Both ENDS
Both ENDS letter to the Asian Infrastructure Investment Bank on the Environmental and Social Framework review.The AIIB adopted its Environmental Social Framework shortly after it opened for business in 2016. In fact, the AIIB didn't consult widely for the draft policy at the time. A full review in fact still has to be conducted.Safeguards policies are of crucial importance for project affected people to hold banks to account. However, Environmental and Social Frameworks (ESF) nowadays replace safeguards at banks. The ESF model leads to a reduction of a Bank's direct and mandatory role in overview, including due diligence, monitoring, and evaluation, of Bank funded activities and investments, along with a shift towards a greater reliance on client self-assessment and self-reporting.
Both ENDS calls on the government only to provide export credit insurance to sustainable projects that cause no social and/or environmental damage in the countries where they take place.
'Water for development' was the topic of the annual World Water Week (WWW), which was held last week in Stockholm for the 25th time. Thirza Bronner, Sanderijn van Beek and Cindy Coltman of Both ENDS were present, together with partners Serah Munguti of ‘Nature Kenya’ in Kenya, and Suu Lam from the ‘Centre for Social Research and Development (CSRD)’ in Vietnam. In light of this year’s theme, Both ENDS decided to invite these two outspoken women leaders to this conference to bring strong civil society voices to the table. They took part in a roundtable session that was marked by enthusiastic participation of policy makers, donors and NGOs. During the session, Munguti and Lam told us about their organisational objectives, their experiences and how ‘water for development’ translates into their practice.
On Monday 11 May, at the government's request, the Advisory Council on International Affairs (AIV) published an emergency advisory report on how the Netherlands can make an effective contribution to the worldwide fight against the Corona virus. Together with companies, scientists and environmental, human rights and development organisations, Both ENDS is today presenting a response to this report, in which we make a number of suggestions for investing in countries and people with insufficient resources to tackle the crisis effectively.
Global public support for coal is decreasing. Obama has pledged to stop American support for public financing of new coal plants outside the U.S., the World Bank has announced to phase out support for coal projects and some large private banks are withdrawing from fossil fuels. But what about export credit agencies (ECAs)? Until now, ECAs have not withdrawn from coal projects. On the contrary: while other investors gradually cease their support to coal projects, export credit agencies are investing in coal more than ever. On June 11, an alliance of 50 NGOs, including Both ENDS, published a recommendation to the OECD calling for an end to export credit support for coal.
