The Dutch development bank FMO is not sufficiently transparent about the projects it finances and is therefore acting contrary to its mandate. This is evident from a new report published by the International Accountability Project (IAP) and the Foundation for the Development of Sustainable Policies (FUNDEPS), endorsed by 28 organizations including Both ENDS, SOMO, and Oxfam Novib. The research assesses FMO's disclosure and access to information practices for investments proposed between January 1, 2019, and May 31, 2020. Only in 25% of the cases was it disclosed what potential negative consequences an investment by FMO would have for people and the environment.
Earlier this month, we learned that Golfrid Siregar, an Indonesian environmental lawyer working for our partner organisation WALHI died under suspicious circumstances. We call for a thorough and transparent investigation and have brought the case to the attention of the Indonesian embassy in The Hague and to the Netherlands' embassy in Jakarta.
The rising demand for soy is having negative consequences for people and the environment in South America. Both ENDS reminds Dutch actors in the soy industry of their responsibilities and is working with partners on fair and sustainable alternatives.
Today, an op-ed by Nathalie van Haren and Stefan Schüller was published in the Dutch national newspaper De Volkskrant about the IPCC's latest report "Climate Change and Land". Below you find the English translation.