No excuse: How Australia’s big four banks can better respond to land grabs
For more information or to request a technical briefing, contact Shona Hawkes, Sustainable Food Advocacy Coordinator, Oxfam Australia on shonahawkes@oxfam.org.au or (+61) 415 444 113.
For more information or to request a technical briefing, contact Shona Hawkes, Sustainable Food Advocacy Coordinator, Oxfam Australia on shonahawkes@oxfam.org.au or (+61) 415 444 113.
There's no excuse for a failure to act on land grabs.
Since Oxfam revealed the links between Australia's biggest banks and companies implicated in agriculture land grabbing in emerging markets, Westpac and National Australia Bank have both moved to improve their record, while ANZ and Commonwealth Bank have totally failed to clean up their act.
But, so far, none of the big four have gone far enough to support land rights.
Today Oxfam has released a briefing paper for the Australian financial sector. The paper outlines in technical detail how exactly banks can enact a Zero Tolerance for Land Grabs approach and ensure that they're not profiting from companies that destroy the lives of communities overseas.
In showing the big four banks a roadmap for action, Oxfam is also putting the banks on notice.
There is no excuse for a failure to act.
You can find a copy of the briefing paper here
You can find out more about land grabs here