Ethical framework
The Bank’s investment, according to the Implementation Plan, should be on an ethical basis; to which end it should develop a code of ethics that goes beyond regulatory requirements and adopts a best practice approach.Implementation plan
SCDI wanted further clarity on whether ethical framework would prevent the Bank investing in certain sectors – as the Scottish Government’s consultation had suggested – and, if so, which sectors.SCDI written submission
Social Enterprise Scotland thought those receiving investment should be obliged to adopt a social enterprise business model or sign up to the Scottish Business Pledge or Scotland Can B.Social Enterprise Scotland written submission
Scottish Environment LINK pointed to the Green Purposes of the original state-owned Green Investment Bank and suggested a “minimum standards assessment” be included in the Articles of Association.