bremerholm 4 dk-1069 copenhagen k phone: +45 33 63 75 00 fax: +45 33 32 25 24 e-mail: [email protected]
DESCRIPTION
DANISH CHURCH AID CONFERENCE 23 FEBRUARY 2006 CSR, POVERTY AND HUNGER Sven Riskær, IFU. Bremerholm 4 DK-1069 Copenhagen K Phone: +45 33 63 75 00 Fax: +45 33 32 25 24 E-mail: [email protected] Website: www.ifu.dk. Mission Statement. - PowerPoint PPT PresentationTRANSCRIPT
DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ
Bremerholm 4
DK-1069 Copenhagen K
Phone: +45 33 63 75 00
Fax: +45 33 32 25 24
E-mail: [email protected]
Website: www.ifu.dk
DANISH CHURCH AID CONFERENCE
23 FEBRUARY 2006
CSR, POVERTY AND HUNGERSven Riskær, IFU
23 February 2006Sven Riskær
2DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ
Mission Statement
To enhance global economic growth, development and more equitable income distribution through increased global flow of socially and environmentally responsible, productive investments making optimal use of comparative advantages.
23 February 2006Sven Riskær
3DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ
Funds’ CSR Policy - Overview
Corporate Social Responsibility (CSR) Policy
CSR Operational Guidelines and Procedures
1: HIV/AIDS Guidelines
Specific Guidelines::
3: Big Scale Pig Production
Guidelines
2: Animal WelfareGuidelines
23 February 2006Sven Riskær
4DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ
Funds’ CSR Policy (statement)
1. For Funds and for projects in cooperation with partners.
2. Values and procedures also after Funds’ exit.
3. Comply with host country’s regulations, but benchmark critical areas against Danish or international standards.
4. Values from basic set of international conventions – 10 Global Compact Principles.
5. Transparency, accountability and information – funds and projects.
23 February 2006Sven Riskær
5DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ
CSR Guidelines & Procedures/Prestart
1. Active cooperation with responsible partners.
2. Benchmarking local regulations against Danish or international standards – identifying critical risks and impacts – HRCA/Quick-check.
3. Use experienced DK partners CSR policies – to focus on less experienced partners.
23 February 2006Sven Riskær
6DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ
CSR Guidelines & Procedures/Operation
1. Best Judgement Declaration from DK partners – joint CSR action plan for improvements – and annual CSR status reports (at post-investment stage).
2. Project companies establish own CSR policy to secure follow-up also after Funds’ exit.
3. Specific: HIV/AIDS, animal welfare, big scale pig farms.
23 February 2006Sven Riskær
7DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ
Inequality – DK and world
0
20
40
60
80
100
0 20 40 60 80 100
Acc. Population %
Acc
. In
com
e %
23 February 2006Sven Riskær
8DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ
Poverty – Ups and Downs (less than $1 a day)
0
100
200
300
400
500
600
700
1981 1984 1987 1990 1993 1996 1999 2001 2003
Mil
lio
ns
China Sub-Saharan Africa India
23 February 2006Sven Riskær
9DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ
CSR and Philanthropy – job sharing
• NGO to enhance sub-suppliers
• NGO to provide community services in collaboration with companies
• Insist on 0.7% target for ODA (J. Sachs)
23 February 2006Sven Riskær
10DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ
Lessons Learned
Investment
is better than
Invasion