Invest International – a golden opportunity to green our trade relations
Since his previous government, prime minister Mark Rutte has wanted to create a green legacy with Invest-NL and Invest International, two new financial organisations. With the advent of the COVID-19 crisis, these organisations are more important than ever. Aiming to stimulate investment in sustainable and social projects, they will operate at a distance from the government so that they can act quickly and efficiently. With an initial budget of 2.5 billion euros, they will give financial support to companies active in sectors that the market avoids and which are at the heart of the transition. At Both ENDS, we see that as an essential step in closing the door for good on our old polluting lifestyle and putting sustainability at the centre of developments in the energy sector, in the organisation of our transport and mobility system, in how we produce our food and in the design of our cities.
Wouter Bos, former Dutch deputy prime minister, is in charge at Invest-NL, which was formally set up in 2019 after being approved by parliament. Now, Invest International is in the starting blocks. It is expected to make a flying start now that our economy has to emerge from the shock generated by COVID-19 as quickly and effectively as possible. As a trading nation, the Netherlands rightly looks not only within the borders of our small country, but also at the global arena, where a large part of our economic activities take place.
We are now faced with a golden opportunity. Now that everything is starting to move more quickly and at the same time there is a growing and lively discussion about what kind of future we want and where we should and should not invest, it is high time to take advantage of Invest International to pump capital into the economy of the future. Because the new fund will operate at a distance from the government, and therefore from democratic control mechanisms, it is crucial that the legislative framework in which it works – to be proposed later this year – lays down clear guidelines.
In concrete terms, this means in any case checks and balances to ensure that subsidies, insurance and other instruments do not have harmful effects on people and the environment. The fund’s activities should be based on existing international frameworks like the Paris Agreement and agreements on human and labour rights. In line with article 2.1c of the Paris Agreement, projects in the fossil sector must be excluded from funding by Invest International. Foreign trade and development minister Sigrid Kaagtook a promising first step in this direction in her financing letter (in Dutch) of February 2019.
Exclusion – determining in advance what Invest International above all must not finance – is important. But the scope for real ambition lies of course in what Invest International does wish to do. What is the aim of the fund? As far as we are concerned, the more ambitious it is, the better. Invest-International can profile itself as an organisation that can help Dutch companies wishing to make the world more fair and sustainable to access a global market that currently offers them insufficient opportunities. By basing its operations on international climate and human rights agreements, Invest International can contribute to achieving the Paris climate goals and the Sustainable Development Goals, and promote gender equality. We are more than willing to mobilise our international networks, which are full of knowledge and experience on sustainability, to help achieve these ambitions.
Read more about this subject
Blog / 13 May 2020
You can't eat gold, copper and gas
"The virus is spreading quicker than the information" – that was the first we heard in the Netherlands about COVID-19 in many African countries and the measures they were taking to tackle it. While states of emergency were announced, borders were closed and we saw image after image of violent police and army responses, many people outside the big cities did not know that what was going on. When the situation became clearer, serious concerns arose about the consequences of the measures that had been taken: the informal economy coming to a standstill, food shortages and internal migration flows.
Blog / 5 May 2020
Today the Netherlands is celebrating freedom. Our freedom goes further than living in peace. We have the freedom to discuss policy to our hearts’ content on, for example, ending the lockdown on television, in the press and on social media. We can do that freely because we know that our rights to freedom of expression are well protected. But how different that is in countries where authoritarian leaders are grasping the crisis as an excuse to throw these rights out with the trash and rule with an iron hand.
Blog / 15 April 2020
After Dutch Minister of Finance Wopke Hoekstra had brought the fury of the Southern European countries down on his head on 26 March by blocking the European emergency fund, the Dutch were suddenly 'small-minded and selfish‘ (Parool) and we should ‘go on holiday somewhere else‘ (RTL News). The tone was set. The difficulties encountered in making agreements on support at European level contrast sharply with the speed with which the welcome support measures for employers, entrepreneurs and companies had been announced in the Netherlands two weeks earlier. We have learned nothing from our own past, while everyone benefits from greater priority for solidarity.
Blog / 16 April 2020
In this time of crisis-driven reflection we can read telling analyses of past and present on all sides which are being translated into agendas for action. Many of the analyses address issues like inequality, climate, the financial sector, health care, education and women’s rights. They talk about ‘what’ and much less about ‘who’ or ‘how’.But a different future can only be built together with everyone, young and old, men and women. This future will not simply happen to us; we ourselves have a hand in it. It is time for new faces around the table, with new voices. It is time for a new future.
Blog / 14 April 2020
The World Trade Organization (WTO) is often seen as an institution in crisis, powerless and no longer relevant, and especially after US president Donald Trump decided in 2019 to pull the plug on one of the WTO’s most important bodies (the one dealing with trade disputes). Now, more than 150 civil society organisations, networks and interest groups from around the world have signed an urgent letter to WTO Director General Roberto Azevedo, because they are seriously concerned about the state of affairs within the organization.
Blog / 30 April 2020
COVID-19is placing our economy under a magnifying glass. Now that a large part of global trade has come to a standstill, the tension between international economic activity and local well-being is becoming more visible. That is very clear in northern Mozambique, where one of the world’s largest gas fields was discovered in 2011. Dutch companies are investing in the processing and transport of the gas.
Blog / 16 June 2020
In September 2019, the streets of Jakarta were filled with angry demonstrators protesting against the Omnibus Employment Law. The law will ease the rules for mining, make it much more difficult to hold companies liable for criminal acts and severely restrict the power of the national anti-corruption committee. At the moment, such protests are completely impossible in Indonesia because of the COVID-19 crisis and the associated lockdown measures. And Indonesian people already had few other means of exerting influence on decision-making and legislative processes.
Blog / 12 May 2020
Post-corona economy: five recommendations for the Dutch government on achieving the SDGs and the goals of the climate agreement
By Daniëlle Hirsch and Maria van der Heijden
The social debate on the Netherlands' role in the global economic crisis is now in full swing. At the centre of the debate is the question: how can we compensate for the setbacks affecting the Dutch economy without losing sight of efforts to make international trade and production chains more sustainable? We – Both ENDS and MVO Nederland (CSR Netherlands) – are particularly concerned about what we hear in these discussions about human rights, climate and the environment. That these are 'luxury problems' which we have no time to address at this time of crisis. And this, while the Corona crisis is showing us just how closely our current economy is irrevocably intertwined with the pollution of the planet and is making people all around the world more and more vulnerable. In short, we have to make our economy more resilient to such shocks. And that means committing ourselves to achieving the Sustainable Development Goals (SDGs) and the goals of the Paris climate agreement. We therefore address ourselves first and foremost to the government.
Blog / 20 May 2020
'Comfortably staying home with the family': three women in Latin American villages about the Covid-19 crisis
"The Covid-19 crisis is affecting everyone, but in different ways. In some countries, people are feeling the consequences less than in others, in cities the problems are completely different to in the countryside, and men are suffering from the restrictions totally differently to women. Some of the organisations that we work with in Latin America talked to rural women about the effects of the crisis on their everyday lives and what they are doing to keep their heads above water. Below is a small selection from these conversations (freely translated from Spanish) to give some idea of the situation women in remote areas are finding themselves in, of the enormous solidarity they are experiencing and of the solutions, which largely lie in stimulating local food production." - Danielle Hirsch
Blog / 28 May 2020
The Rio de la Plata Basin in South America extends across Argentina, Bolivia, Brazil, Paraguay and Uruguay. The livelihoods of the millions of people who live there – city-dwellers, small farmers and fishers, and indigenous peoples – are under pressure from soya cultivation, mining and logging, and by the construction of dams and ports. The COVID-19 crisis is making the situation even worse.
Blog / 20 April 2020
The world is turned upside down in this pandemic. Ordinary life is disrupted on our end. Many people suffer from the ‘polder lockdown’, although fortunately we have enough resilience and safety nets to meet our most urgent needs. Unfortunately, outside the Netherlands this all too often lacking. Especially in countries where public health structures are weak and where people are in a total lockdown. Because local communities that are shackled today may be hungry tomorrow. And aid and money does not naturally flow to the most vulnerable citizens there. So extra financial support is urgent.
News / 19 May 2020
On Monday 11 May, at the government's request, the Advisory Council on International Affairs (AIV) published an emergency advisory report on how the Netherlands can make an effective contribution to the worldwide fight against the Corona virus. Together with companies, scientists and environmental, human rights and development organisations, Both ENDS is today presenting a response to this report, in which we make a number of suggestions for investing in countries and people with insufficient resources to tackle the crisis effectively.
Blog / 17 February 2018
On 7 February, Dutch newspaper Trouw published an article on abolishing subsidies for fossil fuels. The article claimed that the measure would only generate a limited climate benefit. Yet the study on which the article is based shows the opposite. Niels Hazekamp (Both ENDS) and Laurie van der Burg (Overseas Development Institute, ODI) wrote a short opinion article on the issue.
External link / 19 October 2020
Countries might face a wave of cases from transnational corporations suing governments over actions taken to respond to the Covid pandemic using a system known as investor-state dispute settlement, or ISDS. In June 2020, 630 organisations already called on governments to urgently take action to shut down this threat. With this video we invigorate this message, as the threat, unfortunately, has not decreased.
News / 29 June 2020
On 23 July 2020 a global network of NGOs working to strengthen corporate accountability for environmental destruction and human rights abuses, including Both ENDS, published an open letter to European Commission DG Justice Commissioner Reynders. The letter is a response to his recent commitment to propose legislation in 2021 on both corporate due diligence and directors’ duties as part of an initiative on sustainable corporate governance.
News / 7 October 2018
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.
Press release / 29 June 2020
Germany must use its influence as president of the EU in the second half of this year to ensure that the controversial EU-Mercosur free trade agreement is not signed. This is the message in a letter presented to German chancellor Angela Merkel today by 265 civil society and environmental organisations from the EU and Mercosur countries. The deal between the EU and Argentina, Brazil, Uruguay and Paraguay will stimulate destruction of the natural environment and the violation of human rights in vulnerable areas in South America. The agreement will also give European farmers an unfair competitive advantage. Dutch signatories to the letter include Greenpeace and Both ENDS and various organisations united in the Handel Anders! coalition.
In these times of worldwide lockdown all attention is focused on the care sector, on the sorrow of those who are losing their loved ones, on children getting home-schooling and the neighbour who can no longer go the supermarket herself. Politicians and civil servants are hard at work trying to control the COVID-19 crisis and the economic crisis it has caused.
Blog / 19 September 2019
Reward high-risk international business projects investing in a green future and stop support for the international fossil industry
The climate is 'hot'. Everyone is talking about it. 'Everyone needs to do something' calls the government in its recently started public campaign. Good plan. Let's really do something. For a start, we can stop supporting international trade in fossil energy by our own multinationals. That would free up 1.5 billion euros which we could use to combat climate change on an international scale and at the same time give our own innovative businesses a boost. Today's Vergeten Klimaattafel (Forgotten Climate Roundtable) will discuss the opportunities for the Netherlands to have a real impact. And those opportunities are enormous. Because our big money and our influence lie beyond our borders.
Blog / 7 July 2020By Eva Schmitz
Pernambuco, is in the extreme northeast of Brazil, is one of the country's poorest regions. One of the most important projects aimed at stimulating development in the state is the expansion of the deep-sea port of Suape, complete with an oil refinery and shipyards. The port covers an enormous area; at 13,500 hectares it is bigger than all the different sites of the port of Rotterdam together. Unfortunately, the port lies in the middle of an exceptional and vulnerable ecosystem of mangrove forests and Atlantic rainforest, which are under serious threat from the expansion. Furthermore, the livelihoods of the approximately 25,000 people living in the area are at risk. Most of these people are so called 'traditional communities' of artisanal fisher folk including a number of Quilombola communities whose inhabitants are descended from enslaved people who have lived in this lands for hundreds of years. The communities' fishing catch is visibly declining as a consequence of industrial pollution, the most serious case of which was the oil spill that badly affected the whole coast of Northeast Brazil at the end of last year.