSKI Georgi (S&D) | ALI Nedzhmi (ALDE), FLANAGAN Luke Ming (GUE/NGL), TARAND Indrek (Verts/ALE), VALLI Marco (EFD) |
Opinion | INTA | (THE EARL OF) DARTMOUTH William (EFD) |
Legal Basis RoP 52
Activites
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2019/01/16
Indicative plenary sitting date, 1st reading/single reading
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2018/07/05
Committee referral announced in Parliament, 1st reading/single reading
Documents
Amendments | Dossier |
40 |
2018/2151(INI)
2018/10/18
INTA
40 amendments...
Amendment 1 #
Draft opinion Paragraph 1 1. Notes that according to its operational strategy, the EIB aims to
Amendment 10 #
Draft opinion Paragraph 3 b (new) 3b. Points out that part of the EIB’s overall lending activity is dedicated to operations outside the Union; notes that there must be close coordination and complementarity between the EIB’s external lending activities and the EU External Investment Plan;
Amendment 11 #
Draft opinion Paragraph 3 c (new) 3c. Points out that the EIB, when providing support to EU companies abroad, should take due account of the EU’s trade strategy, including existing and future free trade, services and investment agreements; points out that, in that context, the EIB should take particular account of the requirements of the internationalisation of European SMEs;
Amendment 12 #
Draft opinion Paragraph 3 d (new) 3d. Takes the view that the ratio between the financial resources earmarked for EIB tasks within the European Union (90%) and those implementing its objectives in more than 150 third countries (10%) should be analysed and adjusted if necessary;
Amendment 13 #
Draft opinion Paragraph 4 4. Notes that the EIB has committed 25 % of its total financing to projects relating to climate change, rising to 35 % by 2020; urges the EIB to strongly
Amendment 14 #
Draft opinion Paragraph 4 4. Notes that the EIB has committed 25 % of its total financing to projects relating to climate change, rising to 35 % by 2020;
Amendment 15 #
Draft opinion Paragraph 4 4. 4. Notes with satisfaction that the EIB has committed 25 % of its total financing to projects relating to climate change, rising to 35 % by 2020;
Amendment 16 #
Draft opinion Paragraph 4 4. Notes that the EIB has committed 25 % of its total financing to projects relating to climate change, rising to 35 % by 2020; urges the EIB to
Amendment 17 #
Draft opinion Paragraph 4 a (new) 4a. Is of the opinion that the EIB should continue to enhance its role in helping to achieve sustainable development, and that climate action should focus mainly on clean transport and energy production, reduction of energy consumption (for heating, transportation and production),clean industrial production and sustainable farming, water treatment and supply, and the environmental transition in general;
Amendment 18 #
Draft opinion Paragraph 5 Amendment 19 #
Draft opinion Paragraph 5 5. Notes that the EIB’s lending to Mediterranean Partner Countries will amount to EUR 15 billion over the next five years; cautions, however, that Transparency International considers these to be among the worst countries in the world for corruption
Amendment 2 #
Draft opinion Paragraph 1 1. Notes that according to its operational strategy, the EIB aims to
Amendment 20 #
Draft opinion Paragraph 5 5. Notes that the EIB’s lending to Mediterranean Partner Countries will amount to EUR 15 billion over the next five years; ca
Amendment 21 #
Draft opinion Paragraph 5 5. Notes that the EIB
Amendment 22 #
Draft opinion Paragraph 5 a (new) 5a. Welcomes the EIB’s plan to create a Sustainability Awareness Bond, and encourages the Bank to adopt a key role in sustainable finance both in and outside of Europe; Calls on the EIB to prioritise supporting through its lending activities the achievement of the United Nations Sustainable Development Goals by further unlocking investment in social, green and sustainable projects.
Amendment 23 #
Draft opinion Paragraph 6 Amendment 24 #
Draft opinion Paragraph 6 6. Notes that EIB funds have been used by companies implicated in the Emissions Scandal, specifically Volkswagen, and that they may therefore have been used to finance activity that was unethical and illegal; urges the EIB to investigate the Volkswagen and possibly other similar cases and to take a public position as to whether EIB funds for such projects can and should be reclaimed from project partners;
Amendment 25 #
Draft opinion Paragraph 7 7. Considers that the EIB should increase its transparency, vis-à-vis
Amendment 26 #
Draft opinion Paragraph 7 7. Considers that the EIB should increase its transparency, vis-à-vis not only the European Parliament, but also the parliaments of the Member States, specifically with regard to the on-lending by its financial intermediaries; believes that it is only right that democratic representatives have more information about the activities of the EIB;
Amendment 27 #
Draft opinion Paragraph 7 7. C
Amendment 28 #
Draft opinion Paragraph 7 7. Considers that the EIB should increase its transparency, vis-à-vis not only the European Parliament, but also the
Amendment 29 #
Draft opinion Paragraph 8 8.
Amendment 3 #
Draft opinion Paragraph 1 a (new) 1a. Recalls that Article 208 of the Treaty on the Functioning of the European Union establishes the principle of policy coherence and therefore demands the EIB’s external lending activities to be more consistent with the Union’s external policies and strategy; underlines that the EIB is the financial arm of the European Union and as such it should facilitate the access to finance to those enterprises unable to raise funds through commercial banks; calls on the EIB to pay greater attention to the impact of its operations on human rights and labour rights, and to further develop its policy on social standards into a human rights policy in the area of banking; suggests, for this purpose, the inclusion of human rights and corporate social responsibility benchmarks in its project evaluations;
Amendment 30 #
Draft opinion Paragraph 8 8. Emphasises that the
Amendment 31 #
Draft opinion Paragraph 8 8.
Amendment 32 #
Draft opinion Paragraph 9 Amendment 33 #
Draft opinion Paragraph 9 9.
Amendment 34 #
Draft opinion Paragraph 9 9.
Amendment 35 #
Draft opinion Paragraph 10 Amendment 36 #
Draft opinion Paragraph 10 Amendment 37 #
Draft opinion Paragraph 10 Amendment 38 #
Draft opinion Paragraph 10 10.
Amendment 39 #
Draft opinion Paragraph 10 a (new) 10a. Recalls that small and medium sized enterprises (SMEs) are the backbone of the European economy and therefore calls on the EIB to bridge their lack of access to credit by enhancing existing programmes, such as the European Progress Microfinance facility, and by allocating them increased funds; calls for the establishment of more pro-active SME and micro-enterprise policy requirements for intermediary banks disbursing EIB funds;
Amendment 4 #
Draft opinion Paragraph 1 b (new) 1b. Underlines that EIB’s lending conditions should facilitate the development of the Union’s peripheral regions by promoting growth and employment; calls on the EIB to greatly strengthen the arrangements for providing technical assistance and financial expertise to local and regional authorities before project approval in order to improve accessibility and involve all Member States, especially those with a lower success rate in terms of projects approved;
Amendment 40 #
Draft opinion Paragraph 10 b (new) 10b. Regards it as important that the EIB advocates higher transparency and social and environmental performance standards in its cooperation with other development banks as a condition for any capital involvement; regrets that the Memorandum of Understanding signed by the European Investment Fund and China’s Silk Road Fund (SRF) and the one signed by the European Investment Bank (EIB), the Asian Development Bank, the Asian Infrastructure Investment Bank (AIIB), the European Bank for Reconstruction and Development, the New Development Bank, and the World Bank have not yet improved the business environment for European enterprises and workers; notes with concern that the AIIB governance structures do not yet foresee adequate involvement of shareholders in project financing decisions and that publically available project documentation lacks any detail on the fulfilment of the environmental and social measures that the AIIB requires from its lenders; expresses scepticism over the involvement of the EIB in the One Belt One Road Initiative (OBOR) due to the lack of proper assessments on the project’s impact on working conditions and workers’ rights, on the environment, and on human rights; is concerned about the lack of transparency and good governance practices in the implementation of the project;
Amendment 5 #
Draft opinion Paragraph 1 c (new) 1c. Calls on the EIB to ensure that companies participating in projects co- financed by the EIB shall be required to adhere to the principles of equal pay and pay transparency as well as gender equality as set out in Directive 2006/54/EC of the European Parliament and of the Council of 5 June 2006 on the implementation of the principle of equal opportunities and equal treatment of men and women in matters of employment and occupation; also calls for EIB decisions on project financing to take into account action by candidate companies in the field of corporate social responsibility;
Amendment 6 #
Draft opinion Paragraph 3 Amendment 7 #
Draft opinion Paragraph 3 3. Notes that the European Union provides a guarantee to the EIB
Amendment 8 #
Draft opinion Paragraph 3 3. Notes that the E
Amendment 9 #
Draft opinion Paragraph 3 a (new) 3a. Stresses that the focus of the EIB’s priorities in the 2017-19 Action Plan should be the effective implementation of the objectives of the Europe 2020 strategy for smart and sustainable development;
source: 629.495
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