Lessons from the ANZ-Phnom Penh Sugar Case for the OECD National Contact Point System of Corporate Accountability

In February 2020, following a decade-long struggle for justice, determined group of displaced Cambodian farmers and two advocacy organizations (Inclusive Development International Equitable Cambodia) reached landmark agreement with the Australia New Zealand Banking Group (ANZ) to provide financial pay-out their suffering. The set an important human rights precedent global banking industry. It was first time known that commercial bank made contribution remediate harms caused by one its corporate customers, after acknowledging due diligence had been inadequate. 1 case also rare example community receiving compensation through Organization Economic Cooperation (OECD)’s voluntary system accountability (the OECD’s National Contact Points or NCPs). While final outcome positive, singularity immense effort, tenacity resources required in obtaining it, demonstrate both what is wrong this reforms are needed reach potential advance greater business respect rights.