This report reveals new links between Australia's big four banks and three land grabbing case studies previously documented in Oxfam's 2014 report Banking on Shaky Ground. The new report also provides evidence that, even after Oxfam first alerted the banks to their exposure to land grabs, all four banks committed tens of millions of dollars in loan facilities to the agribusiness firm Cargill. A former subsidiary of Cargill acquired large tracts of land in Colombia’s Altillanura region that had been set aside by law for family farming. Significantly, none of the banks included discussion of this additional exposure to allegations of land grabs in their 2014 and 2015 sustainability reports. This raises another important question: how reliably are banks reporting land-related risks to their shareholders and the wider public?
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We believe that poverty is unjustifiable and preventable, that the present state of inequality and injustice must be challenged, and that with the right help, poor people can change their lives for the better.
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Open Development Cambodia (ODC) is an ‘open data’ website, the first of its kind in Southeast Asia. The open data movement is based on the simple premise that data collected for public interest should be publicly available without restrictions. Information or data in the public domain should be freely available to everyone to use and republish as they wish. Open Development Cambodia does not promote any particular perspective, agenda or bias other than to provide objective information about Cambodia and its development.