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RECORD OF ACTIONS TAKEN BY PRIVATE COMPANIES

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SAC-M expresses appreciation to those entities that have promptly decided to modify their modus operandi to avoid providing unwanted support to the Tatmadaw. In particular, SAC-M positively notes the efforts of business entities to comply with the Guiding Principles on Business and Human Rights – chiefly Principle 13 “Avoid causing or contributing to adverse human rights impacts through their own activities, and address such impacts when they occur” and Principle 23 “In all contexts, business enterprises should: […] (b) Seek ways to honour the principles of internationally recognized human rights when faced with conflicting requirements; (c) Treat the risk of causing or contributing to gross human rights abuses as a legal compliance issue wherever they operate.”

The importance of business entities weighing in to address the political and human rights situation is evident from the wide range of economic sectors that have already taken actions. These include communication services, financial institutions, technology companies, clothing and fashion industries, food and beverages, and oil, gas, electricity, and renewable energy actors. SAC-M calls on all companies operating in Myanmar, and in particular those active in at-risk sectors such as natural resource extraction, to assess without any further delay if their actions are financially supporting the Tatmadaw, directly or indirectly, and take immediate appropriate actions to end that support.

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