Both ENDS
Amsterdam, 8 July 2021 – The Shell ruling has consequences for the financiers of major climate polluters. That is the message in a letter from a number of civil society organisations, including Oxfam Novib, Eerlijke Geldwijzer, Milieudefensie, Greenpeace and Both ENDS, to the biggest banks, pension funds and insurance companies in the Netherlands. In the letter, they call on the financial institutions to reduce CO2 emissions from loans and investments in line with the 1.5 degrees goal laid down in the Paris climate agreement.
During the formation of a new Dutch government after the general elections in March, a group of concerned citizens is holding a wake in front of the Prime Minister's residence to remind the political leaders of the climate crisis. On Friday May 28, they will pay attention to the international aspect, initiated by Cordaid, Oxfam Novib, Care, ActionAid, WECF, Hivos and Tearfund. Both ENDS is happy to support the initiative.
Dutch pension money is invested heavily in companies that contribute to deforestation in the Amazon region and the Cerrado savanna in Brazil, such as soy, animal feed and beef companies. This is concluded in a report published today by Profundo, commisioned by the Fair Finance Guide, Hivos and Both ENDS. All ten pension funds that were examined invest in these types of companies, with the ABP pension fund and Pensioenfonds Zorg en Welzijn on top with investments worth EUR 580 million and EUR 383 million respectively.
On September 20 and 27 the global climate strike takes place. Both ENDS joins the Dutch Climate Strike on September 27 in The Hague. This is why.
Europe's future. What does it look like and, more importantly, what kind of Europe do we want?
