SUCDEN S.A. and SUCDEN Cote d’Ivoire.

€250 million, distributed as follow: €120 million from IFC’s own account, and €130 million mobilized (€80 million from FMO and €50 million from OPEC fund).

Cote d’Ivoire.

This is a Category A project according to IFC's Policy on Environment and Social Sustainability (2012). Key E&S risks and issues associated with this investment are the same as those for #47216 and are: (i) The robustness of SUCDEN’s E&S and Supply Chain risk assessment and implementation effectiveness of its Environmental and Social Management System (ESMS) for its direct operations (e.g., warehouses) and cocoa sourcing operations in CDI, including gender-based violence (GBV) risks;  (ii) The E&S capacity/competency to ensure timely implementation of SUCDEN’s Sustainable cocoa sourcing strategies up to and including September 2028 in CDI; (iii) Provision of fair and safe working conditions in line with PS2 and local labor requirements for direct workers and contractors of SUCDEN-CI; (iv) The efficacy of the risk assessment of its primary cocoa suppliers, including effective implementation of SUCDEN’s Supplier Code of Conduct, risk assessment procedures of its cocoa sourcing, and annual independent verification of compliance with SUCDEN and off-takers’ sustainability requirements, including avoidance of risks associated with child/forced labor, significant safety hazards (such as use of pesticides), and risks of conversion of Natural and/or Critical Habitats to farmland to be used for cocoa production; (v) The effectiveness of emergency preparedness and road safety policy and procedures; and (vi) The implementation of a Stakeholder Engagement Plan and Community Grievance Mechanism in CDI.