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.
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Blog / 20 mei 2020'Comfortably staying home with the family': three women in Latin American villages about the Covid-19 crisis
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Letter / 26 juni 2020
Letter to governments over wave of Covid-19 claims in 'corporate courts'
Countries could be facing 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. 630 organisations from across the world, representing hundreds of millions of people, are calling on governments in an open letter to urgently take action to shut down this threat.
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News / 26 juni 2020630 civil society groups sound alarm over wave of Covid-19 claims in 'corporate courts'
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News / 19 mei 2020Effective strategy to tackle COVID-19 calls for a global reset
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External link / 19 oktober 2020Alarm over possible wave COVID19 corporate court cases via ISDS
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.
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Blog / 30 april 2020Discovery of gas in Mozambique: blessing or curse?
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Blog / 28 mei 2020South American organisations are pushing back their boundaries
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Blog / 16 juni 2020The political and industrial elites in Indonesia grasp their opportunity
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Blog / 13 mei 2020You can’t eat gold, copper and gas
You can't eat gold, copper and gas
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Blog / 20 april 2020Call to Minister Kaag: do not waste time and help poor countries through local organisations
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Blog / 15 april 2020Now is the time! Investing in a socially just and sustainable society
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Blog / 14 april 2020Stop WTO talks until everyone can take full part in them again
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Blog / 5 mei 2020Freedom
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Blog / 16 april 2020New faces are needed for a different future
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.
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News / 19 mei 2020Women from the Niger Delta demand Shell to end pollution of air and water
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External link / 20 juli 2021Solidarity in the face of a global pandemic (Annual Report 2020)
Both ENDS collaborates with civil society organisations (CSOs) worldwide. Building strong, trusting relationships with our partners around the world is absolutely crucial to realising our vision. So when the COVID-19 pandemic hit, we immediately responded by reaching out to partners to show our solidarity and to ask them about their challenges and needs.
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News / 11 december 2020Both ENDS presents new strategy towards 2025
Both ENDS has a new 5-year strategy. It is set up along three strategic pathways that together lay the foundation for our vision to become reality: 1) An empowered and influential civil society; 2) Systemic change in public institutions that prioritizes people and planet; and 3) Transformative practices are the norm.
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Blog / 7 juli 2020Blind spot for Northeast Brazil makes local organisations indispensable
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External link / 15 juni 2022Open letter to Trade Ministers at the World Trade Organization (WTO)
Joint CSO call to all WTO Trade Ministers to not accept the current draft of Ministerial Decision on the TRIPS Agreement and demand a real Waiver
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Letter / 4 mei 2020
Letter to Minister Kaag with five recommendations to achieve the SDGs and the climate agreement
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. Both ENDS and MVO Nederland (CSR Netherlands) – are particularly concerned about what we hear about human rights, climate and the environment. We ask the Dutch government, in a letter to Minister Kaag, to commit to achieving the Sustainable Development Goals (SDGs) and the goals of the Paris climate agreement.