PARLIAMENTARY WRITTEN QUESTION
Development Aid: Fossil Fuels (25 March 2021)

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what restrictions on investment in fossil fuels apply to CDC Group's recently announced $100 million investment in the Helios Investors IV fund.

Asked by:
Anna McMorrin (Labour)

Every investment CDC makes is assessed for its positive development impact using an internationally recognised methodology. In addition to this, through its Code of Responsible Investing, CDC applies rigorous environmental, social and governance (ESG) standards to each investment.

As part of its commitment to Helios Investors IV, CDC has in place legal agreements to ensure that the fund cannot invest in a range of fossil fuel activities, including coal-fired power plants, coal mining, processing and trading, upstream oil and gas exploration and production, midstream oil, oil refineries and HFO only-fired power plants and mini-grids.

Answered by:
Sir James Duddridge (Conservative)
13 April 2021