Resources

Governance | Stewardship | Sustainability

Governance and Sustainability Resource Hub for DFIs and Fund Managers

This short guide serves as a valuable resource hub to assist you in incorporating, evaluating, and effectively addressing governance, stewardship and sustainability considerations in your operations and investment decision-making processes. It presents essential resources from the outset, including some that are specifically curated to meet the unique needs of Development Finance Institutions (DFIs) and fund managers.

Below is a summary of how the guide categorizes and organizes the relevant resources for easy reference and practical utilization, divided into four sets, accompanied by a concise explanation of its intended purpose.

DFI specific

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Corporate Governance Development Framework Toolkit on Corporate Governance

Purpose:

Provides signatory institutions a unified approach for evaluating and improving governance practices within their investee companies.

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Guidebook for Development Finance Institutions on Nominating Members to the Boards of Investee Companies

Purpose:

Provides guidance on how to fill non-executive member positions in corporate boards of investee companies as well as addresses executive positions and fund-like investment body participation.

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EDFI Principles for Responsible Financing of Sustainable Development

Purpose:

Outlines a series of commitments endorsed by EDFI member institutions, guiding their responsible financing approach to sustainable investments.

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IFC Family Business Governance Handbook

Purpose:

Facilitates the identification and resolution of basic governance issues in family businesses.

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IFC SME Governance Guidebook

Purpose:

Assists in the development of a tailored governance framework, incorporating structures, policies and practices to mitigate risks for investor SME clients.

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CGDF SME Governance Toolkit

Purpose:

Facilitates the identification of key risks and deficiencies in SME governance, aiming to enhance engagement with investee companies on these matters.

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DFI Market Benchmarking Guidelines

Purpose:

Advocates for awareness of limitations and the advancement of good practices in the private sector development operations of DFIs.

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Greenfield and Project Finance CG Tool

Purpose:

Addresses governance risks during construction and pre-operational phases of greenfield or project finance transactions.

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MDB IDFC Common Principles for Climate Mitigation Finance Tracking

Purpose:

Presents climate change mitigating financing tracking principles for development finance.

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Advancing Gender Smart Investing

Purpose:

Presents a set of commitments endorsed by EDFI member institutions, guiding their approach to gender investing.

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CGDF Signatories Internal Documentation

Purpose:

This webpage features a list of CGDF signatories along with some of their internal corporate governance toolkits and guidelines.

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Methodology to determine the Paris Agreement alignment of EBRD investments

Purpose:

Presents the high-level methodology that the EBRD will use to determine whether or not an investment or technical cooperation activity project the Bank might finance is “aligned” or “not aligned” with the mitigation and adaptation goals of the Paris Agreement.

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IFC Climate Governance: Progression Matrix & Tip Sheet

Purpose:

Assist Boards of Directors in identifying and overseeing climate-related risks and opportunities.

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IFC Mid-Size Growth Company Sustainability Toolkit

Purpose:

Helps mid-size growth companies in understanding, preparing for, and addressing sustainability issues stemming from rapid growth.

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Internal Control Handbook

Purpose:

Presents the fundamental principles of internal control and provides a set of tools to help establish corporate control procedures.

Corporate Governance and Stewardship

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G20/OECD Principles of Corporate Governance

Purpose:

The international standard for corporate governance, initially issued in 1999 and most recently revised in 2023.

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ICGN Global Governance Principles

Purpose:

First published in 2001 and last updated in 2017, these Principles serve as ICGN’s primary standard for well-governed companies.

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Corporate Governance Principles for Banks - Executive Summary - Full Text

Purpose:

Offer a framework for banks and supervisors to achieve robust and transparent risk management and decision-making, maintaining public confidence and upholding the safety and soundness of the banking system.

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Guidelines for a Latin American Code of Corporate Governance (GLACCG)

Purpose:

Offer updated guidelines that continue to provide the regional business community with the same pragmatic focus in previous versions, but with an updated elements to address the needs of companies in terms of corporate governance and to enable them to diagnose and strengthen their related practices.

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The Wates Corporate Governance Principles for Large Private Companies

Purpose:

Provide a framework for large private companies to elevate their corporate governance standards.

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Corporate Governance of State-Owned Enterprises

Purpose:

Offers concrete advice to countries on effectively managing the responsibilities of state-owned enterprises.

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Guidelines for Good Corporate Governance of State-Owned Enterprises

Purpose:

Offer updated guidelines for CAF’s 2010 recommendations for good corporate governance within state-owned enterprises.

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AGM Guidance

Purpose:

Provides recommendations for good practice for listed companies to enhance effective shareholder participation in planning and conducting annual general meetings and other general meetings.

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Corporate Governance Focused Thematic Voting Policy Overview

Purpose:

Incorporates analysis and identification of both financial and corporate governance risk, considering key shareholder rights when making proxy voting decisions.

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Guidance on Board Effectiveness

Purpose:

Offers suggestions for good practice to support directors and their advisors in applying the UK Corporate Governance Code.

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ICGN Global Stewardship Principles

Purpose:

Establishes an international framework guiding investors in fulfilling their fiduciary obligations on behalf of clients and beneficiaries.

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ICGN Guidance on Investor Fiduciary Duties

Purpose:

Offers an investor perspective on how fiduciary duties and responsibilities manifest in the management of financial assets.

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A Sustainable Finance Policy Engagement Handbook

Purpose:

States the PRI principles and provides a comprehensive exploration of the foundations and details of policy engagement.

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Investment tools | PRI (unpri.org)

Purpose:

This webpage provides resources on responsible investment approaches.

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ILPA “Principles 3.0”: Fund Governance and Disclosures

Purpose:

Presents a roadmap for GPs and LPs to establish a common set of expectations when entering partnership, framing a more specific dialogue between the GP and the partnerships’ existing and prospective investors.

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Compendium Of Standards of Best Practices

Purpose:

Offers a toolkit of standards and best practices, aimed at aligning the interests of LPs and GPs.

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Proxy Voting Policies

Purpose:

This webpage contains country- and topic-specific voting guidelines along with benchmark policy recommendations.

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Proxy Season Previews and Reviews

Purpose:

This webpage contains country- specific proxy season reviews, including insights into important trends and statistics.

Sustainability Matters

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Sustainability issues (unpri.org)

Purpose:

This webpage contains resources covering overall and specific sustainability issues, offering insights into how investors can effectively address them.

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SASB Standards

Purpose:

Helps identify and standardize disclosure for the sustainability issues most relevant to investor decision-making in 77 industries.

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SASB Materiality Matrix

Purpose:

Demonstrates how 26 general sustainability issues take shape across 77 industries.

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IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information

Purpose:

Enables entities to disclose information about their sustainability-related risks and opportunities that is useful to users of general purpose financial reports in making decisions relating to providing resources to these entities.

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Applying Enterprise Risk Management to Environmental, Social and Governance-related Risks

Purpose:

Helps risk management and sustainability practitioners in applying enterprise risk management concepts and processes to ESG-related risks.

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Consolidated Set of the GRI Standards

Purpose:

Offers global best practices for reporting on economic, environmental and social impacts.

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Sustainability Reporting in Depth Report

Purpose:

Part of an ESG-focused literature that highlights topics at the forefront of the agenda for investors and public companies.

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Sustainability U.S. Proxy Voting Guidelines

Purpose:

Designed in alignment with the objectives of sustainability-minded investors and fiduciaries at both national (the U.S.) and international levels.

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Sustainability International Proxy Voting Guidelines

Purpose:

Designed in alignment with the objectives of sustainability-minded investors and fiduciaries at both national (the U.S.) and international levels.

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Taskforce on Nature-related Financial Disclosures (TNFD)

Purpose:

It is a set of disclosure recommendations and guidance that help businesses assess, report and act on their nature-related dependencies, impacts, risks and opportunities.

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Principles for the effective management and supervision of climate-related financial risks

Purpose:

Introduces an approach to addressing climate-related financial risks to the global banking system.

How to Set Up Effective Climate Governance on Corporate Boards: Guiding principles and questions

Purpose:

Presents a set of principles for corporate climate governance.

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NACD US Climate Governance Initiative

Purpose:

This webpage includes resources designed to support boards in their journey toward climate proficiency.

Climate Change in Depth Report

Purpose:

Focuses on the topic of climate change within a library on ESG-focused literature.

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Climate U.S. Voting Guidelines

Purpose:

Provide specialty proxy voting policy recommendations with a focus on climate-related issues.

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Climate International Voting Guidelines

Purpose:

Provide specialty proxy voting policy recommendations with a focus on climate-related issues.

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Task Force on Climate-Related Financial Disclosures (TCFD)

Purpose:

Provides a set of recommendations on climate-related financial disclosures that can be included in financial reports and filings.

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IFRS S2 Climate-related Disclosures

Purpose:

Enables entities to disclose information about their climate-related risks and opportunities that is useful to users of general purpose financial reports in making decisions relating to providing resources to these entities.

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Board Gender Diversity in Depth Report

Purpose:

Focuses on board diversity as part of a broader collection on ESG-focused literature.

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Pay Equity in Depth Report

Purpose:

Focuses on the topic of pay equity, within a library dedicated ESG-focused literature.

Market-specific

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Stewardship Codes

Purpose:

Lists the stewardship codes adopted worldwide.

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Corporate Governance Codes

Purpose:

Compiles a comprehensive list of corporate governance codes adopted worldwide.

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Corporate Governance in MENA: Building a Framework for Competitiveness and Growth | Corporate Governance | OECD iLibrary (oecd-ilibrary.org)

Purpose:

Assesses the corporate governance landscape in the MENA region.

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Corporate Governance in the Middle East and North Africa

Purpose:

This webpage includes key documents, surveys and publications, addressing the state of corporate governance in the Middle East and Nort Africa.

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Public Enforcement of Corporate Governance-Related Rules in Latin America

Purpose:

Describes the findings of an OECD survey submitted to the regulators responsible for the enforcement of corporate governance-related provisions in six Latin American countries.

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Corporate Governance in Latin America

Purpose:

This webpage includes key documents, surveys and publications, addressing the state of corporate governance in Latin America.

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Corporate Governance of Company Groups in Latin America

Purpose:

Provides an overview of frameworks and experiences in Latin America in dealing with challenges associated with corporate governance within company groups.

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Corporate Governance and Corporate Finance in Asia

Purpose:

This webpage includes key documents, surveys and publications, addressing the state of corporate governance and corporate finance in Asia.

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Sustainability Policies and Practices for Corporate Governance in Asia

Purpose:

Provides insight into current sustainability disclosure policies and practices, outlining the responsibilities of company boards and shareholder rights in Asia.

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Corporate Governance Factbook

Purpose:

Presents information on trends and evolutions in the institutional, legal and regulatory frameworks for corporate governance of listed companies across 49 jurisdictions worldwide.

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Report on Corporate Governance

Purpose:

Offers elements and insights that may establish a common foundation and, where applicable, indicate potential alternatives for capital markets regulators in growth emerging markets jurisdictions, with a focus on promoting corporate governance best practices.

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