Broadspectrum Growth Threatened as Byron Shire Adopts No Business in Abuse Pledge

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No Business in Abuse has applauded the decision by Byron Shire Council to pass the No Business in Abuse pledge and refuse to do business with all companies servicing Australia’s offshore detention centres.

Byron Shire Counci has joined three other councils; City of Sydney, Leichhardt and Yarra City as momentum grows from the NBIA campaign after the recent divestments of Australian superannuation funds spreads to current and prospective clients of Broadspectrum and the Wilson Group.

Shen Narayanasamy, Executive Director of No Business in Abuse and Human Rights Campaign Director at Getup said this decision will impact the minds of shareholders currently considering the takeover bid by Ferrovial. “The financial and reputational risk of complicity in human rights abuses doesn’t stop with investors stripping funds, it impacts upon companies’ relationships with clients. Investors will be asking themselves – what impact will this campaign have on Broadspectrum’s growth prospects”

“Byron Shire’s decision last night provides momentum to the NBIA campaign which has expanded to target the clients of Broadspectrum and Wilson, including councils, schools, hospitals and big resources companies.

Byron residents turned up to the council meeting today, with local residents opposing their council being financially involved with those associated with human rights abuses, and expressing hope that other councils will soon follow their leadership.

“This decision also sends a message to Ferrovial, the Spanish company seeking to takeover Broadspectrum. Regardless of who owns this company, its clients, investors and financiers will be targeted to ensure that no company profits from the abuse of the traumatised men, women and children in Australia’s detention centres.

“Broadspectrum has had to contend with a local campaign. Ferrovial will face a global campaign if it chooses to ally itself with the Australian Government’s widely condemned offshore detention centres. The decision of the City of Sydney, mere weeks after thousands of Australians joined the campaign, indicates that the offshore detention contracts are a risky association for any business.

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