2021/2235(INI) | [ParlTrack]

Motion for a resolution
Recital C

C. whereas ~~public policy goals such as territori~~EIB's main objective of contributing to the bal an~~d social cohesion, sustainable development, and tackling (youth) unemployment, poverty and social exclusion should be the core focus and targets of the EIB in its task of~~ ced and steady development of the internal market shall also take into account~~ributing to the balanced and steady development of the internal market;~~ public policy goals such as social cohesion and sustainable development.

Amendment 10 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Michal WIEZIK, Katalin CSEH

Motion for a resolution
Paragraph 8

8. Notes with appreciation that despite the general context of uncertainty in the global financial markets due to the COVID-19 pandemic, the EIB continues to maintain a robust liquidity position; Underlines the Bank’s total liquidity ratio remains well within internal limits, covering 78.1% of projected net cash outflows (compared to 88.6% in 2019).

Amendment 11 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Michal WIEZIK, Katalin CSEH

Motion for a resolution
Paragraph 8 a (new)

8 a. Calls on the EIB to prioritise through its lending activities in social, green and sustainable projects, the implementation of the Sustainable Development Goals (SDGs) of the UN 2030 Agenda for Sustainable Development;

Amendment 12 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Katalin CSEH

Motion for a resolution
Paragraph 8 b (new)

8 b. Call on the EIB to play an active role in supporting projects that contribute to a just transition, such as research, innovation and digitalisation, SMEs’ access to finance, and social investment and skills; Reiterates its calls for the EIB to provide targeted financing for just transition initiatives as a matter of priority, while taking into account the additionality that EIB financing can provide in combination with other sources; stresses, moreover, that coordination with other financing instruments is crucial given that the EIB alone cannot finance all of the initiatives;

Amendment 13 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Katalin CSEH

Motion for a resolution
Paragraph 8 c (new)

8 c. Notes that in the present difficult context ( an ongoing pandemic and the Russian aggression against Ukraine), the gap between economic situations and capacities of the Member States has deepened and underlines the importance to ensure that most affected regions and countries will adjust to the new circumstances so that no one is left behind;

Amendment 14 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Katalin CSEH

Motion for a resolution
Paragraph 11 a (new)

11 a. Calls on the EIB to continue to prioritise investments in the health infrastructure, personnel training and in the quality of the health services, in order to reduce inequalities between countries;

Amendment 15 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Katalin CSEH

Motion for a resolution
Paragraph 12

12. ~~Highlight~~Welcomes the EIB’s role in the success of the BioNTech COVID-19 vaccine through the signature in June 2020 of a EUR 100 million loan facility, making it the first financial investor to back BioNTech’s COVID-19 vaccine programme;

Amendment 16 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Michal WIEZIK, Katalin CSEH

Motion for a resolution
Paragraph 12 a (new)

12 a. Underlines that the EIB, at the same time, offered support to global programmes to distribute COVID-19 vaccines, especially in the developing world;

Amendment 17 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Michal WIEZIK, Katalin CSEH

Motion for a resolution
Paragraph 13

13. Stresses that the EIB Group pledged EUR 6.5 billion to support countries outside the EU, including over €1 billion Ukraine in for infrastructure, environment, innovation and post- COVID-19 recovery and EUR 1.7 billion to support the social and economic recovery of the Western Balkans from the COVID-19 pandemic as part of a EUR 3.3 billion financial support package for the region announced by the Commission;

Amendment 18 #

Motion for a resolution
Paragraph 15

15. Welcomes the establishment of the EGF as a new instrument within the EIB’s portfolio that will provide up to EUR 200 billion of additional financing; notes that as of 31 December 2020, the EIB had approved EUR 2.7 billion, aiming to mobilise EUR 27.8 billion of total financing; is, however, concerned about the compromised transparency of the intermediated transactions under EGF and the increased risk-appetite for some transactions under EGF;

Amendment 19 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Katalin CSEH

Motion for a resolution
Paragraph 20

20. Reiterates its call for the strengthening of technical assistance for and the financial expertise of local and regional authorities, especially in regions with low investment capacity, and for projects of common interest to several Member States which are of such a size or nature that they cannot be entirely financed by the various means available in the individual Member States, before project approval, in order to improve accessibility to EIB funding; invites the EIB Group to intensify cooperation with national promotional banks and institutions;

Amendment 2 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Michal WIEZIK, Katalin CSEH

Motion for a resolution
Recital C a (new)

C a. Whereas the EIB is bound by the EU Charter of Fundamental Rights and that human rights principles are integrated into its due diligence procedures and standards, including publicly available ex-ante assessments;

Amendment 20 #

Motion for a resolution
Paragraph 20

20. Reiterates its call for the strengthening of technical assistance in line with the EIB’s policy of ‘lending, blending and advising’ for and the financial expertise of local and regional authorities, especially in regions with low investment capacity, in order to improve accessibility to EIB funding; invites the EIB Group to intensify cooperation with national promotional banks and institutions;

Amendment 21 #

Motion for a resolution
Paragraph 22 a (new)

22a. Calls, with a view to facilitating the energy transition and the achievement of the Paris targets, on the EIB to prevent any support being given to highly polluting projects using fossil fuels and to favour green projects;

Amendment 22 #

Motion for a resolution
Paragraph 23

23. Notes that in July 2020, the EIB adopted project carbon footprint methodologies to provide guidance to EIB staff on how to calculate the carbon footprint of the investment projects financed by the bank; notes EIB’s decision to refuse financing of any climate- negative projects involving traditional fossil fuels;

Amendment 23 #

Matteo ADINOLFI

Motion for a resolution
Paragraph 24

24. Takes note of the EIB’s development of a counterparty-level assessment methodology known as the ‘Climate Risk Screening Tool’, which has been in use since July 2020 to assess and monitor climate risk across the EIB Group’s portfolio and to report to the EIB Group’s governing bodies, emphasises, however, that climate ambitions should not call into question the need to achieve an adequate level of energy security, at this time more important than ever for being able to achieve a fast and stable independence of European countries from the Russian Federation;

Amendment 24 #

Motion for a resolution
Paragraph 24 a (new)

24 a. Welcomes the launch of The City Climate Gap Fund, anew advisory facility aiming to provide early-stage assistance supporting climate-smart projects in cities in developing and emerging countries;

Amendment 25 #

Motion for a resolution
Paragraph 25

25. Notes that the process of updating the EIB Group’s environmental and social policy started in 2020 and has led to the approval in February 2022 of the new Environmental and Social Sustainability Framework; welcomes the revised EIB environmental and social standards included in the Framework, especially those related to labour rights, biodiversity and environmental protection; ~~regrets, however, the lack of a specific tool on human rights due di~~notes that human rights principles are fully integrated into the Bank’s key due diligence procedures and standards and contractual clauses with cligen~~ce; regrets furthermore that the EIB or its intermediaries are not required to disclose details of actual environmental and social risks or impacts linked to operations carried out through partner~~ts allow for the suspension of disbursements in the case of serious violation of human rights; recalls that the EIB is directly bound by the EU Charter of Fundamental Rights; welcomes that EIB and their promotors are required to consider human rights as part of the environmental and social impact assessment process;

Amendment 26 #

Motion for a resolution
Paragraph 25 a (new)

25 a. Notes that the EIB is bound by the EU Charter of Fundamental Rights and that human rights principles are integrated into its due diligence procedures and standards at project level including by allowing for the suspension of disbursements in the case of serious violations of human rights or environmental and social standards; calls on the EIB to ensure that its complaints mechanism is easily accessible, timely and effective, in order to detect and redress possible human rights violations in EIB- related projects; asks the EIB to report to Parliament and the Board of Governors about this issue;

Amendment 27 #

Alin MITUȚA, Ramona STRUGARIU, Olivier CHASTEL, Gilles BOYER, Katalin CSEH

Motion for a resolution
Paragraph 25

Amendment 28 #

Matteo ADINOLFI, Joachim KUHS, Jean-François JALKH

Motion for a resolution
Paragraph 26

26. Regrets that the Trans-Anatolian Natural Gas Pipeline and Trans Adriatic Pipeline are not aligned with the goals of the Paris Agreement; takes note of the EIB’s explanation that they were appraised under the previous EIB energy lending criteria (2013); points out that infrastructure projects of this kind and scale typically have a planned operational life of several decades, yet the EIB’s carbon footprint assessment neither considered the projects’ full lifetimes, nor accounted for emissions resulting from the planned increase in volume of gas pumped through the Southern Gas Corridor;deleted

Amendment 29 #

Motion for a resolution
Paragraph 26

26. ~~Regret~~Take notes that the Trans- Anatolian Natural Gas Pipeline and Trans Adriatic Pipeline ~~are~~even if is not aligned with the goals of the Paris Agreement; takes note of the EIB’s explanation that they were appraised under the previous EIB energy lending criteria (2013); points out that infrastructure projects of this kind and scale typically have a planned operational life of several decades, yet the EIB’s carbon footprint assessment neither considered the projects’ full lifetimes, nor accounted for emissions resulting from the planned increase in volume of gas pumped through the Southern Gas Corridor is strategical for the energy supply, especially in the strategy of diversification of suppliers;

Amendment 3 #

Motion for a resolution
Recital D

D. whereas the EIB is at the forefront D. of tackling the COVID-19 crisis in the European Union, notably playing its part with a prompt support programme focused on those clients and sectors most affected by the crisis~~, followed by the establishment of the Pan-European Guarantee Fund (EGF) in 2020~~ and additionally established a new instrument called Pan-European Guarantee Fund (EGF) in 2020 which provides much needed capital for SMEs;

Amendment 30 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Katalin CSEH

Motion for a resolution
Paragraph 27

27. ~~Calls on the EIB to review its transport lending policy (TLP) and to align it with the EIB Group Climate Bank Roadmap 2021-2025 and the Commission’~~Supports EIB’s commitment to reach climate neutrality by 2050 and to align its actions with the EU Green Deal; welcomes the upcoming revision of the transport lending policy (TLP) which will be in line with the objectives of the Paris Agreement and is planned to be adopted in June/July2022; stresses that such new requirements smust~~ainable and smart mobility strategy~~ not go to the detriment of access to finance for SMEs; reiterates the need for the policy to avoid locking in carbon intensive assets and to support modal shifts towards zero-carbon mobility both for freight and passengers at urban and inter- urban levels;

Amendment 31 #

Motion for a resolution
Paragraph 27 a (new)

27 a. Encourages the EIB to support the development of transport infrastructure projects, including railways and motorways, that are sustainable and environmental friendly and can contribute to tackling territorial and social disparities between regions and countries in the EU;

Amendment 32 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Katalin CSEH

Motion for a resolution
Paragraph 27 b (new)

27 b. Stresses the need to focus on long- term financing, namely by supporting projects that would not be financed otherwise, in particular for innovative start-ups and SMEs emphasises however that the EIB’s financing activities are no substitute for sustainable fiscal policies in the Member States; Calls on the EIB to increase investment in break through innovations, especially for the green transition, in order to support European companies;

Amendment 33 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Katalin CSEH

Motion for a resolution
Paragraph 27 c (new)

27 c. Calls on the EIB to increase financing to address the technological transition, support development of skills adapted to the current and future labour market needs, further promote the investment in digital skills of employees and entrepreneurs, digital infrastructure and capacity-building for digitalization, provide funds for long term research and innovation, SMEs,support the social economy and enhance social and territorial cohesion, namely by filling current investment gaps in public housing and infrastructure;

Amendment 34 #

Matteo ADINOLFI, Jean-François JALKH

Motion for a resolution
Paragraph 28

28. Calls on the EIB to develop a specific human rights strategy and an action plan for its implementation, taking into account child and forced labor, in order to avoid in the future the already experienced cases of financing work in countries that use these practices;

Amendment 35 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Katalin CSEH

Motion for a resolution
Paragraph 28

28. Calls on the EIB to develop a specific human rights strategy and an action plan for its implementation; calls on the EIB to align its financing strategy with the levels of ambition and commitment to common values and objectives shown by the partner countries;

Amendment 36 #

Joachim KUHS, Jean-François JALKH, Matteo ADINOLFI

Motion for a resolution
Paragraph 31 – subparagraph 1 (new)

Questions an ethical component in co- financing of the projects in Belarus such as "Belarus Utility Services Modernization"1a amounting to EUR 66 million; questions as well the co- financing of the projects in Gaza such as "Gaza Central Desalination Plant - GCDP"2a and amounting to EUR 395 million; _________________ 1a https://www.eib.org/en/projects/all/201800 14 2a https://www.eib.org/en/projects/pipelines/ all/20180171

Amendment 37 #

Motion for a resolution
Paragraph 31 – indent 1 (new)

- [2]https://data.consilium.europa.e u/doc/document/ST-9462-2021-REV- 1/en/pdf

Amendment 38 #

Motion for a resolution
Paragraph 31 a (new)

31 a. Notes that the Union development policy will be implemented viathe new Neighbourhood, Development and International Cooperation Instrument(NDICI), of which the EIB is a key implementer; expresses concern about the useof EU development funds for de- risking private investment given the lack ofevidence as to its capacity to fulfil development objectives, as reported inthe final review of European Fund for Sustainable Development as well as in theopinion of the European Court of Auditors No 7/2020 of 11 September 2020; stresses the need for donors to prioritise grant-based financing as the defaultoption, especially to least developed countries, in order to avoid increasingthe debt burden;

Amendment 39 #

Motion for a resolution
Paragraph 31 a (new)

31a. Calls on the EIB to make full use of its toolkit to combat tax avoidance for projects financed in third countries;

Amendment 4 #

Motion for a resolution
Recital F

F. whereas the global outbreak of the COVID-19 pandemic in March 2020 required a significant effort from the EIB to offer additional support to businesses and especially SMEs which have been hit particularly hard by the effects of the crisis as well as to contribute to EU objectives;

Amendment 40 #

Motion for a resolution
Paragraph 31 b (new)

31b. Maintains that international financial institutions have to eliminate the risk that EU funding might directly or indirectly contribute to tax evasion and tax fraud;

Amendment 41 #

Motion for a resolution
Paragraph 31 b (new)

31 b. Reiterates that the EIB’s external operations are expected to contribute to EU policy objectives, fostering developing countries’ sustainable economic, social and environmental development, particularly in the most disadvantaged among them, as well as compliance with objectives approved by the Union; recognises poverty eradication, domestic resource mobilisation and human rights as core topics within the EU development finance architecture; recalls that stakeholder engagement is the cornerstone of sustainable and inclusive development;

Amendment 42 #

Motion for a resolution
Paragraph 31 c (new)

31 c. Calls on the EIB to continue supporting the achievement of United Nations Sustainable Development Goals through its activities within the framework of specific mandates decided by the EU Council of Ministers and the European Parliament;

Amendment 43 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Katalin CSEH

Motion for a resolution
Paragraph 31 d (new)

31 d. Supports the Council Conclusions adopted on 14 June 2021[2],calling on the EIB to enhance its contribution to the Union’s development efforts through dedicated strategies, stronger presence on the ground globally, and better coordination with partners in a genuine Team Europe approach, with a view to developing innovative joint actions and ensuring the visibility of EU external financing;"[1]https://data.consilium.euro pa.eu/doc/document/ST-9462-2021-REV- 1/en/pdf

Amendment 44 #

Motion for a resolution
Paragraph 32 a (new)

32 a. Encourages the EIB to become more involved in the agricultural sector; Underlines that financial needs of farmers, especially young and new entrants are significant, and that farmers and enterprises in this sector have a lower rate of success when applying for financing; Highlights that EIB has made certain steps to tackle this issue; Calls for the EIB to further work on new financial tools that will boost accessibility for the agricultural sector; Insists, in this context, that EIB financing needs to support the transition of the agricultural sector inline with European policy objectives including with more respect for animal welfare, and should avoid contributing to stocking densities exceeding the carrying capacity of the land;

Amendment 45 #

Motion for a resolution
Paragraph 34

~~34.~~ Welcomes the performance in 2020 ~~34.~~ of the first compliance risk assessment by the Office of the Chief Compliance Officer (OCCO), aimed at identifying the compliance risk exposure of the EIB’s business activities in the geographical locations in which it operates, including exposure to money laundering and financing of terrorism (ML-FT) and organised crime risks as well as sanctions, non-compliant jurisdictions/tax good governance, market integrity, conduct and procurement risks; remarks that in 2020, the key risk indicators were updated in the ML-FT dashboard to offer more granular information on ML-FT related risks;

Amendment 46 #

Motion for a resolution
Paragraph 36

36. Notes that the EIB Group Anti- Money Laundering and Combating Financing of Terrorism (AML-CFT ) Framework was revised in December 2020, taking stock of the 5th AML Directive, and that a comprehensive EIB Group AML- CFT and organised crime policy was adopted in July 2021; takes the view that effective coordination with other relevant competent authorities is material to the success of the policy;

Amendment 47 #

Motion for a resolution
Paragraph 37

37. ~~Reiterates~~Notes the new tripartite agreement signed between ECA,EIB and the European Commission allowing greater access and improved streamline of audited EIB documents; reiterates, however, its calls for the extension of the right of access to information by the European Court of Auditors (ECA) in respect of EIB operations implementing EU policies; regrets the fact that the Commission and the EIB refer to the definition of the ECA’s mandate as laid out in the TFEU in order to prevent the Court from accessing information related to EIB operations whose sole reason to exist is the implementation of the EU policies;

Amendment 48 #

Motion for a resolution
Paragraph 37

37. Reiterates its calls for the extension of the right of access to information by the European Court of Auditors (ECA) in respect of EIB operations implementing EU policies; regrets the fact that the Commission and the EIB refer to the definition of the ECA’s mandate as laid out in the TFEU ~~in order to prevent the Court from accessing information related to EIB operations whose sole reason to exist is the implementation of the EU policies~~;

Amendment 49 #

Motion for a resolution
Paragraph 37

37. Reiterates its calls for the extension of the right of access to information by the European Court of Auditors (ECA) and the European Parliament in respect of EIB operations implementing EU policies; regrets the fact that the Commission and the EIB refer to the definition of the ECA’s mandate as laid out in the TFEU in order to prevent the Court from accessing information related to EIB operations whose sole reason to exist is the implementation of the EU policies;

Amendment 5 #

Motion for a resolution
Recital G

G. whereas the EIB’s AAA rating is necessary to ensure appropriate market sources of financing a~~nd must be~~t most preferential rates and must be, therefore, preserved;

Amendment 50 #

Motion for a resolution
Paragraph 37 a (new)

37a. Calls on the EIB to improve the transparency of its activities by adopting a transparency register for public scrutiny of organisations seeking to influence the legislative process and to prevent cases of corruption or conflict of interest;

Amendment 51 #

Motion for a resolution
Paragraph 38

38. Is of the opinion that the action of the EIB Audit Committee is not alternative but complementary to that of the ECA; deplores the fact that the Tripartite Agreement, which was renewed on 11 November 2021 by the EIB, the Commission and the ECA, does not offer a satisfactory solution and that its renewal confirms the situation without any meaningful improvement in particular in relation to the role of ECA in term of auditing powers regarding activities of the EIB;

Amendment 52 #

Motion for a resolution
Paragraph 38

38. Is of the opinion that the action of the EIB Audit Committee is not alternative but complementary to that of the ECA; ~~deplor~~welcomes the fact that the Tripartite Agreement, which was renewed on 11 November 2021 by the EIB, the Commission and the ECA, ~~does not offer a satisfactory solution and that its renewal confirms the situation without any meaningful improvement~~increases the Courts access to documents, information and IT systems;

Amendment 53 #

Joachim KUHS, Jean-François JALKH, Matteo ADINOLFI

Motion for a resolution
Paragraph 39

39. Notes that in 2020, the EIB complaint mechanism registered 77 new cases, handled 137 cases and closed 94 cases; welcomes that the EIB's complaint mechanism systematically monitors the implementation of its recommendations and suggestions for improvement by EIB services; calls on the EIB to address the findings of the complaint mechanism ~~with concrete actions~~adequately;

Amendment 54 #

Motion for a resolution
Paragraph 39 a (new)

39 a. Is astonished by the tender call 2020/S 153-3737781a opened by the EIB in 2020 aiming to "procure office furniture and associated services in Luxembourg (Lot 1) and abroad (Lot 2)" and amounting to 10 400 000.00 EUR; requests a written explanation as well as an access to the supportive documentation of this tender as soon as possible; _________________ 1a https://ted.europa.eu/udl?uri=TED:NOTI CE:373778-2020:TEXT:EN:HTML

Amendment 55 #

Motion for a resolution
Paragraph 41

41. Reiterates its call on the EIB to run comprehensive analysis of the nature of the financial support affected by alleged misbehaviour and about the geographical distribution of such cases, to facilitate the identification of systemic weaknesses deserving of attention and resources; welcomes in this regard, that IG/IN developed several industry leading prevention and detection tools over the last 10 years;

Amendment 56 #

Motion for a resolution
Paragraph 44

44. Welcomes the working arrangement with the EPPO signed in December 2021 and calls for its full and diligent implementation, in particular as regards reporting; highlights in this regard that IG/IN started its collaboration with EPPO months before the signature of the working arrangement and reported in 2021 a total of 17 cases;

Amendment 57 #

Motion for a resolution
Paragraph 44 a (new)

44 a. notes with appreciation that in 2021 the EIB also enhanced its cooperation with the Agency for Law Enforcement Cooperation (EUROPOL) by signing a cooperation agreement aiming to foster the prevention and fight against all forms of serious international and organised crime, cybercrime and terrorism;

Amendment 58 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Katalin CSEH

Motion for a resolution
Paragraph 47

47. ~~Is very concerned by the decline of transparency at the EIB:~~Notes that in 2010, 96.1 % of all projects were published three weeks before Board approval, ~~falling to only 60 % in 2020~~decreasing to 60 % in 2020; recalls that the EIB Group Transparency Policy foresees that a limited number of project summaries may not be published before Board approval and, in some cases, not before loan signature in order to protect justified interests like commercial secrets; welcomes that ultimately all projects are subject to publication by the EIB;

Amendment 59 #

Motion for a resolution
Paragraph 48

48. Calls for more transparency and accountability, also towards EU institutions, in particular Parliament; suggests the idea of a quarterly dialogue with relevant committees of the Parliament to participate to the investment strategy of the EIB and ensure adequate oversight; stresses the importance of greater Parliament scrutiny over decision of the EIB board of directors and points to the possibility of Parliament having observer status in the board’s meetings to ensure better information sharing demands from the Commission to increase its transparency towards Parliament on the positions it takes in the EIB board of directors;

Amendment 6 #

Motion for a resolution
Recital I

I. whereas combating all forms of money laundering, financing of terrorism and organised crime and harmful tax practices should remain a constant priority of the EIB;

Amendment 60 #

Motion for a resolution
Paragraph 49

49. ~~Is concerned~~Highlights that the new tEIB Group Transparency pPolicy has not reflected Parliament’s very clear demands for improvements in line with other financial institutions’ best practices and standards; calls on the EIB to align its transparency policy with that of the European Bank for Reconstruction and Development on mandatory disclosure for intermediaries of projects with high environmental and human rights riskincludes a number of improvements which reflect some of the Parliament’s previous demands and keeps the policy in line with other financial institutions’ best practices and standards;

Amendment 61 #

Motion for a resolution
Paragraph 51

51. ~~Regre~~Highlights that the ~~EIB still does not fully disclose~~disclosure of the details of ~~the~~ beneficial ownership of ~~its clients; reiterates its calls for enhanced~~clients can only be carried out within the legislative framework including the General Data Protection Regulation (GDPR); welcomes that the EIB’s transparency policy provides obligations on transparency regarding ~~the~~ EIB’s operations through financial intermediaries such as commercial banks and investment funds and for the definition of standard reporting obligations that can provide an adequate level of data and information; recalls in this regard that Article 30 of the AML Directive imposes an obligation on Member states to collect and store accurate and current information on ultimate beneficial ownership of companies in a national register and to ensure that this information is accessible in all cases; asks the EIB to use the available tools and to implement the standards promoted by the 5th AML Directive to make such data accessible; invites the EIB to explore the feasibility of working arrangements and memoranda with the relevant partners to make relevant information available and to eliminate the risk of opacity in the relevant procedures;

Amendment 62 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Michal WIEZIK, Katalin CSEH

Motion for a resolution
Paragraph 51

51. Regrets that the EIB still does not fully disclose the details of the beneficial ownership of its clients; reiterates its calls for enhanced transparency regarding the EIB’s operations through financial intermediaries such as commercial banks and investment funds and for the definition of standard reporting obligations that can provide an adequate level of data and information; asks the EIB to use the available tools and to implement the standards promoted by the 5th AML Directive to make such data accessible; invites the EIB to explore the feasibility of working arrangements and memoranda with the relevant partners to make relevant information available and to eliminate the risk of opacity in the relevant procedures; Asks the EIB to ensure a full cooperation with the future Authority for Anti- Money Laundering and Countering the Financing of Terrorism;

Amendment 63 #

Motion for a resolution
Paragraph 53

53. Notes that, in 2020, the Ethics and Compliance Committee adopted three decisions concerning activities of former Management Committee members during their respective cooling-off periods; calls on the responsible committee to guarantee that during cooling-off periods, former Management Committee members carry out no business relations or lobbying activities with the EIB Group, irrespective to the portfolios held during their Management Committee mandates; reiterates the importance of putting in place policies preventing conflict of interest and revolving-doors phenomena;

Amendment 64 #

Motion for a resolution
Paragraph 54

54. Takes note of the updated codes of conduct of the Management Committee and the Board of Directors of August 2021; welcomes the introduction of a longer cooling-off period for the members of the Management Committee (24 months instead of 12) and for the members of the Board of Directors (12 months instead of 6); ~~regrets, however~~notes, that there is no provision excluding vice-presidents from overseeing operations ~~in their countries of origin and insists that this be addressed in the next revision~~; understands that this allows for the necessary country-specific expertise in projects; is convinced that the EIB will continue to carry out project assessment alongside objective technical, financial and economic indicators making the project's quality the decisive factor in deciding whether or not to grant financing;

Amendment 65 #

Motion for a resolution
Paragraph 54 a (new)

54a. Reiterates its call for the EIB to apply more stringent tax transparency standards; stresses the need to make the disbursement of direct and indirect loans conditional on the publication of country- by-country tax and accountancy data, and on the disclosure of information on beneficial ownership by the beneficiaries and financial intermediaries involved in financing operations, without any derogations;

Amendment 66 #

Motion for a resolution
Paragraph 57

57. Expresses serious concerns at the lack of social dialogue at the EIB, in particular to address concerns about harassment allegations and the working environment; urges the EIB management to engage in constructive dialogue with staff in order to address their concerns and to foster trust and a culture of accountability; encourages the EIB to continue launching surveys and consultations across its staff; notes consecutively negative outcomes of staff surveys in recent years and urges the EIB to implement tangible measures aiming at fixing issues reported by staff members, particularly which relates to internal mobility concerns;

Amendment 67 #

Motion for a resolution
Paragraph 57

57. ~~Expresses serious concerns at the lack of~~Recognises that recent efforts have been made by the EIB to foster social dialogue at the EIB, in particular to address concerns about harassment allegations and the working environment; encourages the EIB management to engage in constructive dialogue with staff in order to address their concerns and to foster trust and a culture of accountability; ~~encourages the EIB to launch surveys and consultations across its staff~~takes note of EIB's efforts to include surveys as part of their continuous listening approach in order to foster staff engagement e.g. through their recent health and wellbeing survey;

Amendment 68 #

Motion for a resolution
Paragraph 58

58. Notes ~~with concern that only~~a slight decline form 30% to 29.5 % ofin management positions at the EIB ~~were~~ held by women at the end of 2020 (30 % at the end of 2019); reiterates its concern for the persistent lack of diversity and gender balance at senior management level and within the EIB Group’s governing bodies, as well as the very high share of women in support functions; welcomes EIB’s efforts to promote diversity and gender balance; notes that the bank increased the percentage of female managers to 30%, the share of women at senior officer level to 35% and the share of women at officer level to 43% by the end of 2021;

Amendment 69 #

Motion for a resolution
Paragraph 59

59. Underlines that the Board of Directors is made up of Member States’ representatives and that vice-presidents are nominated by Member States; notes that the EIB President calls on the Member States to ensure diversity when selecting new members and urges the EIB to encourage the Members States also to consider gender balance when putting forward nominees for vice-presidencies; observes that despite Member States nomination competence, the EIB President’s regular calls for diversity have led to a significant improvement of the gender balance; highlights in this regard that the Bank’s Management Committee and the Board of Directors have a respective share of women of 33% and 48%;

Amendment 7 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Michal WIEZIK, Katalin CSEH

Motion for a resolution
Recital I a (new)

I a. whereas the EIB plays an important role outside the EU through its external lending activities as the biggest multilateral financial institution in the world;

Amendment 70 #

Corina CREȚU

Motion for a resolution
Paragraph 59

59. Underlines that the Board of Directors is made up of Member States’ representatives and that vice-presidents are nominated by Member States; notes that the EIB President calls on the Member States to ensure diversity when selecting new members ~~and urges the EIB to encourage the Members States also to consider gender balance when putting forward nominees~~; call on Member States to evaluate the situation of gender balance in the Board of EIB and nominate more women in this important body for vice- presidencies;

Amendment 71 #

Alin MITUȚA, Olivier CHASTEL, Ramona STRUGARIU, Gilles BOYER, Michal WIEZIK, Katalin CSEH

Motion for a resolution
Paragraph 59 a (new)

59 a. Reiterates its call to the EIB to establish a proper representation within its secretariat of nationals from all Member States, while at the same time respecting the competencies and merits of the candidates; calls on the EIB to publish annually a gender and nationality breakdown of middle and senior management position;

Amendment 72 #

Motion for a resolution
Paragraph 60 – point b

b) acdaptations ~~adop~~related to ~~enhance~~ the prevention of conflicts of interest,

Amendment 73 #