Company name
Prolade SAPI de CV
Project number
12854-02
Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.
E&S category
A
Country
Mexico
Sector
Agribusiness
Status
Proposed
Disclosed date
06/13/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/04/2024
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
USD $ 10,000,000
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
IDB Invest is considering a financing up to US$15 million over 10 years to Prolade SAPI de CV (the “Company”, “Prolade”). Prolade is a company established in 2013 in the municipalities of Huimanguillo and Teapa, in the Tabasco region, dedicated to the sustainable production of palm oil. The Company has a vertically integrated operation and to date has 3,130 harvested hectares and an oil extraction plant. IDB Invest financing will be used for: (i) acquisition of land, (ii) purchase of biological assets, (iii) installation of an irrigation system and (iv) expansion of the oil extraction plant.
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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.
PROLADE - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
286.7 Kb
PROLADE - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
286.7 Kb
Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
PROLADE EVALUACIÓN DE IMPACTOS AMBIENTALES Y SOCIALES (EIAS)
6.3 Mb
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
mlucas@prolade.com
PHONE NUMBER
+52 993 278 5268
POST OFFICE ADDRESS
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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Early disclosure
PROLADE - ENVIRONMENTAL AND SOCIAL ESTRATEGY (ESE)
194.6 Kb