1. DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ Bremerholm 4 DK-1069 Copenhagen K Phone: +45 33 63 75 00 Fax: +45 33 32 25 24 E-mail: ifu@ifu.dkifu@ifu.dk Website: www.ifu.dk DANISH CHURCH AID CONFERENCE 23 FEBRUARY 2006 CSR, POVERTY AND HUNGER Sven Riskær, IFU

2. DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ 23 February 2006 Sven Riskær 2 Mission Statement To enhance global economic growth, development and more equitable income distribution through increased global flow of socially and environmentally responsible, productive investments making optimal use of comparative advantages.

3. DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ 23 February 2006 Sven Riskær 3 Funds’ CSR Policy - Overview Corporate Social Responsibility (CSR) Policy CSR Operational Guidelines and Procedures 1: HIV/AIDS Guidelines Specific Guidelines:: 3: Big Scale Pig Production Guidelines 2: Animal Welfare Guidelines

4. DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ 23 February 2006 Sven Riskær 4 Funds’ CSR Policy (statement) 1.For Funds and for projects in cooperation with partners. 2.Values and procedures also after Funds’ exit. 3.Comply with host country’s regulations, but benchmark critical areas against Danish or international standards. 4.Values from basic set of international conventions – 10 Global Compact Principles. 5.Transparency, accountability and information – funds and projects.

5. DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ 23 February 2006 Sven Riskær 5 CSR Guidelines & Procedures/Prestart 1. Active cooperation with responsible partners. 2.Benchmarking local regulations against Danish or international standards – identifying critical risks and impacts – HRCA/Quick-check. 3.Use experienced DK partners CSR policies – to focus on less experienced partners.

6. DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ 23 February 2006 Sven Riskær 6 CSR Guidelines & Procedures/Operation 1.Best Judgement Declaration from DK partners – joint CSR action plan for improvements – and annual CSR status reports (at post-investment stage). 2.Project companies establish own CSR policy to secure follow-up also after Funds’ exit. 3.Specific: HIV/AIDS, animal welfare, big scale pig farms.

7. DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ 23 February 2006 Sven Riskær 7 Inequality – DK and world

8. DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ 23 February 2006 Sven Riskær 8 Poverty – Ups and Downs (less than $1 a day)

9. DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ 23 February 2006 Sven Riskær 9 CSR and Philanthropy – job sharing NGO to enhance sub-suppliers NGO to provide community services in collaboration with companies Insist on 0.7% target for ODA (J. Sachs)

10. DANISH INTERNATIONAL INVESTMENT FUNDS IFU AND IØ 23 February 2006 Sven Riskær 10 Lessons Learned Investment is better than Invasion