Financial activities of the European Investment Bank – annual report 2024

Wording as published by the EP, in English.

1. Amendment 2Adopted

   Paragraph 34 a (new)

   Tabled by Anouk Van Brug · Renew

   Added: 34a. Calls on the Member States to amend the EIB’s exclusion list in order to enable the financing of weapons and ammunition beyond mere dual-use technologies, thereby contributing to the development of the European defence industry;

2. Amendment 4Rejected

   Paragraph 28

   Tabled by Marc Botenga, Pasquale Tridico, João Oliveira · The Left

   28. Removed: Welcomes Added: Deplores the EIB’s proactive approach in the area of security and defence; highlights … plan set to double it again to a record EUR 2 billion; Removed: stresses that greater EIB investment in the defence sector can encourage commercial banks’ investment in the sector; notes, however, that these amounts represent less than 1.1 % of EIB investments for 2024 (EUR 88.8 billion), and 2.2 % of its financing objectives for 2025 (EUR 95 billion) and emphasises that they can only play a complementary role in addressing the estimated EUR 33.6 billion to EUR 48 billion in new financing required by 2030 for defence companies to meet the increase in orders expected under the ReArm Europe / Readiness 2030 plan; stresses that European-level funding is essential to meet the significant funding needs of Member States; underlines that any future structural European defence funding must be designed with clear conditions set and strong oversight, drawing on lessons learned from existing instruments; Added: stresses, in this context, that, in the middle of a social and economic crisis, there is a need for social and environmental investments, rather than an arms race;

3. Amendment 5Rejected

   Paragraph 28 a (new)

   Tabled by Marc Botenga, Pasquale Tridico, João Oliveira · The Left

   Added: 28a. Calls on the EIB to stop developing mechanisms for the financing of military equipment, infrastructure, services and technologies, and to focus on social and ecological challenges only;

4. Amendment 6Rejected

   Paragraph 23 a (new)

   Tabled by Sarah Knafo · ESN

   Added: 23a. Regrets the EIB’s large-scale investments in wind turbines and photovoltaic panels, whose economic and environmental inefficiency has long been demonstrated;

5. Amendment 7Rejected

   Paragraph 24

   Tabled by Sarah Knafo · ESN

   … strategic sector is in a position to successfully manage the energy transition; Added: notes that the EU’s current energy policy has, to date, yielded the opposite effect;

6. Amendment 8Rejected

   Paragraph 28 a (new)

   Tabled by Sarah Knafo · ESN

   Added: 28a. Calls on the Member States to establish a European preference principle in their defence procurement to reinforce the European defence industry and the continent’s strategic autonomy;

7. Amendment 9Rejected

   Paragraph 41 a (new)

   Tabled by Pasquale Tridico · The Left

   Added: 41a. Encourages the EIB to expand its investment scope to include the renovation and revitalisation of housing in small villages and historic towns located in remote and inland areas of the EU, as a means to promote territorial cohesion, combat depopulation, and preserve cultural heritage; calls on the EIB to develop specific financial instruments for these interventions, ensuring that they are accessible to small municipalities and local actors; invites the EIB and the Commission to explore the introduction of financial support for enterprises participating in such renovation projects, in order to attract investment and stimulate local economic development in these disadvantaged areas.

8. Amendment 14Rejected

   Paragraph 1 a (new)

   Tabled by Jaroslava Pokorná Jermanová, Jaroslav Bžoch, Klara Dostalova +41 · Members

   Added: 1a. Takes note of the adoption of the EIB Group Action Plan on Security and Defence and calls on the EIB to continue supporting dual-use projects in line with trusted civil use principles; highlights the importance of support instruments for SMEs in the defence industry and for innovation, especially via simplified procedures and technical assistance;

9. Amendment 15Rejected

   Paragraph 3 a (new)

   Tabled by Jaroslava Pokorná Jermanová, Jaroslav Bžoch, Klara Dostalova +41 · Members

   Added: 3a. Underlines that financing strategic and innovative projects including defence, security or new technology may influence the risk structure of the EIB; calls on the EIB to maintain a sufficiently high rating profile;

10. Amendment 16Rejected

    Paragraph 14 a (new)

    Tabled by Jaroslava Pokorná Jermanová, Jaroslav Bžoch, Klara Dostalova +41 · Members

    Added: 14a. Notes that the EIB’s exclusive branding as a ‘climate bank’ is unsustainable in the context of growing security threats, economic stagnation and Europe’s technological dependence; calls on the EIB to reconsider its strategic priorities and shift financing towards areas of higher public value, such as defence, industry, innovation and energy independence;

11. Amendment 17Rejected

    Paragraph 28 a (new)

    Tabled by Angéline Furet, Jaroslav Bžoch, Klara Dostalova +41 · Members

    Added: 28a. Calls on the EIB to support the emergence of a genuine European preference for defence-related investments;