Response to FMO investments in Nicaragua

On October 13th 2022, FMO published the final version of its Position Statement on Impact and ESG for Financial Intermediaries (FI statement). As civil society groups which have engaged with FMO on this topic for more than four years, we are extremely disappointed with the result. In the statement, FMO does not show sufficient commitment to ensuring its investments into financial intermediaries – which represent the bank's largest investment sector* – do not violate human rights or contribute to environmental harms.

Today, 122 civil society groups are releasing letters to eleven government signatories to the Glasgow Statement on International Public Support for the Clean Energy Transition, laying out the actions they must take as soon as possible to meet their commitment. In this joint statement at COP26, 35 countries and 5 public finance institutions committed to end their international public finance for 'unabated' fossil fuels by the end of 2022, and instead prioritise their "support fully towards the clean energy transition."

In times of ecosystem degradation, deforestation and climate change, rural communities often struggle to make a living in a healthy and autonomous way. One of the solutions to counter their problems is Analog Forestry, a sustainable practice promoted by many of Both ENDS's partners. We spoke to Carolina Sorzano Lopez*, Analog Forestry trainer from Colombia for the International Analog Forestry Network (IAFN), and Luz Marina Valle*, a local Analog Forestry promotora in her community of El Jocote in Northern Nicaragua, to explain to us the advantages of Analog Forestry.

Due to their role as environmental leaders, women are key actors in restoring degraded ecosystems. Within the Global Alliance for Green and Gender Action (GAGGA), we work with local women's groups to promote the use of Analog Forestry.

A report published yesterday by Amnesty Central America shows that the plans for a new canal leads to numerous violations of human rights in Nicaragua. And that's even before the works have started. Many organisations therefore protest against the canal, supported by Both ENDS.

The supposed consent given by the indigenous population for the controversial canal through their territory is deceptive. Testimonies of the Rama and Kriol population show how the consultation process has been manipulated, and that their consent is invalid.

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.

Traditional development aid keeps Africa in a state of aid dependency, but development cooperation is essential to break this post-colonial dependency, argues Melvin van der Veen in response to an interview in NRC Handelsblad with the Cameroonian economist Célestin Monga. By breaking off this cooperation on the basis of equality, we are actually stifling the voices of African civil society organisations, indigenous communities, youth and women's movements and human rights defenders, and we are not solving global problems.

On Friday 14 March, the French Public Prosecutor's Office announced that it would launch an official investigation into TotalEnergies’ involvement in involuntary manslaughter during the attacks on Palma, the location of their LNG project. This umpteenth abuse makes it clear that the Netherlands cannot in any way provide public support for this project. 

Women's rights are under pressure worldwide, and hard-fought rights and freedoms are being dismantled. Whereas until recently the Netherlands was a champion of emancipation, women's rights and gender justice, the current cabinet is breaking with this policy and abandoning millions of women and girls. That is why Both ENDS, together with many other allies, will be taking to the streets on 8 March. It is time to make a strong stand against the dismantling of gender policy and to stand up for gender equality and social justice.