Finance & Trade Watch Austria et al. and ANDRITZ HYDRO GmbH agreed to continue their cooperation after closing of the mediation proceedings before the Austrian NCP.
In the complaint procedure raised by a group of NGOs under the lead of Finance & Trade Watch Austria against ANDRITZ HYDRO GmbH, the parties were able to reach a consensus and signed a Joint Statement.
The Austrian NCP commends the parties for reaching an agreement.
The issues raised in the complaint referred to a potential breach of the OECD Guidelines for Multinational Enterprises with regards to human rights and environmental standards in connection with the construction of the Xayaburi hydropower project in Lao PDR by ANDRITZ HYDRO GmbH.
The agreement in the Joint Declaration by the parties foresees the continuation of the efforts of both parties for improving the situation of the local communities in the Mekong region. The company acknowledges its obligation to respect international human rights and environmental standards, as laid down in particular in the OECD Guidelines, in its due diligence procedures for all future projects. ANDRITZ HYDRO GmbH has also committed to develop its policies and procedures in relation to the implementation of human rights and environmental standards in accordance with internationally recognised principles, such as the OECD Guidelines.
The parties will issue follow-up statements on recent developments within the next twelve months to the Austrian NCP. The established basis of mutual trust will be maintained by continuing the positive dialogue between the company and civil society. The Austrian NCP serves as a platform for the follow-up process.
The OECD and the Steering Committee of the Austrian NCP, which is composed of Representatives of relevant Ministries in Austria, the social partners, civil society and a legal expert were informed about the results of this specific instance procedure.
Federal Ministry of Science, Research and Economy
Austrian NCP for the OECD Guidelines for Multinational Enterprises
Telephone: +43(0)1 711 00/805240 or 805050
Fax: +43 1 71100 - 8045050