In addition to development impacts, FinDev Canada aims to fully understand the human rights and environmental and social (E&S) risks presented by the operations of the businesses it supports. FinDev Canada’s E&S Assessment Policy outlines the approach taken to mitigate human rights and E&S risks and potentially improve baseline E&S conditions in the businesses it supports.
FinDev Canada is committed to transparency about its operations, strategies and policies. At the same time, FinDev Canada recognizes the requirements of a responsible financial institution to protect the commercially sensitive and confidential business and financial information of its clients. FinDev Canada is guided by a Transparency Policy that governs the disclosure of information.
Disclosure Statement, Operating Principles for Impact Management
Since April 2019, FinDev Canada is a signatory to the Operating Principles for Impact Management (the Principles). The Principles provide a reference point against which the impact management systems of funds and institutions may be assessed. This Disclosure Statement confirms that FinDev Canada’s investments are managed in alignment with the Principles.
Disclosure of Aggregate Data
Aggregate data is reported on the volume of business supported by FinDev Canada against a number of elements: industry sectors, strategy goals, development impacts, geographic areas and types of financial services provided.
FinDev Canada's 2020 Corporate Plan is available for consultation below:
Disclosure of Transactions
Information on individual transactions under consideration, as well as those supported by FinDev Canada can be found below. If we are unable to provide public notification 30 days in advance of the support being awarded a justification is provided.
Climate Investor One
EcoEnterprises III, L.P.
Danper Agrícola La Venturosa S.A.C.
Africa, Lesotho, Ghana, Zimbabwe and Zambia.
Africa Forestry Fund II Limited
Criterion Africa Sustainable Forestry Management II LLC (the “Manager” or
commitment of US$ 81M and is targeting a US$ 150M final close. The Fund has strong potential to provide positive environmental impact, local market
development and contribute to women’s economic empowerment at the investee companies.
Développement international Desjardins
Latin American Agribusiness Development Corporation S.A.
Phatisa Food Fund
(the “General Partner”, or “GP”); Phatisa Group Limited (“Phatisa”, the “General Manager”); Actif Africains Investment Limited
AVLA Peru Compañía de Seguros S.A.
ETG Commodities Ltd;
Export Trading Commodities PTE Ltd.
Environmental and social due diligence is currently underway in accordance with FinDev Canada's Environmental & Social (E&S) Policy and will include a review of ETG's E&S risk management systems, practices within their operations and in their supply chains to ensure compliance with appropriate E&S benchmarks, including IFC Performance Standards.
Client Contact: Alok Mishra, Group Head-Sustainability
M (India): +91 7710037481
View the Environmental & Social Risk Assessment here.
Travel and Hospitality Expenses
As part of our commitment to good governance, we have policies governing the reimbursement of reasonable expenses required for the purposes of business travel and hospitality.
Through our website, we voluntarily publish the travel and hospitality expenses of our Managing Director and senior executives. Expenses are reported by quarter and are reflected in the period during which they are reported in our financial records.
Summary of travel and hospitality expenses for the Managing Director and for senior executives: