The world's forests are under threat. Remaining forests – havens of precious biodiversity and the lungs of the planet – are being cleared to make way for beef, soy, sugar and palm oil production, mining and other industrial activities, fuelled by increasing demand from Europe and other countries. But the good news is: you can help stop the destruction!
100+ NGOs launch #Together4Forests urging EU action
Fires raging in the Amazon are started deliberately to make way for large-scale industrial agriculture – and EU market demand for commodities produced on former-forest land is adding fuel to the fires. Globally, the EU is responsible for over 10% of forest destruction through its consumption of commodities like meat, dairy, soy for animal feed, palm oil, coffee and cacao.
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.
Today, more than 340 organisations from both South America and Europe, including Both ENDS, have sent a joint open letter to European Union leaders calling for the EU to cease negotiations on the EU-Mercosur Free Trade Agreement. The organisations and their constituencies are seriously concerned about increasing violations of indigenous human rights and damage to nature and the environment in Brazil.
The rising demand for soy is having negative consequences for people and the environment in South America. Both ENDS reminds Dutch actors in the soy industry of their responsibilities and is working with partners on fair and sustainable alternatives.