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CDC Group plc

PRI reporting framework 2020

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You are in Direct - Inclusive Finance » PIIF Principle 7: Standards

PIIF Principle 7: Standards

IFD 32. Collaborative initiatives your organisation has supported or participated in

Possible action: 

Participate in networks to share tools, information and resources. 

32.1. Select which of the following collaborative initiatives your organisation has supported or participated in, and the role you played.

The Principles for Investors in Inclusive Finance

The Smart Campaign

Social Performance Task Force

Financial Inclusion Equity Council (formerly CMEF)

European Microfinance Platform (eMFP)

Global Impact Investors Network (GIIN)

Other network, association memberships and/or specific collaboration related to the promotion of inclusive finance, specify

If yes then please specify

          GOGLA, CGAP, MicroFinanza, The MIX/Inclusive Fintech, SAM, Catalyst Fund, SME Finance Forum
        

32.2. If you have indicated that your organisation was involved in any of the above, please provide a brief commentary. [Optional]

SPTF - CDC staff engaged on a webinar series on client protection in digital financial services. We are also contributors to the SPTF Social Investor Working Group guidelines

GIIN - CDC is strongly engaged with GIIN through membership on their investor council and various working groups, annual reporting, regular participation in their panels, and through IRIS. 

GOGLA - CDC was pleased to endorse the Global Off-Grid Lighting Association’s (GOGLA’s) Consumer Protection Code in October 2018. In consultation with industry stakeholders, GOGLA developed a set of principles, indicators and a self-assessment tool. The Code includes responsible sales and pricing, good consumer service, good product quality and data privacy. CDC Plus (our technical assistance facility) helped fund the initiative, which will support the development of the fast-evolving industry.

 

32.3. Additional information. [Optional]


IFD 33. Encouraging investees to participate in collaborative initiatives

Possible action: 

Participate in networks to share tools, information and resources.

33.1. Indicate if you encourage your investees to be a member of/endorse the following:

Social Performance Task Force

The Smart Campaign

Describe how you have supported them in implementation (direct or via a third party) during the reporting year.

          Yes, we ask MFIs to endorse the Smart Campaign
        

Indicate what percentage of investees, as a percentage of your direct inclusive finance portfolio, is a member of/has endorsed this.

Other network and association memberships and/or specific collaboration related to the promotion of inclusive finance. (specify)

          Industry associations
        

Describe how you have supported them in implementation (direct or via a third party) during the reporting year.

          We encourage investees to align with national client protection standards usually set by industry associations.
        

Indicate what percentage of investees, as a percentage of your direct inclusive finance portfolio, is a member of/has endorsed this.

33.2. Additional information.


IFD 34. Encouraging your investees to participate in initiatives which contribute to the development of industry benchmarks

Possible action: 

Contribute to advancing benchmarking, as an incentive for improvement. 

34.1. Indicate if you encourage your investees to participate in initiatives which contribute to the development of industry benchmarks.

MIX Market

Describe which actions you have taken and confirm if you encourage reporting against the MIX Social Performance Indicators.

CDC is regularly in touch with the MIX market on several initiatives. We are on the Fintech50 Judging panel; we are on the MIX Fintech Data Hub Working Group; we have participated as panellists on webinar(s) they have hosted.

We encourage investees to use the data that MIX provides.

MFTransparency

Universal Standards for Social Performance Management

Describe what actions you have taken.

We participate in their panels as panellists, we support their investor working group, and CDC has funded a Fintech webinar series, and a piece of work on social performance for SMEs.

We have a seat on the SPTF investor working group.

We do not enforce investees to report.

Other, specify

          
        

34.2. Additional information.


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