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Company name

Arteche Lantegi Elkartea, S.A.

Project number

14101-01

Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.

E&S category
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C

Country

Regional

Sector

Energy

Status

In implementation

Disclosed date

08/09/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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11/22/2022

Approval date

11/28/2022

Signed date

12/22/2022

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 20,000,000

Currency

MXN

Project scope and objective

The Project consists of an unguaranteed and uncommitted revolving discount line granted to Grupo Arteche (Arteche Lantegi Elkartea S.A.) to promote financial support and ease of payment for the suppliers that make up its supply chain in Mexico, Brazil and Argentina. IDB Invest will purchase the irrevocable and unconditional payment obligations/accounts payable with a future date denominated in USD$, MXN and/or other currencies for the execution of payments duly approved by IDB Invest.

In addition, IDB Invest will support Grupo Arteche in sustainability practices in three main areas: (1) training of employees on issues of gender equality and diversity; (2) reduction in the use of wood/cardboard in packaging processes and (3) the overall life cycle of the project.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

ARTECHE ENERGY & TRANSMISSION SUPPLY CHAIN FINANCE

206.3 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .