Both ENDS
(This interview was published on January 18th in Inside Philantrophy)
Most people in philanthropy don't enter the sector because they have dreams of working in a financial institution. But that's exactly what they're doing. The philanthropic sector as we know it today was deliberately designed by the robber barons of the early 19th century as a response to extreme wealth inequality they created through exploitative labor practices in the oil, steel and shipping industries. Whether to genuinely make amends for the harms they created or to engage in reputation washing, the industrialists cornered the market on philanthropy, guarding against legal challenges to its tax shelter functionality and curtailing regulatory legislation that could induce democratic decision-making. Today, the value of philanthropy stands at about $2.3 trillion, which is 3% of the global economy.
Since his previous government, prime minister Mark Rutte has wanted to create a green legacy with Invest-NL and Invest International, two new financial organisations. With the advent of the COVID-19 crisis, these organisations are more important than ever. Aiming to stimulate investment in sustainable and social projects, they will operate at a distance from the government so that they can act quickly and efficiently. With an initial budget of 2.5 billion euros, they will give financial support to companies active in sectors that the market avoids and which are at the heart of the transition. At Both ENDS, we see that as an essential step in closing the door for good on our old polluting lifestyle and putting sustainability at the centre of developments in the energy sector, in the organisation of our transport and mobility system, in how we produce our food and in the design of our cities.
On Friday March 29 a special JWHi meeting took place at the Both ENDS offices, making the most of the unique situation having several grantees in Amsterdam for various reasons. The meeting facilitated the rare opportunity to bring together perspectives of the various actors in our fund: the advisory committee, the JWHi team of Both ENDS and last but not least the grantees from Kenya, Brazil and Colombia.
BARCIK - Bangladesh Resource Center for Indigenous Knowledge
From May 9 to 20, the 15th Conference of the UN Convention to Combat Desertification, Land Degradation and Drought (UNCCD COP15) will take place in Abidjan, the capital of Côte d'Ivoire. Governments, policymakers, civil society organisations and scientists from countries all over the world will discuss the problems around drought, land degradation and desertification that are increasing. Colleagues Nathalie van Haren and Stefan Schüller will be there, as will a large number of representatives of organisations with which Both ENDS has been working together for decades. But what is the purpose of the meeting, what is discussed and why is it important to be present? We asked Nathalie and Stefan.
Indigenous Hondurans are resisting the construction of the Agua Zarca hydrodam. Their fight has cost several lives, including that of Berta Cáceres. After considerable public pressure, Dutch development bank FMO withdrew from the project.
A number of Honduran organisations sent a letter to the FMO management to call on FMO not to do business with Honduran bank FICOHSA. The bank has close ties with the elite in Honduras, which holds considerable power in politics, the (para)military and the business community.
From 7 to 18 november, the Climate Change COP22 will take place in Marrakech, Morrocco. This '22nd Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC)' as it is called officially, is the annual meeting of the 195 countries which have signed and ratified the convention.
