Janet Awimbo, a Kenyan ecologist, presented the first copy of the booklet 'Imagining sustainability' to HRH Prince Willem-Alexander yesterday. In the booklet, which is a co-production of Both ENDS and Cordaid, are seven interviews with thinkers from the southern hemisphere. They all envision a green and fair economy in the future. Awimbo and the Prince of Orange met at the Rio aan de Maas event in Rotterdam. At the event, Both ENDS also organised a workshop where Janet Awimbo, Paul Wolvekamp (Both ENDS) and Maarten Hajer (Bureau for Environmental planning) spoke with each other and with the audience.
Recently, the World Bank announced to change its social and environmental regulations, the so-called 'safeguards'. These safeguards do not only apply to investments of the World Bank, but are often adopted by other banks and credit institutions all over the world. "If the World Bank changes the regulations, there will be significant global consequences!", Pieter Jansen warns. Last Tuesday he was in Brussels on behalf of Both ENDS for a consultation of the World Bank with European civil society organisations to give his view on the proposed changes.
Both ENDS letter to the World Bank on the Environmental and Social Safeguards policies review. The World Bank safeguards review is part of a reorganization that aims at making lending cost-effective with less rules in place, which likely entails an increase in the number of problem projects. The reorganization aims at making lending
more cost-effective, forms in place. Safeguards policies are of crucial importance for project affected people to hold banks to account. However, Environmental and Social Frameworks (ESF) nowadays replace safeguards at banks. The ESF model leads to a reduction of a Bank's direct and mandatory role in overview, including due diligence, monitoring, and evaluation, of Bank funded activities and investments, along with a shift towards a greater reliance on client self-assessment and self-reporting. Our main ask is a return to binding, rules-based safeguards policies at banks.
Pension funds have a lot of influence because of their enormous assets. Both ENDS therefore wants pension funds such as the Dutch ABP to withdraw their investments from the fossil industry and to invest sustainably instead.
Countries could be facing a wave of cases from transnational corporations suing governments over actions taken to respond to the Covid pandemic using a system known as investor-state dispute settlement, or ISDS. 630 organisations from across the world, representing hundreds of millions of people, are calling on governments in an open letter to urgently take action to shut down this threat.
The past months, weeks and final hours were without a doubt exciting. Last Friday afternoon, the announcement finally came in: the proposals for partnerships that were submitted by Both ENDS, have both been approved by the Dutch Ministry of Foreign Affairs. We are incredibly happy that we can bring this great news to our colleagues from Southern partner organisations, who are dedicated to making the world a better place to live in.