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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: [email protected] Website: www.ifu.dk. Mission Statement.

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Bremerholm 4 DK-1069 Copenhagen K Phone: +45 33 63 75 00 Fax: +45 33 32 25 24 E-mail: [email protected]

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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: [email protected]

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.


Inequality – DK and world


Poverty – Ups and Downs(less than $1 a day)


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


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