Company name

Fundacion Butantan

Project number

13680-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
tooltip

B

Country

Brazil

Sector

N/A

Status

Approved

Disclosed date

09/30/2022

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

Projected board date
tooltip

12/06/2022

Approval date

12/06/2022

Signed date

N/A

Sponsoring entity

N/A

Team leader

Parodi, Juan

Investment type

Syndicated amount

USD $ 100,000,000

Financing amount

USD $ 100,000,000

Currency

BRL

Project scope and objective

The purpose of the operation with Fundação Butantan (“Client” or “Butantan”) is to finance the construction of two new pharmaceutical manufacturing and processing units: i) the Egg-based Vaccine Research Center (“CPVO II”), which consists of an Influenza vaccine manufacturing plant; and ii) the Final Processing Center for Immunobiologicals (“CPFI”), which consists of a plant for formulating, filling, lyophilizing, crimping, labeling, and packaging pharmaceutical products (“Project”).

 

The operation will be structured in the form of a loan, with a final term of 10 years, including a 3-year grace period. The project will be developed in the City of São Paulo, Brazil, at the same location where Fundação Butantan currently operates.

Addendum: On November 7, a revised version is uploaded for the Environmental and Social Impact Study.

For inquiries, comments and information requests about the project

Request information

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

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.

BUTANTAN ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

860.2 Kb

BUTANTAN ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

348.2 Kb

Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

FUNDACAO BUTANTAN EIAS SIMPLIFICADO REV1

27.0 Mb

PROJECTO BUTANTAN - ESTUDO DE IMPACTO AMBIENTAL E SOCIAL (EIAS) SIMPLIFICADO

7.3 Mb

For inquiries, comments and information requests about the project

Request information

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

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Cristiano Gonçalves

POSITION

Innovation and Technology Manager

PHONE NUMBER

+55-11-2627-9300

EMAIL

cristiano.goncalves@butantan.gov.br

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

For inquiries, comments and information requests about the project

Request information

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