COFIDES considers sustainable development to be a fundamental aspect in achieving proper corporate governance. To this end COFIDES typically promotes the internationalisation of a Spanish company through the financial investment they make, ensuring compatibility with economic growth and investment viability, with the end goal of protecting both the natural and social environment.

In order to achieve this goal, COFIDES makes use of an environmental and social evaluation process, as an integral part of its due diligence procedures.

You can access the document 'International Financing, Development and Non Financial Risks - Handbook for companies financed by COFIDES' (see the Spanish versionfor a detailed understanding of the objective pursued in the social and environmental assessment.

This handbook has been designed specifically for companies that receive COFIDES funding. Its objective is to inform about the scope of the Company's socio-environmental policy and the reasons behind its content and application.

Portada manual para empresas

ENVIRONMENTAL AND SOCIAL ASSESSMENT AND MONITORING PROCEDURE

1

Preliminary socio-environmental categorization

Check: project activity in the Exclusion list

Yes

Project dismissal

No

Preliminary Socio-Environmental Rating Assignment

2

Environmental and social risk assessment

Assignment of an environmental rating and a social rating, both depending on risk / impact.

Depending on risk / impact

Establishment of risk mitigation measures through contractual clauses and collaboration with the client:

  • Compliance with local legislation
  • Compliance with international standards
3

Environmental and social risk monitoring

Portfolio projects monitoring:

  • Verify compliance with established contractual requirements
  • Assess the proper progression of the project throughout the investment period