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- Paper Pulp Mills - Uruguay
- Corporate Accountability and Human Rights
- Climate Change and Human Rights
CEDHA Files CSR and Human Rights Compliance Complaint to Nordea in Uruguayan Cellulose Case
6 February –Argentina. The Center for Human Rights and Environment filed a Corporate Social Responsibility and Human Rights Compliance Complaint to Nordea (the largest Nordic financial services group), for its actions as lead arranger in the controversial pulp paper mill investment in Uruguay. Nordea lends to Botnia, de Finnish company and largest partner in the pulp production scheme.
The complaint centers on Nordea complicity in violations to international human rights law, violations to the UN Global Compact, violations to UNEPFI principles, violations to OECD Guidelines for Multinational Enterprises, violations to the UN Human Rights Norms for Transnational Corporations, violations to ILO Conventions, violations to the Universal Declaration of Human Rights, violations to IFC Environmental and Social Safeguard and Disclosure Policies, violations to Uruguayan national law, and violations to international bilateral law between Argentina and Uruguay.
The complaint informs Nordea of the various legal actions and other opposition that are taking place locally and globally in opposition to the paper mill investments and declares that Nordea is complicit in these violations and legally liable if it knowingly proceeds with any assistance to the papermill investments.
Nordea’s Corporate Citizenship Principles state a strong environmental ethic and commitment to sustainable development and promised to promote democracy and a responsible market economy. Among its many commitments to CSR and to upholding human rights, Nordea promises to foster environmental stewardship, and is signatory to the UN Global Compact and supports the Universal Declaration of Human Rights, ILO Conventions, UNEPFI and OECD Guidelines for Multi National Enterprises.
In closing, the complaint requests Nordea to:
Suspend previous, and cease all present and future consideration of financing of these projects;
Initiate any and all internal investigations into the allegations made in this compliance complaint;
Publicly inform clients, customers, stakeholders and the general public on its position with respect to the suspension of financing (or deciding not to suspend);
Assess and inform itself of project compliance with UNEPFI, the Global Compact, the UNDHR, the UN Norms, ILO Conventions and OECD Guidelines.
Nordea is the leading financial services group in the Nordic and Baltic Sea Region, headquartered in Sweden.
More Information
For more information contact:
Daniel Taillant
jdtaillant@cedha.org.ar
Center for Humans Rights and Environment
Cel. Tel. 54 9 351 625 3297;
CEDHA: 0351 425-6278
http://www.cedha.org.ar
