Now is the time! Investing in a socially just and sustainable society
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.
No one denies that it is necessary to relieve short-term need in the Netherlands. But anyone who takes action here but refuses to take responsibility for people beyond our borders is not displaying good leadership. After much bickering, there is now a package of joint EU measures to tackle the immediate economic consequences of the COVID-19 outbreak. Or perhaps not? EU member states may be able to make unconditional use of the emergency fund to medical costs, but economic support is only provided in exchange for economic reforms.
That is reminiscent of the 1990s, when the World Bank and the IMF provided financial support to developing countries on condition they introduced far-reaching economic adjustment measures. That policy had the opposite effect: not only were countries hampered in their development, they also accumulated debts that they cannot pay off. Despite this experience, in 2012– with the enthusiastic approval of the Netherlands – Europe demanded exactly the same from Greece, and with practically the same consequences. How different that is at home: to keep the Dutch economy up and running, companies are given additional support with hardly any conditions being imposed, while this is a perfect opportunity to ensure that these funds are used in a way that is sustainable and socially just.
Satisfying urgent needs in our own country must go hand in hand with a medium-to-long term vision of the future of the Netherlands, Europe and the world. If we keep providing support without learning the lessons of the past, the global economy will grind to a halt and recession will become a reality. Millions of people now face immediate danger because of the virus and are losing their jobs and their livelihoods. That is in no one’s interest, including the Netherlands. As a small country with an open economy, we are dependent on what happens around us.
The good news is that we can do things differently. The crisis offers opportunities to build a new world based not on financial gain but on solidarity. A first step in the right direction is to announce a moratorium on debt. A second is to scrap the counter-productive and obsolete austerity requirements on which financial support is conditional.
It takes courage and leadership to work towards such a future, but let us do what is really necessary.Work on mutual trust between countries. Be aware that we are all part of a world on which we ourselves are dependent. Let us now, while it is possible and urgently necessary, give the world a push in the right direction by making extra investments in socially just and ecologically sustainable societies.
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 / 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 / 13 April 2020
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.
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 / 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 / 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 / 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.
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.
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.
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 / 29 January 2019
The climate debate in the Netherlands is bogged down in what we can change at home and does not touch on our actions abroad. And that is a missed opportunity. Precisely because our international trade model is both so influential and, at the same time, such a widespread cause of pollution, changes in that policy can have an immediate effect.
News / 19 May 2020
Communities in the Niger Delta have been affected by air and water pollution due to Shell's activities for decades. This year, at Royal Dutch Shell's annual meeting, Kebetkache Women's Resource and Development Centre held Shell accountable for the consequences of their activities. Clean-up of oil spillages and ending gas flaring is becoming even more urgent in the fight against COVID-19, in which clean water is crucial to prevent the spread of the virus.
News / 31 March 2020
In these past months, the world has been rocked by a new major threat, in addition to climate change: the rapidly spreading COVID-19 virus. Large efforts are being made in many places to deal with this crisis and, understandably, the concerns about the climate have, faded somewhat into the background. We don't know what the future holds or when the COVID-19 crisis will be behind us, but unfortunately it is certain that global climate change has not stopped by then. This is why, even though so many urgent matters have to be dealt with, we continue to support global climate action.
This Friday April 3rd, global online climate actions will take place. We call on everyone to join and share these actions.
Press release / 6 May 2020
The value of ABP's pension fund investments in fossil fuel companies has fallen by 44% from end of last year to its lowest point on March 16 this year, while the value of the rest of the portfolio decreased by 26%. This impact can be seen in simulations based on the publicly available equity portfolios of Dutch pension funds ABP and Zorg en Welzijn (PFZW), carried out by research agency Profundo on behalf of Both ENDS. The simulations show that the risks of investing in the fossil fuel sector are increasing.
News / 23 March 2020
In many places in Latin America, access to clean water is under great pressure from overuse and pollution, often caused by large-scale agriculture or mining. This has significant impact, especially on women. In March, with International Women's Day on March 8 and World Water Day on March 22, they make themselves heard and claim their right to water.
Blog / 23 March 2017
Whenever I see pictures of the people in the Dutch province of Groningen whose houses are collapsing because of gas extraction and who, even if they wanted to move somewhere else, would never be able to sell them, I can't help but think of all the people worldwide who have been experiencing the same problems, sometimes for decades. Every time I see the anger and powerlessness of the people of Groningen, the comparison to the many people we have been working with for many years in many parts of the world comes to my mind.
Blog / 25 November 2016
This is the text of the speech given by Danielle Hirsch on the 'Nacht van de Tegenmacht' (Night of Countervailing Power)