Following the Myanmar coup in February 2021, 86 investors representing more than $4 trillion in assets endorsed an investor statement on business and human rights in Myanmar. They also launched a coordinated engagement with companies where evidence suggested their activities supported the military junta. Two years later, the responses from these companies have been mixed.

On February 28, 2023, Heartland participated in an Investor Alliance for Human Rights briefing on the situation in Myanmar, marking two years since the military coup. Heartland’s Sam Jones, along with Sycomore Asset Management’s Ariane Hivert, discussed their engagement with oil and gas companies and the steps they’ve taken to use their leverage, including ensuring a responsible exit from the country when human rights violations could not be mitigated. Carol Sivpey Te of PeaceNexus interviewed Ko Ye Myint of the Blood Money Campaign about the current human rights climate and its implications for business activities. Ben Hardman from EarthRights International and Montse Ferrer from Amnesty International explained how the operations of companies in the oil and gas services and aviation fuel industries are linked to the military junta and enable its human rights violations.