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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: ifu@ifu.dk Website: www.ifu.dk. Mission Statement.
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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: ifu@ifu.dk Website: www.ifu.dk
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.
Funds’ CSR Policy - Overview Corporate Social Responsibility (CSR) Policy CSR Operational Guidelines and Procedures Specific Guidelines:: 1: HIV/AIDS Guidelines 2: Animal Welfare Guidelines 3: Big Scale Pig Production Guidelines
Funds’ CSR Policy (statement) • For Funds and for projects in cooperation with partners. • Values and procedures also after Funds’ exit. • Comply with host country’s regulations, but benchmark critical areas against Danish or international standards. • Values from basic set of international conventions – 10 Global Compact Principles. • Transparency, accountability and information – funds and projects.
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.
CSR Guidelines & Procedures/Operation • 1. Best Judgement Declaration from DK partners – joint CSR actionplan 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.
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)
Lessons Learned • Investment • is better than • Invasion