Greenpeace Netherlands

100+ NGOs launch #Together4Forests urging EU action

Fires raging in the Amazon are started deliberately to make way for large-scale industrial agriculture – and EU market demand for commodities produced on former-forest land is adding fuel to the fires. Globally, the EU is responsible for over 10% of forest destruction through its consumption of commodities like meat, dairy, soy for animal feed, palm oil, coffee and cacao.

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.

Good news for the climate: last week, the European Investment Bank (EIB) decided to stop investing in fossil fuels by 2021. This is part of its new energy strategy.

Amsterdam, 23 September 2019 - The world's 5th largest pension fund, with assets of over €430 billion, Dutch ABP is continuing to invest in companies that are on a collision course with the Paris climate goals, such as coal and oil companies.