Associate, 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.
The Associate 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). Sector experience in one or more of the key sectors that CDC invests in would be particularly welcome and an appetite and ability to travel for upto 50 days a year often at short notice is essential. 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.
- Assisting the E&S Team with the due diligence (DD) of potential transactions including review of E&S Assessments and Audits, Environmental and Social Management Systems (ESMS) as well as other E&S /technical documents; commissioning specialist DD, drafting investment paper comments and assisting in negotiating E&S conditions.
- Working with Investment, Development Impact and E&S Team, and with others within CDC, to ensure that CDC’s E&S requirements and policies (CDC’s Code of Responsible Investing) are consistently applied.
- Supporting the development and management of the ESR team’s communications and outreach materials (case studies, ESR reviews, etc)
- Portfolio monitoring and providing evaluations of investment Annual Monitoring Reports. This will include logging annual monitoring reports, reviewing and assessing performance, monitoring of action plan items and follow up as necessary.
- Maintaining the E&S deal pipeline and assisting the team by tracking deals by stage of approval and completion.
- Assisting in the provision of E&S training and other support, both for CDC’s internal investment teams and for CDC’s investees.
- Assisting with the preparation of periodic reports on E&S matters for internal and external parties, including CDC’s Board and shareholder.
- Participating in the compilation of case studies to illustrate how responsible business practices and improvements on E&S matters contribute to business success.
- Supporting CDCs E&S value additionality programs (including the development and management of technical assistance, management of consultants and other duties as necessary).
- Supporting ad hoc projects such as case studies and “lessons learnt” analysis, analysis of trends in assessing development impact particularly with relation to environmental and social matters.
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 two 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 (ideally), and Knowledge of E&S issues as they apply to businesses operating in emerging markets / developing countries
- 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 skills and a proven ability to influence as well as an ability to be to listen and pragmatically identify when compromise is required.
- Highly motivated and results driven.
- Good analytical and reasoning skills.
- Excellent logic reasoning and structure in thought and communications.
- Demonstrated ability to independently manage and prioritise a high and diverse workload with deliverables toward many stakeholders.
- Enjoy working as part of a team, collaborating and coordinating where appropriate.
- Good judgement and attention to detail
- Candidates should be strongly motivated by CDC’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity
Please include a one-page cover letter with your application
Role Posted on: 23/10/2018
Role Closes on: 21/11/2018