Control of the financial activities of the European Investment Bank Group – annual report 2024

Amendments tabled for the plenary sitting on this text, in their own numbering series. This is a different set from the committee amendments tracked elsewhere on AmendEU, and is not counted in any of the site’s amendment totals.

1. Amendment 1S&DMotion for a resolution · Recital N
   Current text

   N. whereas the EIB plays a key role in advancing the Union’s external objectives through its lending activities in non-EU countries, including through EIB Global, launched in 2022, which is to be aligned with the EU’s policies and priorities around the world; whereas effective cooperation with partner countries on migration management, including readmission and return of migrants who have no legal right to stay in the Union, is a relevant consideration in the context of the EU’s external lending framework;

   Amendment

   N. whereas the EIB plays a key role in advancing the Union’s external objectives through its lending activities in non-EU countries, including through EIB Global, launched in 2022, which is to be aligned with the EU’s policies and priorities around the world;

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2. Amendment 2S&DMotion for a resolution · Paragraph 30
   Current text

   30. Insists that the level of lending outside the EU be subject to robust safeguards on transparency, anti-fraud protections, sanctions compliance, human rights and the rule of law, and that it take into account cooperation on return agreements and remain consistent with the EU’s external policy objectives; calls for strengthened ex ante and ex post controls, including traceability of final beneficiaries, and for robust anti-corruption measures, greater or equivalent transparency, ex ante impact assessments and full public accountability in all EIB operations outside the EU;

   Amendment

   30. Insists that the level of lending outside the EU be subject to robust safeguards on transparency, anti-fraud protections, sanctions compliance, human rights and the rule of law, and that it remain consistent with the EU’s external policy objectives; calls for strengthened ex ante and ex post controls, including traceability of final beneficiaries, and for robust anti-corruption measures, greater or equivalent transparency, ex ante impact assessments and full public accountability in all EIB operations outside the EU;

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3. Amendment 3Verts/ALEMotion for a resolution · Recital A
   Current text

   A. whereas the EIB Group consists of the EIB – the world’s largest multilateral financial institution, wholly owned by EU Member States – and the European Investment Fund (EIF); whereas the activities of a public bank should be to tackle clear market failures and investment gaps where private finance is lacking;

   Amendment

   A. whereas the EIB Group consists of the EIB – the world’s largest multilateral financial institution, wholly owned by EU Member States – and the European Investment Fund (EIF); whereas the EIB Group’s core mission is to support the EU’s policy objectives as laid down in the Treaties, including sustainable development, economic, social and territorial cohesion and the transition to climate neutrality; whereas EIB interventions should address genuine market failures and investment gaps and deliver demonstrable additionality and value for money;

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4. Amendment 4Verts/ALEMotion for a resolution · Recital D a (new)
   Amendment

   Da. whereas the EIB should apply the highest standards of risk management, transparency and accountability, including systematic public disclosure of the methodologies used for additionality assessment, credit risk rating and climate impact measurement; whereas robust safeguards are necessary to prevent moral hazard, particularly in operations backed by EU budget guarantees and in large strategic projects;

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5. Amendment 5Verts/ALEMotion for a resolution · Paragraph 7
   Current text

   7. Calls on the EIB to evaluate all low-carbon projects, including nuclear, against objective and transparent criteria, including life-cycle carbon intensity, grid stability and cost-effectiveness, applying technological neutrality while focusing on strategic cross-border projects to increase the EU added value; notes that the EIB invested over EUR 27 billion in the energy transition and in energy security in 2024, including renewables, grids and storage; calls on the EIB to prioritise energy efficiency and cost-efficiency, while fully respecting Member States’ sovereign right to determine their energy mix;

   Amendment

   7. Calls on the EIB to ensure that all its energy financing is consistent with the Paris Agreement and the EIB Climate Bank Roadmap; calls on the EIB to evaluate all low-carbon projects against objective and transparent criteria, including life-cycle carbon intensity, grid stability, cost-effectiveness and avoidance of lock-in and stranded-asset risks; notes that the EIB invested over EUR 27 billion in the energy transition and in energy security in 2024, including renewables, grids and storage; calls on the EIB to prioritise energy efficiency, demand reduction, grids, storage and renewables, while fully respecting Member States’ sovereign right to determine their energy mix;

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6. Amendment 6Verts/ALEMotion for a resolution · Paragraph 30
   Current text

   30. Insists that the level of lending outside the EU be subject to robust safeguards on transparency, anti-fraud protections, sanctions compliance, human rights and the rule of law, and that it take into account cooperation on return agreements and remain consistent with the EU’s external policy objectives; calls for strengthened ex ante and ex post controls, including traceability of final beneficiaries, and for robust anti-corruption measures, greater or equivalent transparency, ex ante impact assessments and full public accountability in all EIB operations outside the EU;

   Amendment

   30. Insists that the level of lending outside the EU be subject to robust safeguards on transparency, anti-fraud protections, sanctions compliance, human rights and the rule of law, and remain consistent with the EU’s external policy objectives, including sustainable development, poverty reduction and climate resilience; calls for strengthened ex ante and ex post controls, including traceability of final beneficiaries, and for robust anti-corruption measures, greater or equivalent transparency, ex ante impact assessments and full public accountability in all EIB operations outside the EU;

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7. Amendment 7Verts/ALEMotion for a resolution · Paragraph 30 a (new)
   Amendment

   30a. Insists that the EIB Group systematically conduct independent ex ante human rights impact assessments for all projects outside the EU, with meaningful consultation of local communities, civil society actors and human rights defenders; calls for these assessments to be made publicly available prior to project approval, and for projects outside the EU to be subject to transparency, environmental, social and human rights standards equivalent to those applied within the EU, without any double standards in environmental, social and governance and human rights safeguards;

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8. Amendment 8Verts/ALEMotion for a resolution · Recital N
   Current text

   N. whereas the EIB plays a key role in advancing the Union’s external objectives through its lending activities in non-EU countries, including through EIB Global, launched in 2022, which is to be aligned with the EU’s policies and priorities around the world; whereas effective cooperation with partner countries on migration management, including readmission and return of migrants who have no legal right to stay in the Union, is a relevant consideration in the context of the EU’s external lending framework;

   Amendment

   deleted

   official amendment document ↗
9. Amendment 9PfEMotion for a resolution · Paragraph 54 a (new)
   Amendment

   54a. Takes note of the public statements made by the current President of the EIB in which she acknowledged having exerted pressure on the Spanish National Statistics Institute in relation to the presentation of economic growth data in her previous capacity as Minister of Economy, Trade and Enterprise of the Kingdom of Spain; considers that any such interference in the work of an independent statistical body constitutes a serious breach of the principles of institutional independence, integrity and reliability of official statistics; warns that such conduct, if replicated in the context of the EIB, would undermine confidence in the EIB’s governance, decision-making and credibility; stresses,…

   Excerpt — full text in the official PDF.
   official amendment document ↗
10. Amendment 10The LeftMotion for a resolution · Recital N
    Current text

    N. whereas the EIB plays a key role in advancing the Union’s external objectives through its lending activities in non-EU countries, including through EIB Global, launched in 2022, which is to be aligned with the EU’s policies and priorities around the world; whereas effective cooperation with partner countries on migration management, including readmission and return of migrants who have no legal right to stay in the Union, is a relevant consideration in the context of the EU’s external lending framework;

    Amendment

    N. whereas the EIB plays a key role in advancing the Union’s external objectives through its lending activities in non-EU countries, including through EIB Global, launched in 2022, which is to be aligned with the EU’s policies and priorities around the world;

    official amendment document ↗
11. Amendment 11The LeftMotion for a resolution · Paragraph 4 a (new)
    Amendment

    4a. Notes that the 2025 Delegated Act amending Commission Delegated Regulation (EU) 2021/10781a opens InvestEU’s ‘strategic investments’ to companies controlled by ‘associated countries’ and non-associated third countries with national guarantees, without requiring rigorous security vetting, thereby exposing the EU guarantee and budget to non-EU interests; __________________ 1a Commission Delegated Regulation (EU) 2025/1774 of 28 August 2025 amending Delegated Regulation (EU) 2021/1078 as regards strategic investments in the field of defence set out in the investment guidelines for the InvestEU Fund (OJ L, 2025/1774, 18.12.2025, ELI: http://data.europa.eu/eli/reg_del/2025/1774/oj).

    official amendment document ↗
12. Amendment 12The LeftMotion for a resolution · Paragraph 4 b (new)
    Amendment

    4b. Urges the Commission to report annually to the European Parliament on any defence-related InvestEU operations involving third-country control in the EIB Group’s activities;

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13. Amendment 13The LeftMotion for a resolution · Paragraph 8
    Current text

    8. Expresses concerns regarding the disproportionate environmental, social, and governance (ESG) reporting requirements imposed on EIB borrowers; warns that excessive disclosure obligations deter economically viable projects and create competitive disadvantages for European businesses; calls on the EIB to review its ESG reporting requirements with a view to ensuring proportionality;

    Amendment

    deleted

    official amendment document ↗
14. Amendment 14The LeftMotion for a resolution · Paragraph 9
    Current text

    9. Stresses the importance of the EIB Group’s contribution to Europe’s peace, defence and security, as set out in the White Paper for European Defence Readiness 2030, through its support for initiatives that enhance the Union’s strategic autonomy and resilience, strengthen the EU’s defence industry, improve cybersecurity infrastructure and promote innovation in critical defence technologies by providing funding and leveraging private investment;

    Amendment

    9. Condemns the expansion of the EIB Group’s contribution to Europe’s defence sector; notes with concern that, in 2025, the bank has quadrupled its investment in the sector compared to the previous year; stresses the importance of the EIB Group’s contribution to Europe’s peace and security, through its support for initiatives that enhance the Union’s strategic autonomy and resilience, strengthen the EU’s cybersecurity infrastructure and disaster preparedness; stresses that more funding should be allocated to projects promoting sustainable social and economic development; underlines that security and defence remain a national competence and that diverting EU funding to defence, especially wit…

    Excerpt — full text in the official PDF.
    official amendment document ↗
15. Amendment 15The LeftMotion for a resolution · Paragraph 10
    Current text

    10. Notes the EIB Board decision of 21 March 2025 to broaden the EIB Group’s eligibility criteria for security and defence investments, limiting excluded activities, in accordance with the proposals approved by EU leaders at the European Council on 6 March 2025;

    Amendment

    10. Condemns the EIB Board decision of 21 March 2025 to broaden the EIB Group’s eligibility criteria for security and defence investments, limiting excluded activities, in accordance with the proposals approved by EU leaders at the European Council on 6 March 2025;

    official amendment document ↗
16. Amendment 16The LeftMotion for a resolution · Paragraph 11
    Current text

    11. Welcomes the EIB’s continued and enhanced role in strengthening Europe’s security through targeted investments in both defence and civilian infrastructure, in line with the EU’s broader goals of promoting innovation and enhancing the Union’s security; stresses that the EIB should keep investing in a safe and secure Europe, supporting the European defence technological and industrial base and the provision of products, services and technologies that bolster Europe’s defence capacities, research and development, and innovation; calls for the scope of eligible investments to be further adjusted to meet the ambitious goal of contributing to Europe’s defence and security;

    Amendment

    11. Expresses strong concern over the EIB’s continued and enhanced targeted investments in defence; stresses that the EIB should invest in a safe and secure Europe by promoting economic and environmental sustainability, supporting low and middle-income households in the energy transition, contributing to the renovation and construction of quality public and social housing, strengthening public services and enhancing disaster preparedness;

    official amendment document ↗
17. Amendment 17The LeftMotion for a resolution · Paragraph 12
    Current text

    12. Notes the strong increase in EIB security and defence financing from EUR 0.5 billion in 2023 to EUR 1.04 billion in 2024, and the further scale-up in 2025; points out that the EIB’s current EUR 8 billion Strategic European Security Initiative will be integrated into a permanent, cross-cutting public policy objective, complementing existing public policy goals, removing predefined ceilings for security financing and allowing for increased and flexible support in line with the Council’s priorities; calls for a dedicated annual reporting annex to be submitted to Parliament on security and defence operations, including additionality, implementation speed, procurement safeguards, integrity co…

    Amendment

    12. Regrets the strong increase in EIB security and defence financing from EUR 0.5 billion in 2023 to EUR 1.04 billion in 2024, and the further scale-up in 2025; points out that the EIB’s current EUR 8 billion Strategic European Security Initiative will be integrated into a permanent, cross-cutting public policy objective, clashing with existing public policy goals, removing predefined ceilings for security financing and effectively diverting funds from other priorities; calls for a dedicated annual reporting annex to be submitted to Parliament on security and defence operations, including additionality, implementation speed, procurement safeguards, integrity controls and risk-sharing arrang…

    Excerpt — full text in the official PDF.
    official amendment document ↗
18. Amendment 18The LeftMotion for a resolution · Paragraph 13
    Current text

    13. Invites the EIB to further strengthen synergies with investments in defence financed by the EU budget and to align these investments more closely with EU-wide initiatives; emphasises to the EIB the need to ensure that its investments complement broader EU defence policy goals and contribute to achieving economies of scale in European defence capabilities;

    Amendment

    deleted

    official amendment document ↗
19. Amendment 19The LeftMotion for a resolution · Paragraph 14
    Current text

    14. Notes the significant expansion of EIB support for security and defence operations; stresses that any potential expansion of EIB support in the security and defence domain must be subject to strict transparency, accountability and human rights safeguards, clear exclusion criteria, end-use monitoring, and regular reporting to Parliament;

    Amendment

    14. Notes the excessive expansion of EIB support for security and defence operations; stresses that any potential expansion of EIB support in the security and defence domain must be subject to strict transparency, accountability and human rights safeguards, clear exclusion criteria, end-use monitoring, and regular reporting to Parliament;

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20. Amendment 20The LeftMotion for a resolution · Paragraph 15
    Current text

    15. Calls on the EIB to identify barriers impeding defence and border protection investments that would strengthen the Union’s resilience and security, while ensuring compliance with EU law and democratic oversight; stresses that removing obstacles is essential for tangible security outcomes; recalls that any allocation of funds by the EIB, through InvestEU and other financial instruments for defence purposes and for investments in critical technologies, must fully respect the national security interests of the Member States; underlines that the competent audit authorities and bodies of the EU institutions should deliver thorough and continuous audit controls to third entities and third coun…

    Amendment

    15. Recalls that any allocation of funds by the EIB, through InvestEU and other financial instruments for defence purposes and for investments in critical technologies, must fully respect the national security interests of the Member States and comply with the principles of the EU and international law, most notably the do no significant harm (DNSH) principle; underlines that the competent audit authorities and bodies of the EU institutions should deliver thorough and continuous audit controls to third entities and third countries that are beneficiaries of EU funding and that deliver investments and projects in the defence field, to ensure the transparent use of EU funding; stresses that the…

    Excerpt — full text in the official PDF.
    official amendment document ↗
21. Amendment 21The LeftMotion for a resolution · Paragraph 16
    Current text

    16. Welcomes the close and structured cooperation established with the NATO Innovation Fund to ensure synergies and avoid the duplication of efforts, particularly in scaling up technologies where private capital is insufficient;

    Amendment

    16. Notes that the close and structured cooperation established with the NATO Innovation Fund exposes the EU to serious security risks and geopolitical instability; condemns the EU’s delay in developing an autonomous peace and security agenda, independent from NATO;

    official amendment document ↗
22. Amendment 22The LeftMotion for a resolution · Paragraph 30
    Current text

    30. Insists that the level of lending outside the EU be subject to robust safeguards on transparency, anti-fraud protections, sanctions compliance, human rights and the rule of law, and that it take into account cooperation on return agreements and remain consistent with the EU’s external policy objectives; calls for strengthened ex ante and ex post controls, including traceability of final beneficiaries, and for robust anti-corruption measures, greater or equivalent transparency, ex ante impact assessments and full public accountability in all EIB operations outside the EU;

    Amendment

    30. Insists that the level of lending outside the EU be subject to robust safeguards on transparency, anti-fraud protections, sanctions compliance, human rights and the rule of law, and remain consistent with the EU’s external policy objectives; calls for strengthened ex ante and ex post controls, including traceability of final beneficiaries, and for robust anti-corruption measures, greater or equivalent transparency, ex ante impact assessments and full public accountability in all EIB operations outside the EU;

    official amendment document ↗
23. Amendment 23The LeftMotion for a resolution · Paragraph 30 a (new)
    Amendment

    30a. Insists that lending to non-EU countries should ensure the involvement of local stakeholders and overall added value for local communities; underlines that EU investments abroad must uphold the principles of social and environmental sustainability; emphasises that EIB financing should not subsidise the expansion of European companies into foreign markets;

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24. Amendment 24The LeftMotion for a resolution · Paragraph 37 a (new)
    Amendment

    37a. Calls on the Commission and the EIB to immediately stop all financing to Israeli projects, companies and entities;

    official amendment document ↗