To ask the Secretary of State for International Development, if she will publish the (a) Environmental and Social Due Diligence and (b) assessment against the Commonwealth Development Corporation Code of Responsible Investing for the investments in companies (a) Shan Orchard, (b) Frontiir Co. Ltd, (c) Solar Home Pte Ltd, (d) MC Easy Microfinance Co. Ltd, (e) Alliance for Microfinance in Myanmar Ltd, (f) Advans Myanmar and (g) Irrawaddy Green Tower Project in Myanmar.
2 June 2020
CDC’s rigorous due diligence process involves assessing a wide range of Environmental and Social, as well as Business Integrity risks and involves the production of multiple separate documents and reports. Ordinarily, CDC does not publish the suite of documents related to the due diligence it undertakes in the course of making investments because these documents contain commercially confidential or sensitive information about the business being reviewed.
On that basis, DFID does not intend to publish the documents related to the due diligence of investments listed above.
CDC does publish an overview of expected development impact, including key elements related to Environmental and Social issues, for new investments into companies and funds. The next update of CDC’s database will be available from July when CDC publishes its Annual Review.