Australia: OECD Guidelines complaint lodged against ANZ bank for financing Papua New Guinea operations of Rimbunan Hijau (accused of rights & environmental abuses)
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Human rights and green groups have filed a complaint against the ANZ Bank for dealing with logging companies accused of rights abuses and environmental destruction in Papua New Guinea. The five groups, including the Human Rights Council of Australia and the Australian Conservation Foundation, allege the bank is "actively facilitating and supporting" the PNG operations of Malaysian logging giant Rimbunan Hijau...Rimbunan Hijau and other Asian logging companies in PNG consistently deny ongoing allegations they engage in corrupt practices, collude with politicians, exploit workers, oppress landowners and cheat on log export payments to PNG.
[PDF] Submission of specific instance under the OECD Guidelines for Multinational Enterprises to the Australian National Contact Point - Concerning Facilitation by the Australia and New Zealand Banking Group Limited of illegal and environmentally and...
Author: Australian Conservation Foundation, Centre for Environmental Law and Community Rights, Environmental Law Centre (Papua New Guinea), Human Rights Council of Australia, PNG EcoForestry
This specific instance concerns ANZ’s support, through financing and provision of other financial services, of forestry businesses in Papua New Guinea that entail systematic serious human rights abuses, environmentally devastating logging practices and repeated, serious illegal conduct...In particular, ANZ has acknowledged a longstanding commercial relationship with Malaysian forestry company Rimbunan Hijau...Rimbunan Hijau’s PNG operations are notorious for their disregard of environmental sustainability, human rights, labour standards, and legal requirements.