Executive, Environmental and Social Responsibility
- CDC is the oldest Development Finance Institution, created in 1948 wholly owned by the UK Government. We have a commitment to support the building of businesses in some of the world’s poorest places. In the words of our second chairman Lord Reith ‘Doing good, without losing money’.
- We invest only in Africa and South Asia, and focus on sectors, such as manufacturing, agribusiness, infrastructure, financial institutions, construction, health and education. You can read more about the development impact we have in our Annual Review.
- CDC is growing its portfolio and organisation as our shareholder injects up to £3.5bn of capital over the next 2-3 years. We are also broadening our approach to development impact, growing our presence in regional markets, and upscaling our ability mobilise other investors.
- We have great people and we seek a culture of inclusivity & diversity as the foundation of strength to support the execution of our mission.
Team & Role Overview
- Following a period of strategic growth, CDC is looking to recruit a further Environmental and Social (E&S) Associate as a consequence of internal promotions. The Associate’s primary role will be to support the E&S team to ensure that the requirements of CDCs Code of Responsible Investing are met across CDCs three business lines (debt, equity and fund of funds). The successful candidate will join a high performing and dedicated team of 18 individuals drawn from ES consulting, NGOs and ESG information service providers.
Following a period of strategic growth, CDC is looking to recruit a further Environmental and Social (E&S) Executive as a consequence of internal promotions. The Executive’s primary role will be to support the E&S team to ensure that the requirements of CDCs Code of Responsible Investing are met across CDCs three business lines (debt, equity and fund of funds). Sector experience in one or more of the key sectors that CDC invests in (including specifically agribusiness, financial institutions and/ or infrastructure) would be particularly welcome, and fluency in French would also be an asset. An ability to travel for upto 50 days a year often at short notice is essential.
The Executive will work with other E&S team members, investment teams and other CDC staff in the delivery of CDCs mandate with a specific focus on CDCs Code of Responsible Investing, and current Strategy (which as a focus on climate change, job quality and gender). The role will involve due diligence, portfolio monitoring, technical advice and value add to investees/ project sponsors, as well as participation in broader team related activities.
The ESR team works closely with investment teams at all stages of deal origination, assessment and management and are actively involved in the Investment Committee processes and decisions, as well as monitoring and support to investees/ clients throughout the investment period.
- Participating in due diligence reviews of the E&S performance of prospective investees to: identify E&S risks and gaps in relation to CDC’s requirements and Code of Responsible Investing; identify opportunities where E&S interventions add value. This includes review of technical reports relating to E&S matters.
- Commissioning, managing and reviewing E&S Due Diligence undertaken on behalf of CDC.
- Preparing Action Plans for potential investees to mitigate E&S risks and add value.
- Regularly monitoring the action plans and providing periodic evaluations of the E&S management and systems of CDC investees.
- Meeting with companies, institutions and fund managers as well as visiting portfolio companies as part of CDC’s due diligence and on-going portfolio monitoring.
- Providing E&S training for CDC’s internal investment teams and for CDC’s investees.
- Contributing to periodic reports on E&S matters for internal and external parties, including CDC’s Board and DFID.
- Providing internal quality control, consistency reviews and implementation support to the investment team.
- Mentoring and supporting the professional development of other staff.
- Participating in the compilation of briefing materials, case studies and other documents to illustrate how responsible business practices and improvements on E&S matters contribute to business success.
The Candidate: Background, skills, aptitude
- Advanced degree (MSc or equivalent) in a relevant discipline: environmental science/ ecology; social sciences, economics, development studies or finance, or a similar area
- At least four years’ work experience in a related field (ESG, sustainability, SRI), preferably within development finance, E&S consulting, banking or the investment industry.
- Experience in CDCs investment geographies
- Familiarity with the application of IFC Performance Standards to investments
- Experience analysing the E&S management systems of private equity funds or financial institutions
- Technical skills and experience in relation to one or more of the following are particularly welcome: labour and working conditions, waste and waste management, climate, water and gender.
Personal Skills and Experience
- Strong communication and presentation skills.
- Effective negotiation skills, including the ability to be persuasive as well as to listen and pragmatically identify when compromise is required.
- Highly motivated and results driven.
- Strong analytical and problem solving skills.
- Excellent logic reasoning and structure in thought and communications.
- Demonstrated ability to independently manage and prioritise a busy and diverse workload with a range of deliverables for a variety of stakeholders.
- Ability to support and mentor colleagues, as well as to take on board advice.
- Good judgement and attention to detail.
Please include a one-page cover letter with your application
Role Posted on: 23/10/2018
Role Closes on: 21/11/2018