Statement on Human Rights
Human Rights at Efic
Efic is a corporation owned by the Australian Government whose primary purpose is to facilitate and encourage Australian export trade on a commercial basis. In fulfilling that role, Efic is required to have regard to Australia’s obligations under international agreements, including Australia’s human rights obligations. Efic respects internationally recognised human rights and endeavours to reflect that respect through its operations and governance processes.
Internationally recognised human rights
Efic considers the internationally recognised human rights expressed in the following to be relevant to its transactions:
- the Universal Declaration of Human Rights and its two covenants, the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights (collectively known as the International Bill of Human Rights), and
- the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work.
These documents are the minimum reference point for internationally recognised human rights identified in the “Guiding Principles on Business and Human Rights” which was unanimously endorsed by the United Nations Human Rights Council in June 2011.
Efic’s human rights interactions
Efic considers that its main interaction with human rights occurs through the:
- projects and businesses supported by its financial products and solutions, and
- relationship with its employees.
Consideration and assessment of human rights are integrated into our management processes and systems, which are subject to ongoing review. These processes include a publicly available policy and procedure for environmental and social review of transactions and a mechanism for handling complaints or grievances.
Efic’s implementation of this Statement will be consistent with Commonwealth Government policy.
Adopted by the Efic Board 3rd December 2015