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Australian bush fire victims and FoE Australia vs. ANZ Bank

Case overview

Date filed 30 January 2020
Current status Pending
Issue ANZ's climate impacts breach Enviro, Discl., Cons. Prot.
Summary of the case On 30 January 2020, Australian bushfire victims and Friends of the Earth Australia filed a specific instance against Australia New Zealand Bank (ANZ) at the Australian NCP. The complaint alleges that ANZ, Australia’s largest financier of fossil fuel industries, has failed to meaningfully adhere to the Paris Agreement reduction targets across its lending portfolio, in breach of the Environmental and Consumer Protection chapters of the Guidelines. The complaint also alleges that the bank’s failure to disclose the full extent of its lending emissions represents a breach of the Disclosure chapter of the OECD Guidelines. This is the first OECD Guidelines complaint to be handled by the the Australian NCP's new Independent Examiner, following the NCP's 2019 organisational restructuring. It is the second complaint concerning a bank's climate impacts, following a 2017-2019 complaint brought to the Dutch NCP concerning ING's climate targets and indirect greenhouse gas emissions.
Developments/Outcome In November 2020 the Australian has accepted the complaint for further consideration and will offer its good offices in an effort to resolve the case.
Relevant OECD Guidelines
Case keywords Les droits de l'homme, Environnement, Le changement climatique, Secteur financier, Lien d’investissement

NCP Information

NCP name National Contact Point Australia
NCP address Canberra, Australia
NCP website http://www.ausncp.gov.au/
Other NCPs involved

Complainants

Company Information

Company responsible ANZ Bank
Company address 105 Gavan St.
3741 Bright
New Zealand
Company website
Company in violation
Country of operations Australia
Other companies involved

Timeline of developments

Date Actor Action Description Document
25 November 2020 Friends of the Earth Australia press release FOEA and bush fire victims reponse to initial assessement by the Australian NCP. download pdf (987Kb)  
24 November 2020 National Contact Point Australia accept The Australian NCP has accepted the complaint for further consideration. download pdf (1196Kb)  
30 January 2020 Friends of the Earth Australia file Complaints file complaint download pdf (299Kb)  

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