Both ENDS
Both ENDS and Oxfam Novib welcome the new SDG Loan Fund launched by FMO. The fund aims to invest more than a billion euros in loans to small and medium-sized enterprises in low- and middle-income countries, in the energy, inclusive financial services and sustainable agriculture sectors. At the same time, both organisations are concerned about the impact of money from the fund on normal people in future recipient countries.
"My idea of 'good' is that people can make decisions about their own development; that they are able to decide what happens to their environment. That we all respect the boundaries of our ecosystems and that women, just like men, are able to develop in the way that they want". Daniëlle Hirsch is responding to a question from the audience where she just gave a lecture on her views for a future sustainable economy.
Silencing the Voices of Environmental Defenders
Together with environmental justice groups from the Global South, Both ENDS works towards a sustainable, fair and inclusive world. In recent years, our partners have become increasingly threatened, intimidated, violated, imprisoned, and even murdered as a result of their environmental and human rights activities. Our advocacy partners face repressive reprisals for speaking out against environmentally destructive initiatives and denouncing human rights abuses of companies and governments, whilst the communities they support are subjected to violence for simply acting out of necessity to protect their lives, land, territories, and communities from harm.
The Mandalika International Street Circuit is a street circuit in the resort of Mandalika in Central Lombok in West Nusa Tenggara Province. The project, mainly intended to attract tourists, is largely financed by the Asian Infrastructure Investment Bank (AIIB).
Both ENDS, SOMO, Oxfam Novib and Recourse sent in a submission to FMO's public consultation on its Position Statement on Financial Intermediaries. In this position statement, FMO only takes limited responsibility for the consequences of its investments through so-called financial intermediaries. We call upon FMO to publish a position statement that focuses on protecting human rights and the environment and take full responsibility for this.
The Dutch development bank FMO is not sufficiently transparent about the projects it finances and is therefore acting contrary to its mandate. This is evident from a new report published by the International Accountability Project (IAP) and the Foundation for the Development of Sustainable Policies (FUNDEPS), endorsed by 28 organizations including Both ENDS, SOMO, and Oxfam Novib. The research assesses FMO's disclosure and access to information practices for investments proposed between January 1, 2019, and May 31, 2020. Only in 25% of the cases was it disclosed what potential negative consequences an investment by FMO would have for people and the environment.
The decision of Minister for Climate and Energy Rob Jetten to withdraw from the Energy Charter Treaty (ECT) is good news for the energy transition in the Netherlands and beyond. Governments of countries that are party to this treaty can therefore shape the transition to sustainable energy without having to fear claims by Dutch-based businesses.
Water is literally life, the lifeblood of ecosystems, of nature, of humans. However, in many places the distribution and use of water is unjust and unsustainable. Water management is generally focused on short-term economic interests, on maximizing the profit of a well-connected few at the expense of people and nature. This dominant view of water and water management has its origins in the European industrial revolution, which became the global norm through colonialism and globalization. But according to Melvin van der Veen and Murtah Shannon, water experts at Both ENDS, this view will have to give way to equitable, sustainable and inclusive water management. Both ENDS cooperates with and supports communities and organisations worldwide who are working to this end.
