Both ENDS
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.
Two weeks ago, the Monsanto Tribunal took place in The Hague. With this civil tribunal, activists from all over the world aim to add 'ecocide' as a crime in international laws. Zinaba Rasmane from Burkina Faso states that "currently we can't sue multinationals like Monsanto in our country for the damage they are causing."
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.
After 15 years, the members of the Dutch Soy Coalition have decided to disband the coalition. A total of 16 civil society organisations have worked together for many years to put the negative impact of the production, transport, processing and consumption of soy on the agenda and to seek solutions together with other stakeholders.
