Governance
Rigorous selection process
The Board of the Candriam Institute oversees a rigorous selection and validation process of organizations and initiatives to be supported . A Due Diligence process seeks to ascertain the quality of supported initiatives, taking into account following criteria:
- Creation of positive social impact through educational, research, social and environmental projects
- Local or global initiatives, primarily in Candriam’s operating countries
- Alignment with the Institute’s objective and values
- Pragmatic and relevant allocation of resources (in financial and organisational terms)
- Reliability and quality of the organisation, including in terms of governance
Candriam’s Compliance department supervises the analysis of the organizations/initiatives from AML-TF, Corruption, Conflict of Interest and reputational risks point of view. Compliance formalizes its opinion for the Institute Board.
For grass-roots, social projects (global commitment across projects around € 200 K per annum), the Institute Board has delegated the selection and follow-up process to Candriam’s staff-sponsored “ Helping-Those-Who-Help (“HTWH” ) Selection Committee”
