Both ENDS
In a new Position Statement on Financial Intermediary (FI) Lending, Dutch development bank FMO argues for limited responsibility over the outcomes investments that are channeled through commercial banks, investment funds, and other financial intermediaries, representing by far the bigger sector of its portfolio. In doing so, FMO is undermining its development mission, including the protection of human rights and addressing the climate crisis. FMO intends to delegate these key responsibilities to its FI clients only, falling short of best practices of peer financial institutions. In a joint submission prepared by Both ENDS, Oxfam Novib, Recourse and SOMO, we argue that FMO can do much more to ensure the protection of human rights, the…
A recent study by Profundo for Both ENDS and Oxfam Novib shows that investment in agroecology is necessary for a sustainable and inclusive global food system. Today, some 768 million – one in ten – people suffer from hunger or a severe shortage of food on a daily basis. Conflict, economic stagnation caused by the Corona epidemic, and the climate crisis present an immediate threat to the production of and access to sufficient nutritious food. Agroecology, a form of agriculture that places small-scale farmers, the natural environment and short supply chains at the centre of food production, makes communities in developing countries more resilient and helps them combat hunger. The study concludes however that major…
What is the reason behind the European Investment Bank’s 500 million loan to the Brazilian development bank BNDES? The money, paid for by the European taxpayer, comes from the ‘climate funds’ intended for projects to stop climate change. Does this make BNDES the most logical choice…
Last Friday, 29 May, it was announced that both the Fair, Green and Global Alliance (FGG) and the Global Alliance for Green and Gender Action (GAGGA) have been selected as two of the 20 potential strategic partnerships of the Dutch Ministry of Foreign Affairs for the 2021-2025 period. Both ENDS is pleased that the Dutch government is seriously considering extending its support to these networks, as they show that cooperation on the basis of equality between grassroots organisations and NGOs throughout the world can continue to bring about change in the position of women, in respect…
Negusu Aklilu from Forum for Environment is voted one of Ethiopia's most influential people by Addis Neger, Ethiopia's largest newspaper. He is honoured for his work on putting Africa - the continent hardest hit by climate change - on the international climate calendar by coordinating the African Climate Appeal. This appeal states that African countries should be compensated for the effects of climate change, caused by green house gasses emitted by developed countries. He has been at the forefront in signing the Appeal together with the 2004 Peace Nobel Laureate and environmentalist…
New research by Both ENDS, Fossielvrij NL and urgewald shows that, in 2017, pension fund ABP invested 500 million euros more in coal, oil and gas than in the previous year – a total of 10.9 billion euros. These investments in fossil fuels not only stand in sharp contrast to ABP's claim that it has achieved substantial successes in its climate policy, but are also in flagrant violation of the Paris climate agreement. Unlike international forerunners among…
