PNGSDP has established three subsidiary companies to more effectively deliver specific programs for the betterment of PNG.

The relationship between PNGSDP and all three of the companies it has established is on two levels; both on the basis of an owner/investor or shareholder relationship, as well as a client/project partner or development agency relationship.

As an owner/investor PNGSDP nominates one director to each subsidiary Board. As set out in the constitution of each company, these directors can be sourced internally from the PNGSDP Management team or externally.

The PNGSDP-nominee directors report to the CEO of PNGSDP on all matters discussed at Board level. The CEO of PNGSDP is responsible for reporting to the Board of PNGSDP on the activities of all three companies at each Board meeting.

As previously noted, all three companies are implementing Sustainable Development Projects on behalf of PNGSDP under management services arrangements. The client/project partner relationship with subsidiary companies is managed in the same way as all other relationships with project partners.

Project proposals are appraised with the same criteria for economic, environmental, social and institutional sustainability as any other project. Each project must be presented individually to the PNGSDP Board by PNGSDP management for endorsement.

Subsidiaries and Joint Ventures

• PNG Sustainable Energy Limited
• PNG Microfinance
• Cloudy Bay Sustainable Forestry Limited