Both ENDS
Extreme weather events, environmental degradation and stakeholder activism force companies to reconsider climate change as an aggravating risk with tangible impacts on global supply chains, business performance, brand reputation and ESG ratings. Business strategies that neglect adequate environmental action can lead to consumer boycotts, negative media attention, investor runs and even legal action.
These past weeks we have been joining the #WeWomenAreWater campaign to put the spotlights on just climate solutions of and for women, girls, trans, intersex and non-binary people around the world. The campaign started on International Women's Day (March 8th) and ends today, on World Water Day. Just climate solutions already exist but these initiatives are grossly underfunded, and the people implementing them are also those most impacted by climate change and climate-related water scarcity. Therefore, we would like to highlight, especially today on World Water Day, some of these solutions below. And we also have a special message from the colleagues at Both ENDS working on inclusive water governance.
Reward high-risk international business projects investing in a green future and stop support for the international fossil industry
The climate is 'hot'. Everyone is talking about it. 'Everyone needs to do something' calls the government in its recently started public campaign. Good plan. Let's really do something. For a start, we can stop supporting international trade in fossil energy by our own multinationals. That would free up 1.5 billion euros which we could use to combat climate change on an international scale and at the same time give our own innovative businesses a boost. Today's Vergeten Klimaattafel (Forgotten Climate Roundtable) will discuss the opportunities for the Netherlands to have a real impact. And those opportunities are enormous. Because our big money and our influence lie beyond our borders.
We asked three of our partner organisations to tell us how climate change is already affecting the daily lives of the people they work with, what they are doing to turn the tide and if they think the Climate Court Case against Shell can be important in the context of climate change. Jahin Shams Sakkhar of UTTARAN (Bangladesh) talks about floods, salinity and (in)justice.
Joint press release from Both ENDS and Fossielvrij NL - 26 March 2019
A group of 22 wealthy Dutch investors have decided to disinvest all their personal capital, worth a total of 200 million euros, from the top 200 oil, gas and coal companies. The investors have pledged to disinvest all their capital from the fossil industry within three to five years. By doing so, they are giving a clear signal that they do not want their capital to contribute to disastrous climate change.
