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2 May 2017

World Bank Group's financial intermediaries linked to various human rights abuses in Southeast Asia; companies & the IFC respond

 

Inclusive Development International, in collaboration with Bank Information Center, Tarkapaw Youth Group, Urgewald, 11.11.11, Accountability Counsel, and Ulu Foundation allege in this report that various banks and investment groups have invested millions of dollars to operate or fund local companies in Southeast Asia that are linked to human rights abuses including land grabbing and forced evictions.

Business & Human Rights Resource Centre invited the companies named in this report to respond – the responses are linked below. The following sent responses: International Finance Corporation, Dragon Capital, Indonesia Infrastructure Finance, and Raiffeisen Bank International.

Company Responses

Dragon Capital Group View Response
Vietnam Investment Group View Response
Raiffeisen Zentralbank (RZB Group) View Response
Energy Earth

No Response

VietinBank

No Response

Vietnam Electricity

No Response

Postal Savings Bank of China (PSBC)

No Response

China-ASEAN Investment Cooperation Fund (CAF)

No Response

BDO Unibank

No Response

Rizal Commercial Banking Corporation

No Response

Vietnam Rubber Group

No Response

Hoang Anh Gia Lai (HAGL)

No Response

Gemadept

No Response

China Three Gorges Corporation

No Response

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