It has been planned for several years, but had so far been postponed: the Korean steel company POSCO wants to build and operate on a large scale in Orissa, an Indian state. Local people, environmental organizations and experts strongly resisted the plan, with all the consequences that entailed. Local police and militias cracked down the protests and recently there were four deaths. Wiert Wiertsema points out the responsibility of ABP, the Dutch pension fund that invested in POSCO. Wiertsema and ABP talked recently about the issue following an official complaint by the FGG Alliance on violations of the OECD guidelines for multinational enterprises.
6 civil society organizations, including Both ENDS have submitted a gender comment on the newly proposed EIB Environmental and Social Framework. The EIB Environmental and Social Standards has to be updated to ensure that due attention to gender specific impacts, risks and related mitigation strategies is integrated in the policy and each standard, as well the assessment needs to specifically address the needs and problems of all genders. A lot of improvements can be made in the integration of gender aspects in policy and standards, in order to prevent violation of the rights of women and girls during project implementation, and tools (widely used by other organisations) and or commitments for their development should be included (inclusive consultations, Gender assessments and analyses, gender impact assessment, Legal Assessment Tool (LAT) for gender-equitable land tenure, gender responsive tools for prevention of violence.
With our Wetlands without Borders program, we work towards environmentally sustainable and socially responsible governance of the wetlands system of the La Plata Basin in South America.
Hundreds of millions of euros from Ukraine found their way in recent years through Dutch letterbox companies, many of them registered at the Amsterdam Zuidas. The purpose: invisible and beneficial laundering of funds that lined the pockets of a handful of oligarchs in Ukraine by means of corruption and illegal practices - including the son of President Yanukovych. Fortunately, the Dutch government has now put a stop to this practice. Last week, Parliament decided to investigate suspicious Ukrainian assets and freeze them: a small triumph for Both ENDS and their partners!
The European Commission is about to take important decisions about Bilateral Investment Treaties (BITs). These agreements are designed to protect corporations that invest in a foreign (often developing) country. These international agreements are binding, but often undermine the social and environmental regulations that developing countries want to implement. On march 3, the European Parliament will vote on reforming these policies.