Dutch embassy pushed sale of dredgers to Indian mega company Adani against environmental concerns
By Olaf Geurts (editor), Maarten Bakker, | 5 December, 2022
There were “unacceptable environmental and social risks,” export credit insurer Atradius ruled. Nevertheless, Dutch shipbuilder IHC struck a deal with Indian conglomerate Adani to sell them two dredgers.
Atradius initially did not want to cover the financial risks because of Adani’s poor social and environmental record, but the Dutch embassy in India launched a lobby to save the deal. The embassy figured that Adani could be coached on corporate social responsibility. However, the sustainability lessons are little more than “pinpricks” for the Indian conglomerate.
Read the full story in Dutch newspaper NRC (in Dutch).
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