Both ENDS
A letter written by Both ENDS, co-signed by 350.org, Australia, Urgewald, Germany, Green Alternative, Georgia, and others, with comments to the AIIB's Energy Strategy Issues note. This strategy prioritizes large scale energy infrastructure, which fails to meet the energy needs of local communities.
The AIIB has the opportunity to champion financing green energy systems for future generations by leapfrogging the large energy infrastructure that rely on fossil fuels, plantations for biomass or dams.
Development banks such as the World Bank, the Asian Development Bank, the German DEG and the Dutch FMO have some crucial similarities: they operate with public money, and their ultimate goal is to fight poverty and promote development. But in practice, 'development' seems to be a broad concept, as there are many people that do not profit from the projects these banks invest in. On the contrary, large groups of people are often faced with negative consequences of the investments of development banks. Under pressure from civil society organisations, including Both ENDS, a number of development banks set up a complaint desk for those that are adversely affected.
A coalition of NGOs today launched the Financial Exclusions Tracker, a new website that tracks which companies are being excluded by investors and banks for sustainability reasons. Most excluded corporations are barred due to links to fossil fuels, weapons or tobacco.
Karin van Boxtel (35) is the new director of environment and human rights organisation Both ENDS. Karin has been running the organisation temporarily, together with Annelieke Douma, since the departure of the previous director, Danielle Hirsch. She has now been appointed permanently to make Both ENDS stronger and more future-proof. Karin will take up her new post on 1 September. Until then, she will continue as co-director on an interim basis.
Why is Dutch public money used to sponsor the world’s largest chicken factory farm in Ukraine , when we don’t even accept the production of broiler chicken on our own soil? That was the central parliamentary question raised by the Party for the Animals (Partij voor de Dieren) in August 2012, just after Both ENDS and its Ukrainian partner NECU published the report Dutch money, strange meat. Now, three years later, the factory farms of Myronivsky Hliboproduct(MHP) keep expanding. And the massive slaughtering of more than 300 million chickens a year is still made possible by the Dutch tax payer through multilateral financial institutions and Dutch export credits.
As shareholders in Brazilian mining giant Vale S.A prepare to gather online for the company’s Annual General Meeting (AGM), communities from Brazil to Indonesia criticize the company’s track record on human rights and environmental stewardship. They also point to the almost $50 billion in mounting lawsuits against the company as a risk factor that should serve as a warning sign to investors.
Both ENDS and Oxfam Novib welcome the new SDG Loan Fund launched by FMO. The fund aims to invest more than a billion euros in loans to small and medium-sized enterprises in low- and middle-income countries, in the energy, inclusive financial services and sustainable agriculture sectors. At the same time, both organisations are concerned about the impact of money from the fund on normal people in future recipient countries.
