The NGO Oxfam recently alleged ANZ has financed “land grabs” in some developing countries in Asia and the Pacific.
When such claims are made our approach is to first raise the allegations with customers. When necessary we support and encourage customers to make ongoing improvements in their social and environmental performance. We have exited customers when they have failed to work collaboratively on credible and time-bound performance improvement plans.
ANZ has been involved in an extensive dialogue in Australia and, in particular, Cambodia, to hear the concerns of NGOs and encourage direct dialogue between customers and stakeholders.