ABC News - Top Stories - Breaking news from Australia and the world. By the National Reporting Team's Sam Clark Leading Australian banks are financing companies accused of land grabbing, child labour and illegal logging, according to an Oxfam report released today.
The Oxfam report identifies four international cases where Australia's biggest banks have funded - directly or indirectly - companies accused of improperly or illegally acquiring land from local people. Oxfam's chief executive Helen Szoke said the big four - National Australia Bank, Commonwealth, Westpac and ANZ - are not living up to their image as global leaders in sustainable banking. "There is a gap between what the big four banks say they do and what they actually do," she said.