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FMO fails to meet best practices on financial intermediary lending
In a new Position Statement on Financial Intermediary (FI) Lending, Dutch development bank FMO argues for limited responsibility over the outcomes of investments that are channeled through commercial banks, investment funds, and other financial intermediaries,…
European Union: rules for batteries should cover bauxite, copper, iron
The European Union’s proposed batteries regulation should require importers and manufacturers to source the bauxite, copper, and iron used in batteries responsibly, a coalition of 16 organizations said today. The coalition includes Amnesty International, Earthworks,…
How Dutch pension are disposing of their Russian investments
Together with Follow the Money, SOMO investigated how pension funds are disposing of their investments in Russian bonds and shares. A month ago, PFZW (one of the biggest Dutch pension funds) and other pension funds…
At least sixteen Gazprom subsidiaries in the Netherlands
The largest gas company in the world, Gazprom, has at least sixteen Dutch subsidiaries in Amsterdam, SOMO-research finds. The Russian state-owned company falls outside the current sanction rules, which means that Gazprom’s Dutch letterbox companies…
Financially strong investor ready to take the Dutch housing market by storm
Blackstone has more than US$ 46.1 billion ready to buy worldwide real estate such as offices and residential property. Currently Blackstone is a small player in the Netherlands, but the company has the potential to…
Blackstone as new landlord
European Parliament approval of draft Batteries Regulation is a welcome step towards just energy transition
SOMO and GoodElectronics welcome the EU draft legislation on batteries approved on Thursday by the European Parliament and call on EU member states to agree on the text without delays or attempts to water it…