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COFIDES, as a member of the “United Nations Global Compact”, a principle-based framework which brings companies together with United Nations agencies, labour groups and civil society to collaborate and align activities with ten universally accepted principles, is committed to the advancement of its fundamental and guiding principles in the areas of human rights, labour standards, the environment and anti-corruption.
These commitments are set out in the COFIDES Code of Ethics, which underpins all activities undertaken by COFIDES.
To read the COFIDES Progress Reports Click here
Corporate Governance Approach Statement
In October 2007, COFIDES, together with 30 other multilateral and bilateral Development Financial Institutions, signed an Approach Statement on Corporate Governance in Washington in which COFIDES undertook an additional commitment to further its compliancy position, and to advance the cause of good corporate governance related to the investments its co-finances.
>>Read the statement
Principles for Responsible Financing
With the Principles for Responsible Financing, signed in May 2009, COFIDES, as a member of the Association of European Development Finance Institutions (EDFI), emphasized that a cornerstone of its investment activities is to have a positive impact on the local communities where they invest. The respect for human rights and environmental sustainability is a prerequisite for any financing by EDFI institutions.
Contributing to Creating More and Better Jobs
A group of international and Development Finance Institutions met today at the IFC Jobs Conference.
Jobs are central to the global development agenda. At today’s conference, we deepened our understanding of the magnitude and urgency of creating more and better jobs in the countries we support both now, and in the near future.