In 2012, an NGO became aware that ANZ Bank had provided a $40 million loan to Phnom Penh Sugar Company without consulting local communities affected by the project. Over the next two years, the NGO worked with the bank, company, and communities to address issues, but no solutions were found. In 2014, an official complaint was filed with the OECD in Australia. After years of advocacy and engagement through the OECD process, in 2019 ANZ Bank agreed to return all profits from the loan to the affected communities to address human rights issues with the project. This set an important precedent for holding banks accountable for loans that negatively impact people.
In 2012, an NGO became aware that ANZ Bank had provided a $40 million loan to Phnom Penh Sugar Company without consulting local communities affected by the project. Over the next two years, the NGO worked with the bank, company, and communities to address issues, but no solutions were found. In 2014, an official complaint was filed with the OECD in Australia. After years of advocacy and engagement through the OECD process, in 2019 ANZ Bank agreed to return all profits from the loan to the affected communities to address human rights issues with the project. This set an important precedent for holding banks accountable for loans that negatively impact people.
In 2012, an NGO became aware that ANZ Bank had provided a $40 million loan to Phnom Penh Sugar Company without consulting local communities affected by the project. Over the next two years, the NGO worked with the bank, company, and communities to address issues, but no solutions were found. In 2014, an official complaint was filed with the OECD in Australia. After years of advocacy and engagement through the OECD process, in 2019 ANZ Bank agreed to return all profits from the loan to the affected communities to address human rights issues with the project. This set an important precedent for holding banks accountable for loans that negatively impact people.
Dialogue: 0,0:00:00.00,0:01:37.00,Default,,0,0,0,, no sound
Dialogue: 0,0:01:37.00,0:01:47.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:01:47.00,0:01:57.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:01:57.00,0:02:05.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:02:05.00,0:02:15.00,Default,,0,0,0,,In the year 2012, our organization was aware that ANZ bank gave a loan to Dialogue: 0,0:02:15.00,0:02:30.00,Default,,0,0,0,,Phnom Penh Sugar, in the amount of 40 million dollars. Before, we were not aware of this loan to Sugarcane Company Dialogue: 0,0:02:30.00,0:02:40.00,Default,,0,0,0,,When we were aware about the loan we started the discussions with the bank Dialogue: 0,0:02:40.00,0:02:50.00,Default,,0,0,0,,with the involvement of the company, as well as the affected people, We spent about two years trying to Dialogue: 0,0:02:50.00,0:03:05.00,Default,,0,0,0,,discuss and address the issue, as well as the difficulties that the people were experiencing, The people have not received the solutions. Then, in the year 2014, the people decided to file a complaint to Dialogue: 0,0:03:05.00,0:03:10.00,Default,,0,0,0,,OECD mechanism based in Australia. Dialogue: 0,0:03:10.00,0:03:20.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:03:20.00,0:03:30.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:03:30.00,0:03:40.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:03:40.00,0:03:50.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:03:50.00,0:04:00.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:04:00.00,0:04:10.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:04:10.00,0:04:20.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:04:20.00,0:04:30.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:04:30.00,0:04:40.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:04:40.00,0:04:50.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:04:50.00,0:05:00.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:05:00.00,0:05:10.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:05:10.00,0:05:20.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:05:20.00,0:05:30.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:05:30.00,0:05:40.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:05:40.00,0:05:50.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:05:50.00,0:06:00.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:06:00.00,0:06:10.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:06:10.00,0:06:20.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:06:20.00,0:06:30.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:06:30.00,0:06:40.00,Default,,0,0,0,,After we filed a complaint to the OECD mechanism after 2 or 3 years, Dialogue: 0,0:06:40.00,0:06:50.00,Default,,0,0,0,,There were no resolutions because, at that time, there were no solutions made by the bank following the request of the people. Dialogue: 0,0:06:50.00,0:07:00.00,Default,,0,0,0,,And at the same time, people and partner NGOs made a lot of advocacy in Australia until Dialogue: 0,0:07:00.00,0:07:12.00,Default,,0,0,0,,In the year 2019, ANZ bank reengaged in discussion over the issue and solutions following the OECD mechanism. And Dialogue: 0,0:07:12.00,0:07:26.00,Default,,0,0,0,,At the beginning of 2020, we agreed in principle on the resolution of providing profit as a return, Dialogue: 0,0:07:26.00,0:07:33.00,Default,,0,0,0,,that the bank has provided a loan to the company. Dialogue: 0,0:07:33.00,0:07:43.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:07:43.00,0:07:53.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:07:53.00,0:08:03.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:08:03.00,0:08:13.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:08:13.00,0:08:23.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:08:23.00,0:08:25.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:08:25.00,0:08:35.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:08:35.00,0:08:45.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:08:45.00,0:08:55.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:08:55.00,0:09:05.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:09:05.00,0:09:15.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:09:15.00,0:09:25.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:09:25.00,0:09:36.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:09:36.00,0:09:46.00,Default,,0,0,0,,laughing and Dialogue in English Dialogue: 0,0:09:46.00,0:09:56.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:09:56.00,0:10:06.00,Default,,0,0,0,,English dialogue Dialogue: 0,0:10:06.00,0:10:16.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:10:16.00,0:10:30.00,Default,,0,0,0,,In 2019, we were aware about - (would like to say it again). Dialogue: 0,0:10:30.00,0:10:40.00,Default,,0,0,0,,In the year 2019, the president of ANZ bank stated that the bank should not accept Dialogue: 0,0:10:40.00,0:10:50.00,Default,,0,0,0,,accept the profits from the project that human rights were abused. Because of this statement, we have worked Dialogue: 0,0:10:50.00,0:11:05.00,Default,,0,0,0,,to demand the bank to honor what was stated by its president. In this case, the bank should give all the profits to the people. At that time, we received Dialogue: 0,0:11:05.00,0:11:15.00,Default,,0,0,0,,the involvement of the bank, the bank returned and was involved in the OECD mechanism Dialogue: 0,0:11:15.00,0:11:25.00,Default,,0,0,0,,and discussions were made so many times through meeting both online and offline with Dialogue: 0,0:11:25.00,0:11:35.00,Default,,0,0,0,,people representatives from Cambodia, though the bank and the stakeholders had agreed in the year Dialogue: 0,0:11:35.00,0:11:45.00,Default,,0,0,0,,2020 in February, agreed to return all the profits to the people. Dialogue: 0,0:11:45.00,0:11:55.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:11:55.00,0:12:05.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:12:05.00,0:12:15.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:12:15.00,0:12:25.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:12:25.00,0:12:35.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:12:35.00,0:12:45.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:12:45.00,0:12:53.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:12:53.00,0:13:08.00,Default,,0,0,0,,A resolution agreement, also known as a settlement agreement in English, it has an amount of - again Dialogue: 0,0:13:08.00,0:13:18.00,Default,,0,0,0,,the shirt was tight - English dialogue Dialogue: 0,0:13:18.00,0:13:28.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:13:28.00,0:13:38.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:13:38.00,0:13:48.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:13:48.00,0:13:58.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:13:58.00,0:14:08.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:14:08.00,0:14:18.00,Default,,0,0,0,,The solution that was offered by the bank to the villagers has an amount that we think it Dialogue: 0,0:14:18.00,0:14:30.00,Default,,0,0,0,,can help to restore the livelihoods of the villagers in the short term. But it was not compensation offered for the loss of land by the villagers. Dialogue: 0,0:14:30.00,0:14:42.00,Default,,0,0,0,,This was agreed by us.,The villagers were overjoyed when the bank took care of their problems and participated in offering solutions Dialogue: 0,0:14:42.00,0:14:52.00,Default,,0,0,0,,to them and they can cope with some of the livelihoods that they have been experiencing Dialogue: 0,0:14:52.00,0:15:08.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:15:08.00,0:15:22.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:15:22.00,0:15:36.00,Default,,0,0,0,,This solution was considered the most important for the globe as well as the victims as a result of loans given by huge international banks. Dialogue: 0,0:15:36.00,0:15:49.00,Default,,0,0,0,,Because in the past, a lot of loans were given out while the victims did not have access to the support or offer solutions from Dialogue: 0,0:15:49.00,0:16:00.00,Default,,0,0,0,,the bank. The responsibilities were always assigned to the project implementer, such as the company. This case is the model. Dialogue: 0,0:16:00.00,0:16:10.00,Default,,0,0,0,,In the future, villagers could use it to demand solutions from banks. "And Dialogue: 0,0:16:10.00,0:16:20.00,Default,,0,0,0,,In reality/in practice, ANZ bank has admitted some gaps in its implementation, that is why Dialogue: 0,0:16:20.00,0:16:31.00,Default,,0,0,0,,they offered all profits to the villagers. And in addition, they have altered Dialogue: 0,0:16:31.00,0:16:41.00,Default,,0,0,0,,their policies include land policy, grievance mechanisms, and so on, and the victims in the future are able to Dialogue: 0,0:16:41.00,0:16:51.00,Default,,0,0,0,,use the mechanisms or policies that were created by ANZ bank. Dialogue: 0,0:16:51.00,0:17:01.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:17:01.00,0:17:11.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:17:11.00,0:17:21.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:17:21.00,0:17:31.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:17:31.00,0:17:41.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:17:41.00,0:17:51.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:17:51.00,0:18:01.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:18:01.00,0:18:10.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:18:10.00,0:18:20.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:18:20.00,0:18:30.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:18:30.00,0:18:32.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:18:32.00,0:18:40.00,Default,,0,0,0,,ANZ bank has returned all of their profits to the villagers to restore their livelihoods. Dialogue: 0,0:18:40.00,0:18:50.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:18:50.00,0:19:00.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:19:00.00,0:19:20.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:19:20.00,0:19:30.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:19:30.00,0:19:40.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:19:40.00,0:19:50.00,Default,,0,0,0,,Dialogue in English -takeaway Dialogue: 0,0:19:50.00,0:20:00.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:20:00.00,0:20:10.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:20:10.00,0:20:20.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:20:20.00,0:20:30.00,Default,,0,0,0,,no sound Dialogue: 0,0:20:30.00,0:20:40.00,Default,,0,0,0,,no sound Dialogue: 0,0:20:40.00,0:20:50.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:20:50.00,0:20:58.00,Default,,0,0,0,,Dialogue in English -takeaway or lessons learned Dialogue: 0,0:20:58.00,0:21:08.00,Default,,0,0,0,,As a result of our experience or lessons learned in this case, it is clear that the majority of the difficulties we encountered Dialogue: 0,0:21:08.00,0:21:18.00,Default,,0,0,0,,It requires the involvement of the partner NGOs as well as stakeholders, including donors. Dialogue: 0,0:21:18.00,0:21:30.00,Default,,0,0,0,,Up to now, it has been almost ten years since we received some resolutions such as transferring the budget or profits from the bank to the villagers. Dialogue: 0,0:21:30.00,0:21:40.00,Default,,0,0,0,,so it requires everyone to work patiently and spend time working together Dialogue: 0,0:21:40.00,0:21:53.00,Default,,0,0,0,,Separately, it is seen that the community itself has so many challenges, including looking for required documents. Dialogue: 0,0:21:53.00,0:22:03.00,Default,,0,0,0,,to participate in dealing with all the issues, even opening bank accounts for them. Dialogue: 0,0:22:03.00,0:22:14.00,Default,,0,0,0,,It was required to have the documents, and the challenging case we encountered in the past was that villagers did not have those documents, so it was necessary to have new solutions. Dialogue: 0,0:22:14.00,0:22:25.00,Default,,0,0,0,,When opening the bank account, the kin can work for them instead, and we can transfer the funds to them. Dialogue: 0,0:22:25.00,0:22:35.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:22:35.00,0:22:45.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:22:45.00,0:22:55.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:22:55.00,0:23:05.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:23:05.00,0:23:15.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:23:15.00,0:23:25.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:23:25.00,0:23:40.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:23:40.00,0:23:50.00,Default,,0,0,0,,Another critical point was that we received from the mechanisms that we had seen the villagers Dialogue: 0,0:23:50.00,0:24:05.00,Default,,0,0,0,,can make a demand on the bank to give the profits to the villagers. This is a rare case in the world, and this case does not exist. Dialogue: 0,0:24:05.00,0:24:15.00,Default,,0,0,0,,And it creates new choices or habits for villagers or workers who work for Dialogue: 0,0:24:15.00,0:24:26.00,Default,,0,0,0,,the human rights issues are able to be used in the future to work with the villagers as well as the banking sector. Dialogue: 0,0:24:26.00,0:24:36.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:24:36.00,0:24:46.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:24:46.00,0:24:56.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:24:56.00,0:25:04.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:25:04.00,0:25:14.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:25:14.00,0:25:24.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:25:24.00,0:25:34.00,Default,,0,0,0,,no sound Dialogue: 0,0:25:34.00,0:25:49.00,Default,,0,0,0,,no sound Dialogue: 0,0:25:49.00,0:25:59.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:25:59.00,0:26:10.00,Default,,0,0,0,,Dialogue in English Dialogue: 0,0:26:10.00,0:26:20.00,Default,,0,0,0,,no sound Dialogue: 0,0:26:20.00,0:26:30.00,Default,,0,0,0,,No sound Dialogue: 0,0:26:30.00,0:26:40.00,Default,,0,0,0,,No sound Dialogue: 0,0:26:40.00,0:26:50.00,Default,,0,0,0,,No sound Dialogue: 0,0:26:50.00,0:27:00.00,Default,,0,0,0,,No sound Dialogue: 0,0:27:00.00,0:27:14.00,Default,,0,0,0,,No sound