CDC Group plc, the UK Development Finance Institution (DFI), has launched an updated and fully-web enabled version of its environmental social and governance (ESG) Toolkit for Fund Managers at the 2015 Responsible Investment Forum. The Responsible Investment Forum takes place in London on June 23 and is co-hosted by Private Equity International (PEI) and the Principles for Responsible Investment (PRI).
The Responsible Investment Forum takes place in London on June 23 and is co-hosted by Private Equity International (PEI) and the Principles for Responsible Investment (PRI). The new CDC toolkit is available at toolkit.cdcgroup.com.
CDC is among the largest LPs in emerging markets private equity. In the last ten years, CDC has committed US$6.9bn to over 150 funds across emerging economies, including frontier markets such as Sierra Leone and Bangladesh. As a DFI, helping managers introduce, manage and improve ESG standards is an important part of how CDC adds value. The company first published its ESG Toolkit for Fund Managers in 2006 as a free-to-use guide for investors. Since then, over 300 professionals from 70 investment institutions have been trained to use the toolkit, with thousands of copies being downloaded and distributed.
Today, CDC’s ESG Toolkit for Fund Managers has become a critical resource for responsible investing in emerging markets. At the PEI-PRI RI Forum 2015, CDC rolled out a major upgrade to the Toolkit, making it available as an interactive online resource for the first time. CDC’s Director of Environmental and Social Responsibility, Mark Eckstein, introduced the new Toolkit and gave delegates an insight into how cutting edge investors are managing ESG issues in some of the world’s most challenging markets.
Mark Eckstein said: “ESG in Private Equity has moved from fringe to centre stage. The majority of investors now want the assurance that their capital is ‘doing no harm’ and many want their investments to go further and deliver ESG added value. Other key drivers include the realisation that failure to address ESG issues can erode value very quickly, especially in emerging markets, and the obverse recognition that proactive ESG can create value.
“CDC’s Toolkit helps fund managers navigate these waters with high quality guidance drawn from our experiences and those of our partners. It will provide fund managers with the tools they need to assess and manage risks as well as uncover ESG value drivers; and it will give them the confidence to negotiate with their own investors on the ESG requirements that make sense for their Funds. It is a game changing resource.”
The PEI-PRI co-hosted annual RI Forum is the largest and most influential conference series dedicated to ESG integration in private equity investing. Now in its sixth year, the conference brings together decision-makers to drive the debate on topic including LP-GP ESG reporting, the role of ESG in legal documentation and achieving effective company performance on ESG through the Board. Please view the PEI website for more information.
Rhyddid Carter, CDC Communications Manager:
+44 (0)20 7963 4741 / firstname.lastname@example.org
Eddie Buckley, CDC Head of Marketing
+44 (0)20 7963 4734 / email@example.com
Notes to Editors
CDC is the UK government-owned development finance institution that uses its own balance sheet to invest in the developing countries of Africa and South Asia. It has net assets of £2.9bn.
CDC’s mission is to support the building of businesses in Africa and South Asia, creating jobs and making a lasting difference to people’s lives in some of the world’s poorest places. CDC provides capital in all its forms, including equity, debt, mezzanine and guarantees, and this capital is typically used to fund growth. This capital is provided directly and through fund managers that are aligned with our aims.
The UN-supported Principles for Responsible Investment is an international network of nearly 1400 investors representing US$59 trillion in assets under management, working together to implement the six Principles into their investment decision-making and ownership practices. The Principles were devised by investors and launched in 2006. For more information on the PRI Initiative, please visit the PRI website.