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Company name

Aglomerados Cotopaxi S.A.

Project number

EC3829A-01

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E&S category
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N/A

Country

Ecuador

Sector

Agribusiness

Status

Completed

Disclosed date

07/27/2007

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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09/11/2007

Approval date

10/23/2007

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

USD $ 11,000,000

Financing amount

USD $ 6,300,000

Currency

USD

Project scope and objective

The project consists of: i) production plant upgrades to increase efficiency and reduce costs; ii) purchase of forest plantations to increase the supply of raw materials; iii) environmental investments; and iv) investments in occupational health and safety.

 

 

 

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

ENVIRONMENTAL AND SOCIAL REVIEW

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

N/A

PHONE NUMBER

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POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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