Transfield Services is facing a stormy annual general meeting on Wednesday as activists prepare to release a report on alleged abuses at detention centres on Manus Island and Nauru run by the contractor and organise protests.
No Business in Abuse, the lobby group that opposes companies making money out the detention centres, is aiming to release a report that it claims will detail "Transfield's complicity in human rights abuses" as early as Monday.
The group plans to participate in protests outside Wednesday's AGM in Sydney and will hold proxies for some Transfield investors, allowing it to also raise questions inside the meeting.
Transfield has said there have been no "substantiated claims" of abuses by its employees against asylum seekers at the detention centres. It declined to comment on the AGM.
The AGM comes as Transfield prepares to renew a contract to provide welfare and security services at the detention centres for a further five years.
Corporate governance experts say Transfield should continue to push for greater transparency at the detention centres, including independent monitoring.
"Investors would then be better able to judge whether or not they perceive a potential exposure to human rights risks, or to the flow-on effects of reputational risk on Transfield's broader business," said Citigroup environmental, social and governance analyst Elaine Prior in a report this month.
Some institutional investors, including industry superannuation fund HESTA, have sold their stake in Transfield following lobbying from members opposed to the contractor's management of the detention centres.
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