Both ENDS
Yesterday, the French President Macron, the President of the World Bank Group, Jim Yong Kim, and the Secretary-General of the United Nations, António Guterres, met with international leaders and committed citizens from around the world in Paris. According to the organisers, the aim of this gathering was to 'address the ecological emergency for our planet' as 'two years to the day after the historic Paris Agreement, it is time for concrete action.'
"If it is the fossil fuel-based ‘real economy’ that is driving us toward catastrophic climate change, it is the financial world behind the steering wheel." Therefore in 2019, Both ENDS worked towards fossil free investments by both individuals and public institutions such as the European Investment Bank (EIB).
For a moment it appeared that the European Investment Bank (EIB) decided to stop investments in coal fired power plants. The bank even seemed to have issued a press release on the matter. But, unfortunately, the message was not real. During the annual press conference of the bank the activists, who were the source of the fake press release, stroke again. In the name of ‘the citizens of Europe’, EIB president Werner Hoyer was awarded with the ‘World Coal Down Award’. Hoyer, who was confused for a second, did not accept the award. The EIB fiercely denied the rumors surrounding the investment stop on coal with the term 'pure nonsense'.
Each year Both ENDS organises Political Cafés and expert meetings on development issues. Our work with Southern Civil Society Organisations often makes us aware of the negative effects of the policies of Multi Financial Institutions (MFIs), such as the World Bank and the IMF. The Political Cafés and expert meetings often focus on making these institutions more transparent. Working with our Southern partners we recently addressed the issue of the human right to water and sanitation, by holding a Political Café on this issue at the World Bank's headquarters in Washington DC.
Together with Indonesian CSOs Both ENDS is calling on the Asian Infrastructure Investment Bank (AIIB) to intervene and direct its client, the Indonesia Tourism Development Corporation (ITDC), and its borrower, the Government of Indonesia, to immediately halt this week's ongoing forced evictions in Tanjung Aan Beach and surrounding areas in Mandalika, Lombok.
The European Bank for Reconstruction and Development (EBRD) plans to give multinational Monsanto 40 million dollars to sell seeds and pesticides in Eastern Europe. Farmers and environmental groups from all around the world are shocked, since Monsanto is known for promoting genetically modified crops and pesticides. Today Both ENDS and partners from Eastern Europe requested the EBRD to stop this project.
Both ENDS' Political Cafe on forest management in the Congo, held on May 6, brought together two of Both ENDS' Congolese partners, Adolphine Muley (UEFA) and Alphonse Valivambene (Réseau CREF) with representatives from the World Bank, the European Commission, and the Dutch Ministry of Foreign Affairs.
A number of Honduran organisations sent a letter to the FMO management to call on FMO not to do business with Honduran bank FICOHSA. The bank has close ties with the elite in Honduras, which holds considerable power in politics, the (para)military and the business community.
‘The polluter pays’ is a good principle, but what about the institutions that financially support polluting companies and projects? Shouldn’t banks, that are often major investors in unsustainable activities, take their responsibility and pay as well? In the end, these banks also cash in. Pieter Jansen of Both ENDS contributed to research about the ‘Green Credit Policy’ of Chines banks, executed by the Chinese NGO ‘Green Watershed’. Pieter Jansen of Both ENDS and Chen Yu of Green Watershed have launched the report 'Green Credit Footprints of Chinese Banks'.