Established in France in 1900, Soufflet is privately-owned by the Soufflet family.

The total Project cost is estimated to be €200 million which corresponds to the peak working capital need of the Group in ECA. The proposed IFC financing amounts to €60 million-equivalent in the form of a multi-country working capital loan.

81.90 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	81.90
Equity

* These investment figures are indicative

The IFC financing will be directly used to support Soufflet’s working capital needs in the six Project Countries.

The development impact of the Project is expected to include: (i) Small-holders reach as the IFC financing will be channeled by Soufflet throughout the agricultural supply chain; (ii) Improved food security through increased productivity; (iii) Private sector development in challenging business environments.

IFC''s expected role and additionality include: (i) Local currency financing; (ii) Global presence & knowledge; (iii) Sharing of E&S best practices; and (iv) Long-term partnership with Soufflet.

While all Performance Standards (“PS”) are applicable to this investment, IFC’s environmental and social review indicates that the investment will have impacts which must be managed in a manner consistent with PS 1-4. IFC’s due diligence did not identify project issues related to matters covered by PS5-8. There is no expected land acquisition or involuntary resettlement, conversion of natural and/or critical habitats leading to biodiversity loss from direct operations and/or supply chain, indigenous populations or known cultural artifacts. Operations will be continued within the footprint of the existing facilities. The proposed investment is expected to have limited environmental and social impacts; as such, this is a Category B project according to IFC’s Environmental and Social Sustainability Policy.



Main environmental and social risks associated with Soufflet operations are: (i) ability of the corporate environmental and social management system to identify and control environmental, social, occupational health and safety issues throughout all its facilities; (ii) internal technical capabilities to enforce the Group''s environmental due diligence procedures within its subsidiaries; (iii) human resource policy, including working conditions and terms of employment, occupational health and safety, labor issues; (iv) rational use and storage of fertilizers and pesticides, solid waste and wastewater management, air emissions from the malt processing plants, energy and water use and efficiency, (v) contingency planning and emergency response, including security and health issues related to the agro-chemical exposure, life and fire safety, traffic and transport, and (vi) stakeholder engagement plan and community grievance mechanism.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.