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Development finance investor CDC adds environmental, social responsibility head

14 Nov 2013

UK development finance investor CDC Group has named Mark Eckstein as director for environmental and social responsibility.

Eckstein will oversee a team that seeks to improve environmental and social standards across CDC’s portfolio of investments. CDC’s more than 1,200 investments span 80 countries and include fund investments, debt investments and direct equity investments.

Most recently Eckstein was managing director of World Wildlife Fund US’s Sustainable Finance Program. His 25-year career includes senior roles at the International Finance Corporation, Sustainable Finance Ltd and within the UK government’s Department for International Development.

Diana Noble, CDC’s CEO, said, “Understanding and managing environmental and social issues is a key part of our investment mandate. Of course, as a DFI we invest in companies that care about these issues. Beyond that, we work to support our fund managers and portfolio companies in creating value by improving environmental and social standards. Mark’s expertise and experience underlines our commitment to providing the best support to our teams and partners. We are delighted he has joined the team.”

Most recently CDC invested in Feronia, an agricultural production and processing business focused on palm oil plantations and arable farming in the Democratic Republic of Congo.

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