13 December 2019

...[A] new OECD Guidelines complaint has been filed against the South Korean multinational POSCO INTERNATIONAL, the Korean National Pension Service (NPS), and the Korean export-import bank (KEXIM) related to abuses of human rights and the environment on palm oil plantations in Papua New Guinea. The complaint argues that POSCO breached the Guidelines by causing deforestation and loss of biodiversity, lack of FPIC and infringement on the right to water for its operation of the palm oil plantation in Papua. The complaint further argues that POSCO investors, NPS and KEXIM, failed to conduct due diligence to prevent these impacts from happening.

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