PROJECT

Projects

Environmental & Social Review Summary

Project Number

38573

Company Name

MINSHENG EDUCATION GROUP COMPANY LIMITED

Date ESRS Disclosed

Mar 22, 2017

Country

China

Region

East Asia and the Pacific

Last Updated Date

Mar 22, 2017

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Jan 6, 2017
Signed : Mar 8, 2017
Invested : Mar 16, 2017

Sector

Colleges, Universities, and Professional Schools

Industry

Health, Education and Life Sciences

Department

Regional Industry - MAS Asia & Pac

Project Description

Minsheng Education Group Company Limited (together with its subsidiaries, “the company”) is a privately owned higher education provider in China offering undergraduate programs and vocational education through four schools (three of which are located in the Greater Chongqing area; and the remaining one school is located in the Inner Mongolia Autonomous Region). Its largest school in Chongqing has been in operation for over 10 years. As of October 31, 2016, there were over 18,750 students enrolled at the school. As of November 30, 2016, the school occupied 20 parcels of land with over 1,000,000 sq. m. of gross site area and 164 buildings with over 400,000 sq. m. of gross floor area. The school is located in a peri-urban outskirt area of the municipality. Another school of the company, also in Chongqing, is located in a densely populated urban setting, which had close to 10,000 students under enrollment as of October 31, 2016.  The campus consisted of eight parcels of land with a gross site area of approximately 306,200 sq. m. and 22 buildings with a gross floor area of approximately 141,860 sq. m. as of November 30, 2016. The school acquired a new parcel of land in August 2016, which will be used to construct additional educational facilities. The remaining two schools the company operates are smaller-scale vocational colleges located in urban areas in their respective locations.

 The company plans to acquire existing schools and set up new schools across China and to operate them. IFC is looking at an equity investment of US$30 million in the company.

Overview of IFC's Scope of Review

The scope of IFC’s review included assessing the capacity and systems of the company to oversee and monitor compliance of the project with IFC’s Performance Standards as well as national environmental, social and occupational health and safety regulatory requirements in China. The review relied on the interviews conducted by IFC in September 2016 with company representatives and departmental personnel at two campuses (i.e. Chongqing College of Humanities, Science and Technology or CCHST; and Pass Institute of Chongqing Technology and Business University or PI), including the Chairman of the Board, Chief Executive Officer, Vice President, Chief Financial Officer, Heads of the Administration, Security and Support (ASD) Departments at both CCHST and PI, firemen at the CCHST on-site fire brigade, Heads of Human Resources at CCHST and at PI, and other staff with environmental, health and safety (EHS) responsibilities. IFC visited the CCHST and PI campuses in Chongqing, including lecture halls, a number of dormitories, cafeterias and their kitchen back of house areas, septic tank areas, and office/administrative buildings.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan