Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
In addition to a financial and development impact assessment, when making an investment CDC evaluates a wide range of Environmental and Social (E&S), as well as Business Integrity, risks through a rigorous due diligence process. All of CDC’s investments follow its Code of Responsible Investing.
In the case of CDC’s investment into Frontiir, this included a stand-alone E&S due diligence with the terms of reference explicitly aligned to the CDC Code of Responsible Investing. The methodology included a site visit to Frontiir’s operations and a review of relevant documentation. The scope of the due diligence placed a focus on contextual factors including implications for any disadvantaged or vulnerable groups, indigenous peoples, alignment with the UN Guiding Principles on Business and Human Rights, forced labour/child labour, occupational health and safety and understanding how data security and privacy are handled, including censorship and government disclosure.
CDC provides further guidance on due diligence in its ESG Toolkit.