PROJECT

Projects

Summary of Investment Information

Project Number

41813

Company Name

NESTLE NESPRESSO SA

Date SPI Disclosed

Nov 30, 2021

Country

Africa Region

Region

Africa

Projected Board Date

Jan 6, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 25, 2022

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Mar 1, 2022
Signed : May 4, 2022
Invested : Nov 22, 2022

Sector

Coffee, Cocoa, Tea

Project Description

The Proposed Investment is a CHF 4 million equivalent corporate A Loan to the Nespresso Sustainability Innovation Fund (NSIF) to support Nespresso’s goal to further scale the farmer support provided through the AAA Sustainable Quality ProgramTM with a focus on the Reviving Origin program. At the same time, IFC will provide Advisory to support the implementation strategy in Uganda, Mozambique, and Zimbabwe. This Project will be IFC’s second collaboration with Nespresso, after successfully establishing the proof of concept in Ethiopia and Kenya.                                                  

Associated Advisory Engagement

IFC would be offering advisory services to the Company to: (i) promote good agricultural practices (rejuvenation, fertilization, pest and disease control, and erosion control) and coffee quality and sustainability standards. Farmers will be offered extension services through individual and/or group trainings and ecosystem restoration services through provision of suitable varieties of rainforest (shade) trees. In addition, the advisory engagement will improve business management and entrepreneurial skills for farmers (especially women) and farmer groups in areas of record-keeping, leadership, and financial literacy.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation