UK development finance investor CDC Group has hired Ritu Kumar as a director focusing on environmental and social responsibility.
Kumar will work across the environmental and social remit with a specific focus on CDC’s direct equity investments, as well as the environmental and social performance and value-add of CDC’s investments through DFID’s Impact Fund. She will also lead CDC’s approach to climate change, working alongside Mark Eckstein in the management of the environmental and social responsibility team and its support to CDC’s portfolio of debt, equity and fund investments.
Most recently, Kumar was director and senior advisor for responsible investment at private equity firm, Actis. Previous roles include managing energy and environmental programmes at the United Nations Industrial Development Organisation.
CDC is the UK government-owned development finance institution that uses its own balance sheet to invest in the developing countries of Africa and South Asia. It has net assets of £2.8bn and provides debt and direct investment to businesses as well as acting as a fund of funds investor.
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