Both ENDS
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.
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.
The successes of Both ENDS’ work are usually the result of prolonged efforts. The same goes for our endeavours in Suape, Brazil. This week, Wiert Wiertsema and a representative from partner-organisation SOMO took off to Brazil to support another milestone. Around thirty parties from different states in the country, including environmental organisations, lawyers and of course, representatives of the Forum Suape as well, gathered in the port. This shows that the social movement that has risen as a reaction to the disastrous expansion of the port and industrialisation is also slowly taking shape elsewhere in Brazil. The saga of Suape seems to have become a stone cast in the pond of Brazilian environmental politics.
On Monday September 5, together with the Dutch Party for the Animals, Both ENDS organised a Masterclass Dutch Export Credit Facility. The goal of the Masterclass was to inform Dutch parliamentarians and their staff on the functioning of the Dutch export credit facility.
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.
