Source · Select Committees · International Development Committee
Recommendation 18
18
FCDO must audit BII’s investment portfolio against ESG and development impact standards.
Recommendation
The FCDO must hold BII accountable for its due diligence and ongoing monitoring of its direct and indirect investments. To that end, FCDO must audit BII’s investment portfolio over a rolling five-year period against a set of environmental, social and governance (ESG) and development impact standards to validate BII’s internal assessments. (Paragraph 95) Accountability and Transparency
Government Response
A response document is linked to this report, dated 7 December 2023. Response attribution to this conclusion has not been verified. Read the response document ↗