Australian banks' investment in companies accused of land grab (Oxfam report, Apr 2014) - company responses

Author: Compiled by Business & Human Rights Resource Centre, Published on: 13 May 2014

[Business & Human Rights Resource Centre invited Bunge, Phnom Penh Sugar, Wilmar to respond - responses provided] In April 2014, Oxfam Australia released the report "Banking on Shaky Grounds - Australia's big four banks and land grabs". The report identifies four cases in Brazil, Cambodia, Indonesia, and Papua New Guinea where Australia's largest four banks (ANZ Bank, Commonwealth Bank of Australia, NAB, and Westpac) have allegedly funded, directly or indirectly, companies accused of land grabs, displacement, forced evictions, environmental damage and other human rights abuses...Brazil: Commonwealth Bank owns shares...in agribusiness company Bunge...Cambodia: ANZ Bank is financing Phnom Penh Sugar...Indonesia: The NAB has lent more than $218 million to Singapore-listed Wilmar...Papua New Guinea: "Westpac has a 19-year-old banking relationship with a controversial logging company, WTK Group...

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Related companies: ANZ Bank Bunge Commonwealth Bank Westpac Wilmar International WTK