35404 - Goodlife Pharma

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Environmental & Social Review Summary

Project Number

35404

Company Name

GOODLIFE PHARMACY LIMITED

Date ESRS Disclosed

Nov 21, 2014

Country

Kenya

Region

Africa

Last Updated Date

Jun 23, 2022

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jan 29, 2015
Signed : Feb 17, 2015
Invested : Mar 5, 2015

Sector

Pharmaceuticals and Medicine

Industry

Health, Education and Life Sciences

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

The project involves a proposed $4.5 million loan by IFC to finance expansion activity and potential acquisitions by Goodlife, a company established by Africa Chemist & Beauty Care Inc. (“ACBC”) to be the leading branded pharmacy chain in East Africa. Goodlife presently consists of 5 recently acquired pharmacy stores operating under the brand name Mimosa in multiple locations in Kenya. Over the next 5 years, Goodlife aims to rebrand these stores and acquire and establish new stores to create the leading branded pharmacy chain in East Africa.

Overview of IFC's Scope of Review

The review of this project consisted of a visit by IFC staff to the project site, to meet with and interview management of Goodlife Pharmacy Limited (“Goodlife”) and to have a first-hand review of operational activities. IFC staff also appraised Goodlife’s drug disposal policies, human resources policies and procedures, and pharmaceutical policies and procedures.

IFC’s appraisal considered environmental and social (E&S) management plans for the project and gaps, if any, between these plans and IFC requirements. Where necessary, corrective measures intended to close these gaps within a reasonable period of time are summarized in the paragraphs that follow. Through implementation of these actions, the project is expected to be designed and operated in accordance with Performance Standards objectives.

E & S Project Categorization and Applicable Standard

While all Performance Standards are applicable to this investment, IFCs environmental and social due diligence indicates that the investment will have impacts which must be managed in a manner consistent with the following Performance Standards. If IFCs investment proceeds, IFC will periodically review the the project’s ongoing compliance with the Performance Standards

PS 1 – Assessment and Management of Environmental and Social Risks and Impacts
PS 2 - Labor and working conditions
PS 3 - Resource Efficiency and Pollution Prevention
PS 4 – Community Health, Safety and Security
If IFC’s investment proceeds, IFC will periodically review the the project’s ongoing compliance with the Performance Standards

The key environmental and social (E&S) issues in this project are in pharmaceutical safety, and fair, safe and healthy working conditions. As a result, there are no major adverse environmental or social impacts expected to result from the Project, and it is possible to avoid or mitigate any limited adverse impacts that might result. Therefore, it has been classified as a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects.

PS5, PS6, PS7 and PS8 are not considered applicable given the nature of the project’s operations.

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan

Title	Anticipated completion Date
Goodlife will draft E&S policies/procedures on sustainability, with specific procedures for (a) screening of any environmental, health, and/or safety risks and/or impacts in the development of any new facilities, including provisions for Goodlife to identify and avoid unsafe premises, and to lease premises with dual exits; (b) a statement affirming Goodlife’s employees’ freedom of association; and (c) emergency planning and emergency response, including training on basic firefighting, and other training on life and fire safety as needed.	12/31/2014

Title

Anticipated completion Date

Goodlife will draft E&S policies/procedures on sustainability, with specific procedures for (a) screening of any environmental, health, and/or safety risks and/or impacts in the development of any new facilities, including provisions for Goodlife to identify and avoid unsafe premises, and to lease premises with dual exits; (b) a statement affirming Goodlife’s employees’ freedom of association; and (c) emergency planning and emergency response, including training on basic firefighting, and other training on life and fire safety as needed.

12/31/2014

**Information on IFC's Policy and Performance Standards on Environmental and Social Sustainability can be found at www.ifc.org/sustainability

IFC supports its clients in addressing environmental and social issues arising from their business activities by requiring its real sector clients to set up and administer appropriate grievance mechanisms and/or procedures to address complaints from Affected Communities in relation to environmental and social issues arising from IFC's clients' business activities. Since 2012, IFC's Financial Intermediary clients applying the Performance Standards are required to develop External Communications Mechanisms to receive and review inquiries or complaints from any interested party regarding the E&S risks and impacts of their operations.

For IFC projects that are active or under consideration, individual(s), or their authorized representative(s), who allege they have been or will be adversely affected by E&S risks or impacts arising from IFC's clients' business activities, may submit a complaint to IFC directly for consideration. When receiving an E&S complaint, IFC engages with complainants and works with its clients to find solutions to E&S concerns as quickly and efficiently as possible.

Complaints can be submitted to IFC online at www.ifc.org/escomplaints or by email to EScomplaints@ifc.org.

IFC complaint response is separate from and complementary to IFC’s clients’ project level grievance mechanisms and IFC’s Independent Accountability Mechanism (CAO). Lodging a complaint directly with IFC does not, at any time, restrict access to CAO.

Affected communities have unrestricted access to the Compliance Advisor Ombudsman (CAO), the independent accountability mechanism for IFC and MIGA. CAO facilitates the resolution of complaints related to IFC and MIGA projects and sub-projects, undertakes reviews of IFC’s and MIGA’s environmental and social compliance, fosters public accountability for their commitments, and enhances the environmental and social performance of IFC and MIGA.

Independent of IFC and MIGA management and reporting directly to the IFC and MIGA Boards of Executive Directors, CAO helps resolve issues raised about the environmental and social impacts of projects through a neutral, collaborative, problem-solving approach via its Dispute Resolution function. It also reviews IFC’s and MIGA’s compliance with environmental and social policies, assesses related harm, and recommends remedial actions through its Compliance function. Additionally, CAO provides advice to IFC, MIGA, and their Boards to enhance environmental and social sustainability performance and minimize the risk of harm.

Complaints may relate to environmental and social harm regarding any aspect of the planning, implementation, or impact of a project or sub-project, and can be made by any individual, group, community, entity, or other party affected or likely to be affected by the environmental or social impacts of an IFC- or MIGA-financed business activity.

Complaints can be submitted by any of the following methods:

Online form: available at https://www.cao-ombudsman.org/
Mail/Hand Delivery to: 2121 Pennsylvania Avenue, NW, Washington, DC 20433, USA
Voice mail: +1 202 458 1973
Email: cao@worldbankgroup.org
SMS, WhatsApp, Telegram, and Signal: +1 202 650 2627

CAO receives and addresses complaints in accordance with the CAO Policy, which can be accessed at: https://www.cao-ombudsman.org/policies-guidelines.

This Environmental and Social Review Summary (ESRS) is prepared by IFC to disclose its findings and recommendations related to environmental and social considerations regarding potential investments. Its purpose is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this ESRS is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein.
It is distributed in advance of IFC Board of Directors' consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following ESRS is disclosed in accordance with IFC's Access to Information Policy (AIP).

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

Projects

Environmental & Social Review Summary

Project Description

Overview of IFC's Scope of Review

E & S Project Categorization and Applicable Standard

Identified Applicable Performance Standards

Environmental and Social Categorization and Rationale

Environmental and Social Mitigation Measures

Environmental and Social Mitigation Measures

PS 1: Assessment and Management of Environmental and Social Risks and Impacts

PS 2: Labor and Working Conditions

PS 3: Resource Efficiency and Pollution Prevention

PS 4: Community Health, Safety and Security

Stakeholder Engagement

Stakeholder Engagement

Local Access of Project Documentation

Broad Community Support

IFC's Determination of BCS

Environmental & Social Action Plan

Environmental & Social Action Plan

Press-Release

Related SII

Similar Projects

Information on E&S Complaints and Grievance Mechanisms

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