Both ENDS, SOMO, Oxfam Novib and Recourse sent in a submission to FMO's public consultation on its Position Statement on Financial Intermediaries. In this position statement, FMO only takes limited responsibility for the consequences of its investments through so-called financial intermediaries. We call upon FMO to publish a position statement that focuses on protecting human rights and the environment and take full responsibility for this.
In preparation for the United Nations Conference on Sustainable Development or Rio+20, which will take place in June, Both ENDS published a document in February to start the discussion on the progress of events. In this policy note, Both ENDS has made some suggestions to improve "the Future we want" which is the 'zero' draft of the negotiating document, in an effort to maximize the chance of a successful outcome of the conference.
Take yourself on a trip back in time. Go to Mar del Plata, Argentina, in the year 1977. A high profile international conference is taking place under the auspices of the United Nations, full of hope and burdened with lofty aims. In that year, only 20% of the world's rural population in developing countries had access to safe drinking water.
There are still over one billion people who have no access to safe drinking water and basic sanitation. The increasing scarcity of water around the world makes the problem all the more urgent. However, the growing international recognition of the right to water and sanitation is the first step in the right direction. This right gives poor and vulnerable groups the ability to stand up to political neglect. It empowers them to approach national and international courts of justice to demand clean drinking water.
Together with 29 other CSO's, we've submitted our comments and recommendations in the Public Consultation on the AfDB Integrated Safeguards System. These include that the Bank should prioritize community-led development and human rights-based approaches; protect natural resources and tackles environmental and climate crises; raise the bar on access to information, transparency and accountability; facilitate participatory processes in policies, programmes and projects; and end inequality, poverty, and the cutback and privatization of vital services.
A coalition of 13 Dutch organisations calls on investors like banks, pension funds and insurers to divest from TotalEnergies because of its EACOP project in Uganda and Tanzania. This new pipeline is causing human rights abuses, increased poverty, environmental pollution and climate change, and also TotalEnergies is using loopholes in the tax system to avoid taxes.
The letters has been send, among others, to the banks ABN AMRO, ING and Van Lanschot Kempen, pension funds ABP, BPL, PFZW, PMT and PNO media and the insurers Aegon, Allianz and Nationale Nederlanden. Together, the Dutch investors own shares and obligations worth more than 2.1 billion euros.
25 civil society organisations, including Both ENDS have submitted a comment on the overarching policy of the newly proposed Environmental and Social Framework of the EIB Group. The EIB has to undertake environmental, climate, social and human rights assessment and appraisal of proposed projects to inform the decision of financing and must not rely on a clients' self-assessment and reporting (solely). The Policy needs to state clearly what the due diligence, monitoring and reporting responisibilities for the EIB are, in particular regarding human rights and contractual clauses with clients should enshrine the standards in all EIB operations, enabling for suspension of contracts if the standards are not implemented.