Both ENDS
The Dutch pension fund, ABP, invested about two billion euros more in the fossil energy industry at the end of 2016 than the year before. This is announced by the report "Dirty & Dangerous: the fossil fuel investments of Dutch pension fund ABP," published today by Both ENDS, German urgewald and Fossielvrij NL. The report criticizes these investments because of the impact on the climate and the catastrophic consequences for the people in the areas where coal, oil and gas are being produced.
Both ENDS is co-plaintiff in the climate lawsuit brought by Milieudefensie (Friends of the Earth The Netherlands) in 2018 against Shell to stop the company from causing harm to the climate. In 2021, the judge ruled in favor of the climate, but unfortunately the company appealed. The court will therefore render its verdict at the end of 2024.
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.
16 civil society organisations including Both ENDS have written a letter of concern to the European Investment Bank about a newly proposed standard for the Bank its intermediate finance investing. Both ENDS contribution to the contents of the joint letter consists out of proposals for improvement of screening, scoping, due diligence, appraisal, monitoring and supervision of high-risk clients and sub-projects. through financial intermediaries and clear and mandatory social, environmental and human rights requirements for FI investing matters.
'Water for development' was the topic of the annual World Water Week (WWW), which was held last week in Stockholm for the 25th time. Thirza Bronner, Sanderijn van Beek and Cindy Coltman of Both ENDS were present, together with partners Serah Munguti of ‘Nature Kenya’ in Kenya, and Suu Lam from the ‘Centre for Social Research and Development (CSRD)’ in Vietnam. In light of this year’s theme, Both ENDS decided to invite these two outspoken women leaders to this conference to bring strong civil society voices to the table. They took part in a roundtable session that was marked by enthusiastic participation of policy makers, donors and NGOs. During the session, Munguti and Lam told us about their organisational objectives, their experiences and how ‘water for development’ translates into their practice.
