Both ENDS
Ikal Angelei, founder of Friends of Lake Turkana in Kenya, a partner organisation of Both ENDS, received the prestigious Goldman Environmental Prize this week for her battle against the construction of the infamous Gibe 3 dam in Ethiopia. The construction of this dam would severely damage the ecosystem around Lake Turkana and have disastrous consequences for the indigenous people and their natural habitat.
Dutch pension money is invested heavily in companies that contribute to deforestation in the Amazon region and the Cerrado savanna in Brazil, such as soy, animal feed and beef companies. This is concluded in a report published today by Profundo, commisioned by the Fair Finance Guide, Hivos and Both ENDS. All ten pension funds that were examined invest in these types of companies, with the ABP pension fund and Pensioenfonds Zorg en Welzijn on top with investments worth EUR 580 million and EUR 383 million respectively.
On December 16th Jubilee Netherlands is organising a Political Café in collaboration with Both ENDS and Oxfam Novib. The purpose of the meeting is to connect the debt problems of developing countries to the current debt crisis in Europe. What lessons can be learned from past debt relief initiatives and in which way were they successful?
Regional governments in Asia will soon decide whether to proceed with the construction of Xayaburi Dam in northern Laos. This will be the first of eleven dams that are planned for the Lower Mekong Mainstream. Both ENDS asks your support in protecting The Mekong River and the millions of people who depend on it by signing the petition.
Click here to sign the petition
This year, the Organisation for Economic Cooperation and Development (OECD) is celebrating its 50th anniversary. On this occasion it published a book focusing on 50 years of export credits. Wiert Wiertsema (Both ENDS) writing on behalf of ECA Watch, however, thinks that this is a momentum that asks for reforms, rather than hurrays.
Replanting a watershed with trees made possible by a micro loan of € 1000: ten years later, this investment still ensures that an entire community has clean drinking water. This small success was further discussed last April at 'Small Grants', a two-day event organized by Both ENDS.
Dutch development bank FMO is considering investing in the controversial Ficohsa bank in Honduras. The bank has close ties with the elite in Honduras, which holds considerable power in politics, the (para)military and the business community. Last Wednesday, a number of Honduran organisations, including the indigenous organisation COPINH – whose leader Berta Cáceres was murdered in 2016 – sent a letter to the FMO management. The letter, signed by forty organisations including Both ENDS, calls on FMO not to do business with this bank.
Amsterdam, 3 February 2020 - A step forward, but oil and gas remain a blind spot in Dutch pension fund ABP's new investment policy published today. That's what environmental organisations Both ENDS, Fossielvrij NL, Greenpeace Netherlands and urgewald say in response to the new climate policy of the EU's largest pension fund, with assets over 442 billion euros. Although ABP is taking first steps to invest sustainably, more is needed to stop the climate crisis.
The Dutch government expects PEFC International to undertake an investigation into its own role as a forest certification system, using the Malaysian Timber Certification Scheme (MTCS). "It is about time the Dutch government takes a leading role in ensuring Malaysian timber entering The Netherlands is not associated with deforestation and human rights abuses," states Paul Wolvekamp of Both ENDS. "Considering that the Dutch government has the ambition to build 900.000 houses in the immediate future, involving massive volumes of timber, such as timber from Malaysia for window frames, builders, contractors, timber merchants and local governments rely on the Dutch government to have its, mandatory, timber procurement better organised, i.e. from reliable, accountable sources'.