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Article

18 Jun 2013

Author:
Ministry of Employment and the Economy (Finland)

Statement of the Ministry of Employment and the Economy: Pöyry Oyj complied with OECD guidelines in Laos dam project [Finland]

Pöyry Oyj did not violate OECD Corporate Social Responsibility Guidelines in its [Xayaburi] dam project in Laos. However, companies should assess the risks of similar projects more carefully and act more transparently in the future…Pöyry should have addressed the ambiguities related to environmental issues and human rights more clearly in its report to the government of Laos. However, the company made an effort to mitigate the environmental risks and negative impacts of the project by means of several detailed recommendations, even if the various parties disagree upon whether or not these actions were adequate. The Ministry of Employment and the Economy recommends that in the future, companies should assess the risks of similar major projects more carefully and give more consideration to stakeholders' views. They must ensure adequate communication about risk prevention measures.