Export Credit Agencies and development finance in the EU
We are seeing increased interest in the EU for blending different development financial instruments with export credits, even though export credits are not fit for this purpose. The European Commission is developing plans for using so-called export credits for financing everything from raw materials, to development projects, to weapons. A new report of Counter Balance is shedding light on the significant environmental and social impacts of projects financed by ECAs.
Export credits are being named as a possible way of financing projects through the EU's Global Gateway program. This is concerning to us, as past experience has shown that export credit agencies (ECAs) are lacking in transparency and social and environmental due diligence criteria.
We recommend stopping this blending of ECAs and DFIs, to revisit export credit rules to reflect EU policy objectives, and establish robust transparency and accountability mechanisms.
Read more about this subject
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News / 29 mei 2024
Serious questions about possible Dutch export support for Mozambique's LNG gas project
Members of Parliament Daniëlle Hirsch (PVDA-GL) and Christine Teunissen (PVDD) ask serious questions about possible Dutch export support for the Mozambique LNG gas project. Both ENDS has been advocating for the file for years.
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Letter / 4 mei 2023
Letter from NGOs to Dutch export credit agency: CSR policy must be strengthened
The Dutch government, through its export credit agency Atradius DSB (ADSB), provides export support to companies that undertake activities abroad. The state wants projects it insures to have no negative consequences for people and the environment and therefore sets requirements for corporate social responsibility (CSR). A consultation on CSR policy ran until the end of April, to which a coalition of thirteen social organisations from the Netherlands and abroad, including Both ENDS and Milieudefensie (Friends of the Earth the Netherlands), responded.
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External link / 24 augustus 2022
A breakthrough in finance, a break with fossil fuels (Annual Report 2021)
Both ENDS works with partners worldwide to amplify the voices of communities that are experiencing first-hand the devastating social and environmental impacts of unsustainable financial policies and practices – from climate change to pollution to forced displacement. For more than two decades, we have worked to draw attention to an obscure, yet hugely influential type of financial institution: export credit agencies (ECAs).
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News / 4 mei 2021
Is the Netherlands’ export credit insurance support for fossil projects legal?
Today, two independent experts brought out a legal opinion on the obligations of countries and their export credit agencies under international law in relation to export support for fossil fuels. According to the report, emissions by fossil fuels and the related infrastructure need to be reduced urgently.
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Publication / 15 maart 2023
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Publication / 17 februari 2022
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Press release / 19 mei 2021
Despite violence, 900 million euros in Dutch export support to Van Oord in Mozambique
Amsterdam, 19 May 2021 – On 25 March, a day after violent attacks in northern Mozambique, the Dutch state decided to provide dredging company Van Oord with export credit insurance worth 900 million euros for its activities in the country. The company is conducting dredging operations for a highly controversial gas project that, according to Mozambican interest groups, is playing a prominent role in the escalating violence in the region. Civil society organisations Both ENDS, Milieudefensie and Oil Change International and their Mozambican partners are alarmed about the situation and have called the Dutch government and Dutch export credit agency Atradius DSB to account.
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News / 21 juli 2020
Is the Netherlands insuring a controversial gas extraction project in Mozambique?
At the end of last week, oil and gas company Total announced that, through its export credit insurer Atradius DSB, the Dutch government is participating in a funding package for a controversial gas extraction project in Mozambique. The project, in which various Dutch and foreign companies are involved, is having a deep impact on the local population and the natural environment in the area. Which Dutch companies the government will be insuring is not yet clear.
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News / 30 november 2016
Dutch Export Credit Agency did not prevent damaging practices in Suape
Atradius Dutch State Business (Atradius DSB) remains responsible for observing social, environmental and human rights, also after providing export credit insurance. That is the conclusion of the Dutch National Contact Point (NCP) for the OECD Guidelines in its final statement, which was published today. Both ENDS issued a press release about this.
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Dossier /
Uganda’s Energy Future
Despite the existence of many hydropower dams, foreign investments and large government spending on energy, and new plans for hydropower, oil and gas projects, the vast majority of rural Uganda still remains without electricity. Together with our local partners we are striving towards a sustainable energy strategy for Uganda that starts from the needs and wishes of local communities.
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Dossier /
Large-scale infrastructure
Large-scale infrastructural projects have detrimental effects on local people and the environment, while their benefits are felt elsewhere. Both ENDS is working to ensure that local people have a greater say in decision-making and is investigating the way these projects are funded.
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Dossier /
Fair Green and Global Alliance (FGG)
Together with civil society organisations from all over the world, the Fair Green and Global (FGG) Alliance aims for socially just, inclusive and environmentally sustainable societies in the Netherlands and the Global South.
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Publication / 2 juli 2024
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Publication / 24 maart 2024
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Publication / 24 september 2024
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External link / 2 juli 2024
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Pathway /
Advocating for just governance worldwide
Our goal is to achieve systemic change at all levels of social, political and economic institutions, to ensure that these unconditionally respect human rights and planetary boundaries. This requires policy coherence and consistent decision-making across all sectors - from trade, finance and energy to food production, agriculture, climate action and water management - and across all sections of society - from individual to family, farm, neighbourhood, city, province and national levels.
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News / 4 april 2024
EU ECA fossil fuel phase-out tracker reveals EU Member States’ lagging commitment to Paris Agreement goals in export credit policies
Our new report titled EU ECA fossil fuel phase-out tracker by Both ENDS, Counter Balance and Oil Change International sheds light on the concerning lack of harmony between EU Member States' export credit climate policies.
The report was updated on April 17th, following new responses by Member States on their respective policies.
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Event / 29 januari 2024, 14:00 - 15:30
The environmental and human rights impacts of raw material extraction: Lithium in the High Andes, Argentina
Following the Raw Material Week in November 2023 and the provisional agreement on the Critical Raw Material Regulation, Wetlands International Europe together with Both ENDS and the EU Raw Materials Coalition have organised a session seeking an open discussion on the environmental and human rights impacts of raw materials extraction, in and around vulnerable areas.
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News / 29 januari 2024
Five climate projects of 2024 in a nutshell
Together with environmental justice groups from the Global South, Both ENDS works towards a sustainable, fair and inclusive world. Both ENDS gathers and shares information about policy and investments that have a direct impact on people and their livelihood, we engage in joint advocacy, we stimulate the dialogue between stakeholders and we promote and support sustainable local alternatives.