Australian NCP concludes ANZ's action not in line with the company's human rights policy in Phnom Penh Sugar case; company responds
The Australian National Contact Point (AusNCP) has released its final statement in a case relating to ANZ's financing of Phnom Penh Sugar (PPS), a Cambodian company linked to forcible evictions and other human rights abuses. In its statement, the AusNCP levels criticism at ANZ Bank, saying it is "difficult to reconcile ANZ’s decision to take on PPS as a client with its own internal policies and procedures—which appear to accord with the OECD Guidelines—as the potential risks associated with this decision would likely have been readily apparent".
Business & Human Rights Resource Centre invited ANZ to respond. Its response is linked below.