The Dutch pension fund, ABP, invested about two billion euros more in the fossil energy industry at the end of 2016 than the year before. This is announced by the report "Dirty & Dangerous: the fossil fuel investments of Dutch pension fund ABP," published today by Both ENDS, German urgewald and Fossielvrij NL. The report criticizes these investments because of the impact on the climate and the catastrophic consequences for the people in the areas where coal, oil and gas are being produced.
We are very proud that our director Daniëlle Hirsch has been included again in the ‘Sustainable 100’ (an annual ranking list published by Dutch newspaper Trouw), and has gone up more than 40 spots compared to last year! Danielle was included in the list because of the many things she does with her organisation as a whole, but she got the higher ranking for the way she combines her criticism of the destructive role of the Netherlands as a trading nation and large cause of CO2 emissions in the world (often supported by the Dutch government), with a constructive attitude when it comes to finding alternatives and solutions.
This short animation functions as a primer to the policy paper written by Both ENDS, and makes the case for an investment policy that aims for an energy independent Netherlands, a country that goes about its daily affairs in a social and environmentally sound way.
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.
Press release 24 October 2019
Starting today, investors can use five criteria to test whether companies in the fossil sector are actively working on phasing out their fossil activities. Too many investors still seem hesitant to switch to a profitable future of sustainable energy and these criteria should help them do this. The organisations DivestInvest Network, Sustainable Energy (Denmark) and Both ENDS (the Netherlands) publish the report "Managed Decline of Fossil Fuel Businesses" today, which describes these five criteria. The criteria aim to help investors choose investments that are in line with the Paris goal "stay below 1.5 degrees Celsius warming." The recommendations are presented at the World Pension Summit deliberately, because pension fund investors in particular can take more responsibility in this.