When: 12:30pm, Thursday 24th November
Where: Outside ANZ, 111 Brisbane Street, Launceston
Despite claims it isn’t supporting the pulp mill, the ANZ Bank continues to provide financial support for Gunns Ltd despite the company’s $355.5 million debt. As the pulp mill is Gunns’ core business, through its continued financial support, the ANZ is complicit in the continuation of this project.
The ANZ is a signatory to the Equator Principles, and on its website states that all the major projects/businesses financially backed by ANZ comply with the Equator Principles. This means that ANZ has “committed to fund only new projects that can be developed and operated according to sound social and environmental standards.” (See below for more information)
We need to remind the ANZ that this pulp mill is a filthy, polluting entity that will never have a social licence from the community. We must ensure ANZ clearly understands that the Australian community will be coming after them if they continue this farce with Gunns.
We ask for your support to tell ANZ that we have not forgotten their current position of financial support for Gunns and the pulp mill, by attending a silent Peaceful Community Protest at 12.30 outside ANZ in Launceston to coincide with Gunns’ AGM in Melbourne on Thursday 24th November. Bring your banners, black flags, placards.
We hope to see you there!
Pulp the Mill Working Group
For further information about the protest, please contact Kathy Hobman 0418 140952
PS. Two people from the working group will be attending Gunns AGM in Melbourne.
FROM ANZ WEBSITE www.anz.com/about-us/corporate-responsibility/customers/responsible-business-lending/equator-principles/
About the Equator Principles
The Equator Principles were established in association with the World Bank’s International Finance Corporation (IFC) in 2003 and updated in 2006. They have been adopted by nearly 50 banks around the world, covering over 85% of the global project finance market.
The Equator Principles are designed for use primarily in countries with developing legal frameworks. They have particular relevance to ANZ as we are a financier of projects in emerging Asian economies.
By adopting the Equator Principles, we have committed to fund only new projects that can be developed and operated according to sound social and environmental standard.
What the Equator Principles require
A project within the scope of the Equator Principles is evaluated against comprehensive international performance standards on issues such as labour and working conditions, natural resource management, pollution prevention, impacts on Indigenous people, and community health and safety.
Managers of projects with a high social or environmental impact must consult with local communities about concerns those communities may have. Following consultation they must then prepare a management and monitoring plan describing the actions needed to adequately mitigate the social and environmental risks of the project.
We are required under the Equator Principles to ensure these steps are carried out in collaboration with our clients.
The principles do not prescribe for a bank what projects it should be involved in and those it should avoid, but rather ensure the bank makes an informed decision, by requiring a thorough analysis of potential social and environmental impacts.
Pulp the Mill Working Group