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CDC Group plc

PRI reporting framework 2020

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You are in Direct - Inclusive Finance » PIIF Principle 3: Fair treatment

PIIF Principle 3: Fair treatment

IFD 14. Investment in local currency

Possible action:

Provide financing in an appropriate currency and tenor.

14.1. In relation to your direct portfolio in debt, indicate if you provide investment in local currency.

14.3. Additional information. [Optional]


IFD 15. Average maturity of debt investments

Possible action:

Provide financing in an appropriate currency and tenor. 

Actively support the building of a diversified funding base.

15.1. In relation to your direct portfolio in debt, indicate what percentage have a maturity (from the point of investment) of the specified duration:

15.2. Indicate if you have a set limit regarding the maximum fixed income investment exposure of the investees in which you invest. [Optional]

15.3. Additional information. [Optional]

Obligor limits set by CDC's risk limits generally


IFD 16. Average holding period of equity investments

Possible action:

Provide financing in an appropriate currency and tenor.

Actively support the building of a diversified funding base.

16.1. In relation to your direct portfolio in equity (as reported in IFD 04), indicate the average holding period of an equity investment.

16.2. Indicate if you have specific policies or procedures in relation to responsible approaches to exit.

16.3. Indicate if you publish policies or procedures in relation to responsible approaches to exit. Provide a URL. [Optional]

16.4. Indicate if you have specific policies or procedures on Return on Equity (ROE) targets or caps in relation to your equity investments.

16.5. Indicate if you publish policies or procedures on Return on Equity (ROE) targets or caps in relation to your equity investments. Provide a URL. [Optional]

16.6. Indicate your Return on Equity (ROE) targets, specifying different targets for different funds if applicable. [Optional]

ROE targets can be found in Part C of CDC's Investment Policy: https://assets.cdcgroup.com/wp-content/uploads/2017/06/25150847/Investment-Policy-2017-2021.pdf

16.7. Indicate if you have a set limit regarding the maximum equity investment exposure of the investees in which you invest.

16.8. Additional information. [Optional]

CDC's ExCo and Board have implemented a set of limits to help us monitor and manage concentration risks in order to safeguard our portfolio, including our ability to meet our investment return target. Limits and triggers are reviewed by the Risk Committee at least annually.


IFD 17. Terms and conditions

Possible action:

Negotiate terms and conditions that are transparent, fair and reasonable, including fair break-up clauses.

17.1. Indicate if you adopt the following practices:

Describe your process.

          This is ensured through application of CPPs.
        

Indicate if these practices are formalised in written policies and procedures.

Describe your process.

          This is ensured through application of CPPs and reviews/assessments at the company level on customer risk and customer protection, providing technical guidance.
        

Indicate if these practices are formalised in written policies and procedures.

Indicate if these practices are formalised in written policies and procedures.

Indicate if these practices are formalised in written policies and procedures.

Indicate if these practices are formalised in written policies and procedures.

17.2. Additional information. [Optional]

We answered this section assuming it relates to underlying borrowers of our investees, in which case we do assess whether our investees implement these practices as part of our diligence, formerly through the SMART Campaign CPPs and now through the CDC Customer Protection tool. If this section was meant to apply to our direct investees, then we are a transparent investor who ensures through our legal processes and our own application of CPPs that our investees understand the terms, conditions, and resolution options available as a part of the investment process.


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