PROJECT

Projects

Environmental & Social Review Summary

Project Number

50643

Company Name

INVIVO GROUP

Date ESRS Disclosed

Apr 7, 2025

Country

Ukraine

Region

Europe

Last Updated Date

Jun 29, 2025

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : May 27, 2025
Signed : Jun 21, 2025
Invested : Jun 27, 2025

Sector

other

Industry

other

Department

Regional Industry MAS LAC & EUR

Project Description

The proposed IFC investment consists of (i) two risk-sharing facilities (RSF) to Soufflet Agro Ukraine CJSC (“Soufflet Agro Ukraine”) in Ukraine to partially guarantee up to €30m of its receivables from Ukrainian farmers and up to €10m of its receivables from global buyers of Ukrainian grain; and (ii) a loan of up to €50m to InVivo Group SA (InVivo or the “Group”), a Soufflet Agro Ukraine’s parent entity in France, to provide capex and working capital financing for the operations of its direct and/or indirect subsidiaries in Ukraine (together, the “Project”).

InVivo is a mission-driven group, leading global agricultural conglomerate active in agriculture, international grain trade, malt processing, agri-food, and retail, employing 15,000 people in 40 countries. InVivo originates over 10 million tons of grains (primarily barley and wheat) from thousands farms across Africa, Central Asia, Europe, and South America. Soufflet Agro Ukraine, founded in 2007 in Ukraine, originates grain (e.g., wheat, barley, soybean, oil crops) from Ukrainian farmers and supplies it to export markets and partly to InVivo’s malting plant in Ukraine (Slavuta Malt House), one of the 41 Soufflet Malt plants. Soufflet Agro Ukraine employs about 190 people and has multiple warehouse facilities with 160k tons storage capacity.

InVivo, together with the former Soufflet Group which was acquired in 2021, are IFC’s repeated clients with previous investments available at: Project #48083, Project #47511, Project #45465, Project  #40331, Project #38083, Project #34759, Project #30067, Project #27510. The E&S performance of the existing investments with InVivo (and previously with the former Soufflet Group) has been satisfactory.

                                                

Overview of IFC's Scope of Review

IFC’s E&S review of the proposed investment included: (i) review of publicly available E&S documents, and project related information and studies provided by Soufflet Agro Ukraine and the group, including E&S management plans and procedures, monitoring/reporting framework, internal audits, emergency preparedness plans, malting plant’s resource efficiency, and barley production and sourcing in Ukraine; (ii) virtual meetings in December 2024 with InVivo’s, Soufflet Malt’s and Soufflet Agriculture’s management and representatives of Soufflet Agro Ukraine (sustainability, environmental, occupational health and safety (OHS), human resources (HR) and community relations teams). 

                                                 

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan