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Amsterdam, Copenhagen 22 June 2020 – In these times of increasing climate crisis, corporate social responsibility also means that investments in fossil gas must be phased out as quickly as possible. In a world in which a maximum temperature rise of 1.5 Celsius is the norm, fossil gas cannot be a 'transition fuel' towards sustainable energy. This is the message from five European environmental organisations (Both ENDS, the Danish AnsvarligFremtid, Fossil Free Sweden, Fossil Free Berlin and the Italian Re:Common) to pension funds in their countries that still invest in fossil gas companies. They are promoting that message with a new campaign called "Gas Free Pensions", which is being launched today.
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 for human rights and in making trade chains and financing systems sustainable.
Communities in the Niger Delta have been affected by air and water pollution due to Shell's activities for decades. This year, at Royal Dutch Shell's annual meeting, Kebetkache Women's Resource and Development Centre held Shell accountable for the consequences of their activities. Clean-up of oil spillages and ending gas flaring is becoming even more urgent in the fight against COVID-19, in which clean water is crucial to prevent the spread of the virus.
On Monday 11 May, at the government's request, the Advisory Council on International Affairs (AIV) published an emergency advisory report on how the Netherlands can make an effective contribution to the worldwide fight against the Corona virus. Together with companies, scientists and environmental, human rights and development organisations, Both ENDS is today presenting a response to this report, in which we make a number of suggestions for investing in countries and people with insufficient resources to tackle the crisis effectively.
The value of ABP's pension fund investments in fossil fuel companies has fallen by 44% from end of last year to its lowest point on March 16 this year, while the value of the rest of the portfolio decreased by 26%. This impact can be seen in simulations based on the publicly available equity portfolios of Dutch pension funds ABP and Zorg en Welzijn (PFZW), carried out by research agency Profundo on behalf of Both ENDS. The simulations show that the risks of investing in the fossil fuel sector are increasing.
In these past months, the world has been rocked by a new major threat, in addition to climate change: the rapidly spreading COVID-19 virus. Large efforts are being made in many places to deal with this crisis and, understandably, the concerns about the climate have, faded somewhat into the background. We don't know what the future holds or when the COVID-19 crisis will be behind us, but unfortunately it is certain that global climate change has not stopped by then. This is why, even though so many urgent matters have to be dealt with, we continue to support global climate action.
This Friday April 3rd, global online climate actions will take place. We call on everyone to join and share these actions.
In many places in Latin America, access to clean water is under great pressure from overuse and pollution, often caused by large-scale agriculture or mining. This has significant impact, especially on women. In March, with International Women's Day on March 8 and World Water Day on March 22, they make themselves heard and claim their right to water.
In order to slow down and prevent the spread of the coronavirus as much as possible, Both ENDS has decided that from now on all employees will work from home. We want to take our responsibility and aim to prevent further burden on the healthcare sector. All activities we normally undertake from the office will be carried out from home in the coming weeks. Our virtual office remains open and we are accessible through the usual channels: email, (mobile) telephone and social media.
SEATINI Uganda is engaging women working in the palm oil sector in a campaign to improve their work situation. Around International Women's Day, March 8, they are organizing various actions to gain awareness for the situation and the rights of these women workers.
In Indonesia, with its many islands and long coastline, for many communities fishing is an important livelihood strategy for many, both men and women. However, officially the women are often not counted as fisherfolk. And this is not a minor detail. It makes that their interests are being neglected. Both ENDS' partner Solidaritas Perempuan works with these women to amplify their voices.
Civil society organisations from around the world condemn the statements by representatives of palm oil companies during a meeting with the Malaysian government. In this meeting, the company representatives called critical NGOs "toxic entities" and asked the Malaysian government to not let these NGOs into the country. Both ENDS' partners have published a reaction in which they defend their right "to expose the realities we face in their communities about the impacts of the palm oil sector".
Amsterdam, 3 February 2020 - A step forward, but oil and gas remain a blind spot in Dutch pension fund ABP's new investment policy published today. That's what environmental organisations Both ENDS, Fossielvrij NL, Greenpeace Netherlands and urgewald say in response to the new climate policy of the EU's largest pension fund, with assets over 442 billion euros. Although ABP is taking first steps to invest sustainably, more is needed to stop the climate crisis.