PROJECT

Projects

Environmental & Social Review Summary

Project Number

36031

Company Name

SOCIETE AGRO-INDUSTRIE DE COTE D'IVOIRE S.A.

Date ESRS Disclosed

May 26, 2015

Country

Cote D'Ivoire

Region

Africa

Last Updated Date

Jan 18, 2018

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Jun 26, 2015
Signed : Jun 10, 2016
Invested : Jan 5, 2018

Sector

Soft Drink

Industry

Agribusiness and Forestry

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

The proposed investment is up to €8million A loan to support the establishment and operation of Agro CI S.A (“Agro CI”), a greenfield beverage project in Cote d’Ivoire at total project cost of up to €23 million. Agro CI’s investment plans include: (i) land acquisition in Bonoua, Cote d’Ivoire; (ii) construction of production and storage facilities, (iii) acquisition of new equipment and transport vehicles; and (v) permanent working capital (“the Project”).

Overview of IFC's Scope of Review

The IFC site visit was conducted between 03/16/2015 and 03/23/2015. The mission consisted of meetings with numerous stakeholders (sponsors, management, Plant Industrial Director, Quality, Health, Safety and Environment (QHSE) Manager), Commercial Manager and, Technical Services Manager of an industrial partner (INP), Center for the Promotion of Investments in Cote d''Ivoire Manager, the Anti-Pollution Center Manager, Environment National Agency Director, Agro Ci''s Contractor, and local authorities in the city of Bonoua.

IFC reviewed Social and Environmental Responsibility Charter of Agro CI’s sister company (SC), INP Environmental, Occupational Health and Safety, Quality, and Food Safety Policies; SC’s Emergency Preparedness and Response Framework, SC’s Organizational Chart, Quality Control and laboratory testing procedures, raw milk testing procedures, and Internal Regulations.

IFC’s appraisal considered environmental and social 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 and in the agreed Environmental and Social Action Plan (ESAP) disclosed in this review summary. Through implementation of these management plans and the ESAP, the project is expected to be designed and operated in accordance with Performance Standards objectives.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan