ADFIAP’s “Corporate Citizenship Manual for Development Finance Institutions”, a toolkit to facilitate the design and implementation of a corporate citizenship program in a DFI is featured in a blog by Molly Brister of the Washington, D.C.-based Center for International Private Enterprise (CIPE). The article can be found at this link: http://www.cipe.org/blog/2012/09/10/development-finance-institutions-tackle-corporate-citizenship/
The manual recommends a framework for the integration and institutionalization of corporate citizenship that is premised on good governance and corporate social responsibility. As financial intermediaries, DFIs, through this toolkit, can develop good corporate citizenship guidelines and embed them in their operations and lending decisions.
The publication is one of the tangible results of the CIPE grant-funded project called, “Responsible Corporate Citizenship for Development Financing Institutions” that aims to promote, develop and institutionalize best principles and practices on how DFIs should actualize their mandate of providing financial and technical assistance for sustainable development. Responsible corporate citizenship in a development finance institution (DFI), or alternately called development bank, is defined as “the governance of its positive impact on the economy, society and the environment through its operations, products or services, and through its interaction with key stakeholders such as its funders, employees and clients.” This actuation forms the crucial basis for DFIs to be responsible corporate citizens without which DFIs have little else to offer to society over the longer term.