PROJECT

Projects

Environmental & Social Review Summary

Project Number

29734

Company Name

Bioparques de Occidente, S.A. de C.V.

Date ESRS Disclosed

Oct 1, 2010

Country

Mexico

Region

Latin America and the Caribbean

Last Updated Date

Jun 3, 2021

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : May 3, 2011
Signed : Jun 15, 2011
Invested : Sep 2, 2011

Sector

Fruits and Vegetables

Industry

Agribusiness and Forestry

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

Bioparques de Occidente, S.A. de C.V. (Bioparques or the company), a greenhouse tomato producer is undertaking a $12.5 million investment program to add 30 hectares of hydroponic greenhouses and a packing facility to its existing greenhouses in the state of Jalisco, Mexico. The investment includes acquisition of greenhouses and irrigation equipment, infrastructure and working capital. This project is IFC’s second transaction with Bioparques and builds on a partnership begun in 2007, when IFC provided a $12 million loan to the company.

Overview of IFC's Scope of Review

IFC environmental and social specialist visited the company’s HQ in Culiacan and Guadalajara in Mexico, in order to conduct a site assessment and desk review of environmental, occupational health and safety (OH&S), social and community operational procedures and documents. Meetings were held with the CEO of Bioparques and with senior management representatives. The scope of the due diligence encompassed a visit to sites and surroundings.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Client Documentation

File Name Actions
ESAP Bioparques 29734 edited Ag. 24 2010.pdf