| Due diligence of a company financing a mining company in Armenia | |
|---|---|
| Lead NCP | Denmark |
| Supporting NCP(s) | |
| Description | This complaint concerns the respondent's involvement in company A, a company operating a mine in Armenia. |
| Theme(s) | Environment, General policies, Human rights |
| Date | 19 Sep 2017 |
| Host country(ies) | Armenia |
| Source | NGO |
| Industry sector | Financial and insurance activities |
| Status | Not accepted |
| Summary | Read the final statement issued by the NCP of Denmark- 19 June 2018 The complaint concerns the respondent involvement in company A, which is a company operating a mine in Armenia. As the respondent provided the guarantee for the financing of the mining company, the complainants allege that the respondent is responsible for not observing the OECD Guidelines for Multinational Enterprises and that the respondent is subject of the complaint. The issues raised in the complaint concern the principles of the OECD Guidelines of enterprises’ duty to carry out risk-based due diligence and to identify, prevent and mitigate actual and potential adverse impact and in this case the respondent’s exercise of due diligence in regard to the impacts of the mine project in Armenia. The NCP has conducted a preliminary examination of the complaint on 12 April 2018. Following an examination, the Danish NCP has assessed the due diligence processes of the respondent against the complaint and OECD’s Guidelines for Multinational Enterprises. The NCP finds that the respondent has carried out due diligence in accordance with the OECD Guidelines for Multinational Enterprises and sought to prevent and mitigate actual and potential adverse impacts cf. MNE Guidelines, Chapter II. General Policies para. 10 and para. 12. On this basis the NCP finds that the issues raised do not merit further examination. #directlylinked #stakeholderengagement #duediligence #labourrights #labourconditions #pollutionandwastemanagement #mining #exportcreditagency |
