Title: Dias nummer 1
1Investments for Development
2Investments for Development
- CSR as a strategic element in investments and
business plans - How to combine return on investments and CSR
- Frank Norman Larsen
- Deputy Managing Director
3Investments for Development
4Investments for Development
- IFU project countries
- HEAD OFFICE
- OFFICES
- ADVISER OFFICES
- ADVISERS
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BASIC FACTS AS PER 31 DEC. 2007
- Created by Act of Parliament in 1967
- Equity DKK 2,316 mill.
- 616 projects in 77 countries
- DKK 7,209 mill. invested since 1967
- Investments range from DKK 45,000 to DKK 50
mill. - Joint Venture ownership range from 4 to 50
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62 active projects 123 excited projects
7Kenya Acacia Fund (financial institution) KBC
(tent camp) Aviation Lease (operational lease of
aircrafts) DCK-EA (agriculture and
farming) DCK-Production (agriculture
farming) Muus (feed mill) Vestergaard Frandsen
(textiles) Tanzania Crispo Snack Foods (crisps
production) Emunio (safety syringes) Kibotrade
(textiles) Dahaco (airport handling) Den-Tan
Resources (fishing) Mashado Game Fishing Lodge
(hotels restaurants) Mount Mery (hotels
restaurants) RSP Transport (water
transport) Tanruss (hotels restaurants) Uganda
Biyinzika (slaughter house) CareWorks (HIV
disease management) K2-Informatics (management
and IT consultancy) Victoria Engineering (steel
fabrication, galvanization, pumps) Victoria Pumps
(mechanical engineering) Drillcon (drilling of
bore holes) MTN Publicom (pay phones) Maersk
Uganda (operation of container depot) Motocare
(sale maintenance of vehicles) Victoria Fresh
Foods (fishing fish processing)
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CSR POLICY
- Our objective is to create financially and
socially responsible business develop-ment. - Environmental Policy regarding Environmental and
Health and Safety issues adopted in 1996 - Code of Conduct regarding Human Rights, labour
practices and bribery adopted in 1998 - A revised and expanded CSR policy adopted in
2005. - IFU support the UN Global Compact initiative.
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SUBJECTS IN IFUs CSR POLICY
- Continuously strive to apply high standards
regarding - Human rights
- Labour rights and Health and Safety
- Environment
- Business ethics
- Always comply with the rules and regulations of
the host country as a minimum. - Use Danish and/or internationally approved
standards as benchmarks.
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THE IFU CSR PROCESS
1) Initial assessments
2) Best Judgement Declaration
5) Updated,Classification
3) CSR Action Plan
4) Annual CSR Status Report
11Best Judgement Declaration part of agreement
Example It is our best judgement that project
company, in addition to complying with country X
rules and regulations, in all essentials will
comply with Danish rules and regulations
regarding the external environment as well as the
occupational health and safety, except for the
following significant deviations In our
best judgement the company shall comply with
Danish standards for environment and OHS in all
material aspects within a period of 12
months
- A formal Water Act consent from the Environment
Protection and Pollution Control Board shall be
obtained, - A formal consent under the Noise Pollution Rules
shall be obtained, - The pollution control devices which are in poor
condition shall be replaced, - Efficient operation of the effluent treatment
plant.
12Human Rights Compliance Assessment the quick
check
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- The Quick Check has
- 28 main questions regarding human rights and
labour practices, - all with references to international law, and
- including suggested indicators for further
investigation
13HUMAN RIGHTS COMPLIANCE ASSESSMENT QUICK CHECK
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14HUMAN RIGHTS COMPLIANCE ASSESSMENT QUICK CHECK
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CSR Action plan part of agreement
- The CSR Action plan is a disbursement condition
and should describe - the action required
- clear time limits
- Committed responsibilities
- Examples of actions
- Building new toilet building and installation of
showers to improve personal hygiene - Improvement of facilities for storage of scrap
materials and other wastes - Energy efficiency measures and minimization of
CO2 emissions - Training of employees in using Personal
Protection Equipment - Setting up health and safety committee
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Annual CSR Status reports
- The purpose of the Annual CSR Status Report is to
support and strengthen the management of CSR
issues in the project companies, to ensure
progress in relation to the agreed action plan
and monitoring of relevant issues - The Annual CSR Status Report shall be sent to the
Board, who is responsible for follow-up actions - Content
- CSR activities, events and results during the
year - CSR Action plan
- Compliance with Laws and Regulations
- CSR competences and management
- CSR related communication and training
- External communication to interested parties
- Monitoring of key CSR issues
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CSR GOOD BUSINESS! A LONG-TERM INVESTMENT
- Keep existing/getting new customers
- Low hanging fruit
- Attractive to investors
- Employees stay longer!
- Good reputation
- Minimise risk (suppliers)
- Saving time when done systematically
WORKING WITH CSR IS A JOURNEY NOT A DESTINATION