PROJECT

Projects

Environmental & Social Review Summary

Project Number

43317

Company Name

INTEGRATED DIAGNOSTICS HOLDINGS PLC

Date ESRS Disclosed

May 18, 2021

Country

Egypt, Arab Republic of

Region

Africa

Last Updated Date

Sep 30, 2022

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Dec 8, 2020
Signed : Apr 21, 2021
Invested : May 19, 2021

Sector

other

Industry

other

Department

CM3M3 - Regional Industry - MAS ME & Africa/Manufacturing - Middle East

Project Description

Integrated Diagnostics Holding PLC (“IDH” or the “company) is a leading consumer healthcare company in the Middle East and Africa (MEA)with operations in Egypt, Jordan, Sudan and Nigeria.

In Egypt, IDH has developed a hub, spike and spoke model with each lab contributing differently to the company operational model and diagnostic process. Hubs are represented by Mega Labs, or A Labs (1 lab), where most of the samples are tested; Spokes or B Labs (7 labs) are primarily collection points with some basic testing capabilities, while spikes or C Labs (402 number), are only samples collection points. As of September 30, 2020 the company operates out of 471 locations of which 419 are in Egypt; 19 branches in Jordan, 12 in Nigeria, and 21 in Sudan.

IFC is in discussions with IDH to potentially extend an up to US$45 million A loan to finance IDH’s general corporate purposes including CAPEX and investments (the “project”).                                              

Overview of IFC's Scope of Review

IFCs scope of E&S review focused on the Egyptian operations of the company as its majority business operations and headquarters are based in Egypt. IFC’s E&S due diligence, considering the COVID-19 related travel restrictions, comprised of: 1) review of E&S related documents and information shared by the company for the 4 operating countries; 2) virtual meetings with the company via video conferencing during 21-23 September 2020; and 3) virtual guided tour, on 24 September 2020, of the 3 types of labs in Egypt, the Mega Hub in Cairo, B-Lab in Port Said, and C-Lab in Port Said. Virtual meetings were held with corporate senior management staff from: health, safety and environment (HSE); human resources (HR); quality and compliance departments, and administrative and maintenance teams.

IDH’s Nigeria operations are under “Echo-Scan” which is an existing IFC client (project #33951  https://disclosures.ifc.org/#/projectDetail/ESRS/33951). IFC’s review of the proposed investment thus, also included the E&S related information collected during the past years, and the environmental and social action plan (ESAP) for the proposed investment and the implementation of the environmental and social management system (ESMS) will also cover the Echo-Scan operations (as one of IDH’s subsidiaries).                                               

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Broad Community Support

Environmental & Social Action Plan