Both ENDS
Today, more than 340 organisations from both South America and Europe, including Both ENDS, have sent a joint open letter to European Union leaders calling for the EU to cease negotiations on the EU-Mercosur Free Trade Agreement. The organisations and their constituencies are seriously concerned about increasing violations of indigenous human rights and damage to nature and the environment in Brazil.
Covering an area of 5.5 million km², the Amazon rainforest is the largest rainforest in the world. At least 12% of the forest has been lost in the last decades, and deforestation is still continuing at a rapid pace. Illegal logging, land grabbing and intimidation for agriculture, animal husbandry and mining are daily business, and impunity rules. Recent developments, such as the election of the new Bolsonaro government in Brazil, make the future of the Amazon region and the people living there even more uncertain than it already was.
Dutch pension money is invested heavily in companies that contribute to deforestation in the Amazon region and the Cerrado savanna in Brazil, such as soy, animal feed and beef companies. This is concluded in a report published today by Profundo, commisioned by the Fair Finance Guide, Hivos and Both ENDS. All ten pension funds that were examined invest in these types of companies, with the ABP pension fund and Pensioenfonds Zorg en Welzijn on top with investments worth EUR 580 million and EUR 383 million respectively.
We are shocked and alarmed by the news of a planned raid into the headquarters of an environmental organisation in the Philippines. Although the raid has not materialised until now, we are deeply concerned for their wellbeing.
