The best management practices are essential to make COFIDES own business sustainable in the long term. The sustainability of the resources and funds managed by COFIDES enables the company to maintain its investment capacity over time and continue to provide its services to a growing number of businesses.
As a result of responsible financing, foreign direct investment, the object of COFIDES financing, is a vehicle for carrying best management practices across national borders, necessarily generating a positive impact on host country development.
Responsible financing is based on compliance with a code of ethics and a series of guiding principles that in turn rest on values such as the respect for human rights, the social, environmental and economic sustainability of the projects financed, the commitment to long-term economic development for local communities, the awareness of the positive impact of investment on target country development, and the public dissemination of information on anti-bribery and anti-corruption agreements in international commercial transactions.
> Commitment to the United Nations Global Compact
COFIDES joined the Global Compact in 2005 and is a founding member of the Global Compact Network Spain created that same year. Since 2008, COFIDES has formed part of its Executive Committee and participates actively in some of the initiatives proposed by both the Global Compact and the Network.
