Funding destruction of the Amazon and the Cerrado-savannah: A Fair Finance Guide Netherlands case study on deforestation risks in soy and beef supply chains
The Amazon region and the Cerrado in Brazil are global hotspots when it comes to tropical deforestation. The main drivers of this deforestation are soy and livestock farming. This report by Profundo, commissioned by the Fair Finance Guide, Hivos and Both ENDS, charts how 21 banks, insurers and pension funds active in the Dutch market are involved in soy and beef-driven deforestation in these regions. The report also shows how these companies deal with this and provides recommendations for improvement.
For more information
Read more about this subject
Press release / 26 August 2020
Dutch pension funds invest in deforestation in the Brazilian Amazon
Dutch pension money is invested heavily in companies that contribute to deforestation in the Amazon region and the Cerrado savanna in Brazil, such as soy, animal feed and beef companies. This is concluded in a report published today by Profundo, commisioned by the Fair Finance Guide, Hivos and Both ENDS. All ten pension funds that were examined invest in these types of companies, with the ABP pension fund and Pensioenfonds Zorg en Welzijn on top with investments worth EUR 580 million and EUR 383 million respectively.
Publication / 8 May 2019
Publication / 7 November 2018
News / 9 February 2022
Urgent letter to Dutch investors in Ugandan oil pipeline
TotalEnergies and the Chinese National Offshore Oil Cooperation (CNOOC) are currently developing an oil extraction and transportation project in Uganda: East African Crude Oil Pipeline (EACOP). The project – the construction of a heated pipeline (EACOP) of no less than 1445 kilometers through Uganda and Tanzania to export crude oil, is increasingly causing human rights violations and environmental damage. This is a matter of great concern to civil society organisations in Uganda and beyond. This week, Both ENDS, together with partner organisations in Uganda, sent an urgent letter to twelve pension funds and asset managers with investments in TotalEnergies and CNOOC.
News / 2 August 2019
EU unveils 'Action Plan' on Deforestation
The EU is still one of the world’s largest importers of deforestation: EU demand for commodities like soy, palm oil, beef, coffee and cacao requires millions of hectares of tropical rainforest to be cleared. This deforestation has significant biodiversity and climate impacts, and is often linked to human rights violations and violence against local communities and indigenous peoples. Both ENDS and partners have been actively lobbying the EU Commission to adopt a robust action plan to address and prevent human rights violations and deforestation ‘embodied’ in EU imports of agricultural commodities.
News / 14 March 2021
Vote for the Climate!
A number of our colleagues at Both ENDS made a lot of noise at various locations around the country today, as part of the national Klimaatalarm (Climate Alarm) campaign. Annelieke Douma gave a short speech in Haarlem on the major role played by the Netherlands in climate change and environmental degradation beyond our borders. She made a number of suggestions that would immediately make Dutch foreign policy a lot more climate-friendly. Below is the text of her speech.
All Eyes on the Amazon
Covering an area of 5.5 million km², the Amazon rainforest is the largest rainforest in the world. At least 12% of the forest has been lost in the last decades, and deforestation is still continuing at a rapid pace. Illegal logging, land grabbing and intimidation for agriculture, animal husbandry and mining are daily business, and impunity rules. Recent developments, such as the election of the new Bolsonaro government in Brazil, make the future of the Amazon region and the people living there even more uncertain than it already was.
News / 15 November 2018
All Eyes on the Amazon: the future of protecting forests in Brazil
On Wednesday, November 14, Dutch Newspaper De Volkskrant published a joint op-ed by Both ENDS, Hivos, Greenpeace Netherlands and Witness about the deforestation in the Amazon region which is still going on rapidly, having disastrous consequences for the indigenous people who live in the area, for biodiversity and for the climate. The Netherlands is one of the largest buyers of Brazilian agricultural products such as soy and beef, and should ensure that deforestation, land grabbing and human rights violations do not occur in these production chains. Unfortunately, this is not at all the case yet.
Publication / 9 May 2018
News / 11 September 2020
Have your say on the EU’s deforestation policy
The world's forests are under threat. Remaining forests – havens of precious biodiversity and the lungs of the planet – are being cleared to make way for beef, soy, sugar and palm oil production, mining and other industrial activities, fuelled by increasing demand from Europe and other countries. But the good news is: you can help stop the destruction!
Publication / 4 November 2009
News / 14 June 2019
Both ENDS partner TUK presents symbolic tree to Dutch minister Schouten
Last Thursday June 13, Rahmawati Retno Winarni of TUK, an Indonesian partner organisation of Both ENDS, presented a symbolic tree and an appeal to the Dutch Minister of Agriculture Carola Schouten, also on behalf of 10 NGOs. The joint NGOs are pushing the EU, including the Dutch government, for strict EU legislation to prevent the destruction of forests and ecosystems and to protect human rights.
Publication / 14 May 2017
News / 18 June 2019
Open letter from more than 340 organisations: EU must stop negotiating treaty with South American countries.
Today, more than 340 organisations from both South America and Europe, including Both ENDS, have sent a joint open letter to European Union leaders calling for the EU to cease negotiations on the EU-Mercosur Free Trade Agreement. The organisations and their constituencies are seriously concerned about increasing violations of indigenous human rights and damage to nature and the environment in Brazil.
News / 2 February 2020
How to become a fossil-free investor
The world has to stop using fossil fuels, but investment in the sector continues unabated. Investors of all kinds, including banks, insurance companies and pension funds, are hesitant about making the change to sustainable energy and are not sure where to start. In the autumn of 2019, together with the DivestInvest Network and Sustainable Energy (Denmark), Both ENDS published a report entitled ‘Managed Decline of Fossil Fuel Businesses’. The report describes five criteria to test whether companies in the fossil sector are actively taking steps to wind down their fossil activities. The criteria are helping investors to choose investments that are in line with the Paris goal of restricting global warming to a maximum of 1.5 degrees Celsius. We spoke to Lars Jensen, Senior Analyst at Sustainable Energy and lead author of the report.
Publication / 5 December 2012
Press release / 27 September 2022
Call to Dutch investors: get out of TotalEnergies
Utrecht/Amsterdam, 27 September 2022 - On Wednesday 28 September, Dutch civil society organisations will organise a protest at the offices of oil giant TotalEnergies in The Hague, drawing attention to the problems surrounding the East African Crude Oil Pipeline (EACOP) in Uganda. They are calling on investors to get out of TotalEnergies because of this project, which is causing human rights violations and serious environmental pollution. Two weeks ago the European Parliament passed a resolution against the human rights violations linked to EACOP.
Publication / 9 May 2018
The Netherlands and the SDGs: A better world starts with yourself
In 2015, the member states of the United Nations committed themselves to the ambitious Sustainable Development Goals (SDGs). Unlike their predecessors, the Millennium Development Goals (MDGs), the SDGs recognise the importance of equality within and between countries, of decision-making processes in which all people are included and heard, and of legal systems that are independent and accessible to all.
Event / 16 November 2020, 18:30 - 19:30
Business as Usual: Dutch neo-colonialism in Brazil
The Netherlands is a major business partner to Brazil and has not been deterred by the record of human rights' abuses by Bolsonaro's government, nor by the coup d'Etat against the president Dilma Rousseff in 2016. How do the Dutch economic ties with the Brazilian political and corporate elites affect the Brazilian population, in particular indigenous peoples, nature and the global climate?