Both ENDS
Almost two-thirds of the export credit insurances that Atradius DSB provided in the 2012-2018 period went to the fossil energy sector. That is contrary to the climate agreements that the Netherlands signed in Paris.
The official Dutch export credit agency Atradius DSB in November 2010 announced to consider support for the expansion of the Panama canal. According to the local Gatún Lake Defense Committee the project in its current shape will not only be uneconomic, but also very harmful to the environment. Recently Both ENDS informed Atradius DSB of these concerns. The ECA is currently assessing the significance of these concerns for its eventual decision to issue an insurance policy.
Large-scale infrastructural projects have detrimental effects on local people and the environment, while their benefits are felt elsewhere. Both ENDS is working to ensure that local people have a greater say in decision-making and is investigating the way these projects are funded.
This video tells the story of the families that were forced out of there homes and evicted from their lands in the Suápe region in Brazil. The local authorities have decided to expand the shipyard and the sea-harbour, but they have failed to take into account the negative impacts on the local people and their environment. Dutch company Van Oord is executing part of the dredging, supported by export credit agency Atradius DSB.
This video tells the story of the families that were forced out of there homes and evicted from their lands in the Suápe region in Brazil. The local authorities have decided to expand the shipyard and the sea-harbour, but they have failed to take into account the negative impacts on the local people and their environment. Dutch company Van Oord is executing part of the dredging, supported by export credit agency Atradius DSB.
Press Release
Dutch export credit agency Atradius DSB provides ample opportunity for money laundering and tax avoidance.
A structural lack of control on the part of Dutch export credit agency Atradius Dutch State Business (DSB) gives leeway to its customers and their partners to launder money and dodge taxes. This is the main conclusion of the study ‘Cover for What?’ done by researchers of the Dutch NGO Both ENDS. Displaying this lack of control Atradius, which is working exclusively for the Dutch State, undermines policies designed by the very Dutch State to counteract money laundering and tax evasion. The study shows three transactions backed by Atradius in which multinationals choose a seat in tax havens and handle affairs from there, using non-transparent business structures. Atradius does nothing to counter these strategies. The lack of control displayed by Dutch ECA Atradius might very well apply to similar export credit agencies in other countries.
PRESS RELEASE: Dutch dredgers ignore human rights in Suez Canal expansion
The Dutch government and the Dutch dredging companies involved in the Suez Canal expansion failed to consider the adverse impact of their activities would have on both human rights and the environment. These are the findings of SOMO and Both ENDS in their research report ‘Dredging in the Dark’. Four companies worked day and night to dredge 200 million m3 of sand in a record-breaking time of nine months, which negatively affected local residents. Financial risks were covered by the Dutch export credit insurance company Atradius DSB, on behalf of the Dutch Ministry of Finance.
