Both ENDS
The world's forests are under threat. Remaining forests – havens of precious biodiversity and the lungs of the planet – are being cleared to make way for beef, soy, sugar and palm oil production, mining and other industrial activities, fuelled by increasing demand from Europe and other countries. But the good news is: you can help stop the destruction!
Environment and human rights organisation Both ENDS is bringing legal action against Boskalis, after the Dutch dredging company continually ignored requests for information on a controversial sand extraction project in South Sulawesi, Indonesia. Boskalis is extracting sand off the coast of Sulawesi for expansion of the port in the capital, Makassar. The extraction activities are affecting fishing grounds, making it impossible for local fisherfolk to earn their livelihoods.
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.
