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

The total Project cost is estimated at €30 million. The proposed IFC financing amounts to €30 million in the form of a long term 4.5-year A-Loan.

34.19 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	34.19
Equity

* These investment figures are indicative

IFC financing will be directly used to support Soufflet’s capital expenditures and working capital needs in Ukraine, Kazakhstan, Romania, and Poland.

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 and investments agricultural infrastructure in countries with strong potential.

IFC''s expected role and additionally includes: (i) Global presence & knowledge; (ii) Long-term partnership.

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 the following Performance Standards:

PS 1 – Assessment and Management of Environmental and Social Risks and Impacts;

PS 2 - Labor and working conditions;

PS 3 - Resource Efficiency and Pollution Prevention; and

PS 4 – Community Health, Safety and Security.

IFC’s due diligence did not identify issues related to matters covered by PS 5 - 8. The land for the Buzau facility was obtained based on a willing buyer / willing seller situation and followed the regulatory requirements found in Romania. There is no expected further 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 facility.

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.