Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, for what reason the CDC Group are not consulting with (a) civil society and (b) the public on its Code of Responsible Investing.

CDC drives up environmental, social and governance standards in the markets where it invests. It has a published Code of Responsible Investment which sets out these standards. With input from FCDO and other external technical experts, CDC is updating the code. As a Public Limited Company, CDC is not required to undertake formal public consultations on its policies.