Sustainable investments – a handbook for our project companies
This handbook explains how IFU’s sustainability requirements for direct investments in projects companies should be interpreted and can be implemented to ensure that sustainability is an integrated part of the strategic and daily operation of a company.
Guidance is provided on how to identify ESG risks and impacts of project activities, and how to prevent, minimise and remedy adverse impacts through a proactive approach. The handbook also provides inspiration on how to identify business opportunities and wider shared benefits for local communities.
The handbook can be downloaded here.
ESG Self-assessment Tool
The tool is a questionnaire that helps to determine to what extent a company meets the most fundamental rights and requirements regarding significant sustainability issues. It can be used to identify issues requiring further attention and to prioritise the sustainability effort.
The tool has been developed by the Danish Institute for Human Rights in cooperation with IFU, the Confederation of Danish Industry (DI) and the Danish Ministry of Economic and Business Affairs, and its official name is the Global Compact Self Assessment Tool. It can be downloaded here.
Guideline on preparing a sustainability policy
IFU requires project companies to adopt a written sustainability policy, which determines the level of ambition for the sustainability effort and is communicated internally and externally to relevant stakeholders. This guideline outlines what the policy should include and how to implement and communicate the policy.
The guideline can be downloaded here.
Guidelines on responsible supply chain management
IFU requires project companies to promote sustainability issues in interaction with its suppliers and business partners and require them to demonstrate due diligence in relation to potential and actual adverse impacts.
The guideline provides recommendations for how project companies can work towards ensuring acceptable conditions in their supply chain. It describes how the company can prepare a code of conduct, identify and prioritise critical suppliers, as well as what the company can do, if it identifies critical issues in its supply chain.
Guidelines can be downloaded here.
Template for the annual sustainability status report
IFU requires project companies to prepare an annual report that provides a status on sustainability issues and development impacts, including the implementation of the action plan and actions taken to address adverse impacts.
The annual report must be submitted to IFU together with the annual financial report and IFU provides access to a digitalised template for which the company must use to prepare the report.
A number of tools and standards developed by industrial organisations, consultancy firms and NGOs are also available. IFU can assist the project company in getting an overview and choosing the tools that correspond to the situation and the level of ambition of the project company.
+ Read more- Read less