The Australian Centre for International Justice, working with the Burmese Rohingya Community in Australia (BRCA), submitted a Freedom of Information request for the Future Fund to disclose any holdings it has in Adani Ports and Special Economic Zone Ltd (Adani Ports SEZ). The FOI revealed the Future Fund has AUD$3.2 million invested in Adani Ports SEZ, this is despite critical environmental, social and corporate governance failings of the company in Myanmar because of its commercial deal in Myanmar with a Myanmar military holding company, the Myanmar Economic Corporation (MEC), as identified by the UN Human Rights Council’s International Fact-Finding Mission on Myanmar in the August 2019 Report on the ‘Economic interests of the Myanmar military.’
The Australian Centre for International Justice (ACIJ), the Burmese Rohingya Community in Australia (BRCA), and the Australian Conservation Foundation (ACF) have written to the Chairperson of the Future Fund, Peter Costello, urging the fund to divest all holdings from Adani Ports and Special Economic Zones Limited, and any other entities that maintain business ties with Myanmar military-owned companies and the Carmichael coal project.
Read the ACIJ and BRCA’s letter to the Future Fund here.
Read the Freedom of Information request and release.
Update: Read the response from the Future Fund to ACIJ and BRCA’s request.