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16 Jun 2020

Krungthai Bank's response to the OHCHR

The following is the company's response addressed to the Special Procedures Branch of the United Nations' Office of the High Commission for Human Rights:

16 June 2020

Krungthai bank acknowledged claims regard this disastrous event from both the UN and the company though we found that many of these claims from both parties are inconsistent with one another. Base on this ambiguous information, the bank concerns about the ongoing of this regard and frequently inquires further clarification from the company. [...]


[...] [T]he bank pursued the full compliance with the laws of Lao PDR and engaged the independent third-party consulting companies who are the subject matter experts to conduct Technical and Environmental & Social due diligence (TESDD) and REDP that were duly reviewed and approved by the environment and social experts of the Government of Laos (GOL).

Regarding the environmental impact, the TESDD report and series of actions were conducted to identify, prevent, mitigate the negative environmental effect of the project before the construction of the project Regarding the human rights impact, the REDP contains an Ethnic People Plan which studied the ethnic in the project area and includes measures to identify, prevent, mitigate the negative social and cultural impacts that the project may have. [...]