ANZ payment to displaced Cambodian families brings landmark human rights case to a close
(Phnom Penh) – Cambodian families who were forcibly displaced by Phnom Penh Sugar Company have received a promised payment from Australia’s ANZ bank, which financed the sugar company from 2011-2014. Distribution of the funds, which ANZ agreed to pay in 2020, was complete as of this week, according to Inclusive Development International and Equitable Cambodia, two NGOs […]
ANZ launches human rights grievance mechanism in a first for the global banking sector
Joint statement by Inclusive Development International, Equitable Cambodia, BankTrack, Accountability Counsel and SOMO. Australia’s ANZ Bank today launched a Grievance Mechanism Framework to evaluate and respond to human rights related complaints associated with its corporate lending customers. This precedent-setting move makes ANZ the first large commercial bank in the world to adopt a human rights […]