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23 Jan 2014

ABC New (Australia)

ANZ monitors Cambodian sugar client accused of human rights abuses

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ANZ says it is carefully monitoring the situation at a Cambodian sugar plantation linked to child labour, forced evictions and land grabs backed by the military…The bank says it has…asked the sugar company to hold direct talks with community leaders…"Where impacts are identified that are not consistent with ANZ's policies, our aim is to be a positive force for engagement and for change," the bank said. "Where we have found that a client does not meet our environmental and social standards and they are not willing to adapt their practices, ANZ has declined funding or exited the relationship." [refers to ANZ Royal, Phnom Penh Sugar]

Part of the following timelines

Cambodia: ANZ reportedly financing Phnom Penh Sugar, a company beset by allegations of child labour & forced evictions

Cambodia: NGOs urge ANZ to "stay engaged until proper remedies are provided to the victims" instead of simply pulling out of sugar project linked to serious abuses