In addition to development impacts, FinDev Canada aims to fully understand the human rights and environmental, social and governance (ESG) risks presented by the operations of the businesses it supports. FinDev Canada’s ESG Assessment Policy outlines the approach taken to mitigate human rights and ESG risks and potentially improve baseline ESG 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 of Aggregate Data
Aggregate data is reported quarterly 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.
No data available yet.
FinDev Canada's 2018 Corporate Plan as tabled in Parliament 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.
Managing Director’s 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:
No expenses to report for Q1 2018.
Policies and Guidelines
Environmental, Social and Governance (ESG)
In addition to development impacts, FinDev Canada aims to fully understand the human rights and environmental, social and governance (ESG) risks presented by the businesses it supports. FinDev Canada’s Interim ESG Assessment Policy outlines the approach taken to mitigate negative human rights and environmental and social risks and potentially improve these conditions in those businesses. A final policy will be developed in the coming months.
FinDev Canada is committed to actively engaging with stakeholders.
Summaries of engagement sessions are available here:
March 16th, 2018 - Innovation for Development Impact: Building a 21st Century DFI
August 1st, 2017 - Establishing Canada’s Development Finance Institution
Stakeholder engagement process: Development Impact Framework
FinDev Canada’s Development Impact Framework was open for stakeholder comments in May and June 2018. We received more than 145 comments from over 30 different organizations and individuals, and the organizations represented a range of stakeholder types, including non-governmental organizations / civil society, development finance institutions (DFIs) and impact investors, the private sector, academic and research institutions, and multilateral and government agencies. We are grateful to those stakeholders who took time to provide thoughtful feedback to our impact approach