Project: Better Cotton Initiative Due Diligences in Mozambique
Client: Better Cotton Initiative (BCI)
Date: January 2023 – September 2023
The Problem
Better Cotton Initiative (BCI) required a thorough Due Diligence process for four Implementing Partners (IPs) in Mozambique to assess risks and ensure compliance with its guidelines. The process needed to evaluate key areas such as ethics, HR, environment, operations, compliance, financial stability, and governance.
The Solution
Agova conducted the Due Diligence process using a structured approach:
- Developed a clear roadmap, defined objectives, and assigned stakeholder roles.
- Guided IPs through a detailed questionnaire covering all focus areas during bi-weekly sessions.
- Reviewed responses, provided feedback, and conducted a financial health check using Better Cotton’s assessment tools.
- Assigned risk scores based on the findings and compiled a comprehensive Due Diligence report with actionable recommendations.
Results
The Due Diligence process was completed on time and in alignment with Better Cotton’s guidelines. The final report provided valuable insights into each IP’s operational landscape, along with tailored risk management and improvement strategies.
