Company name
Grupo Corporativo Papelera S.A. de C.V. (“GCP”)
Project number
ME4024A-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category 
B
Country
Mexico
Sector
Agribusiness
Status
Completed
Disclosed date
05/23/2013
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/25/2013
Approval date
08/06/2013
Signed date
11/06/2013
Sponsoring entity
Sistemas Integrales para el Transporte S.A. de C.V.
Team leader
Lesme Romero, Hernando
Investment type
Syndicated amount
USD $ 7,547,240
Financing amount
USD $ 13,609,100
Currency
MXN, USD
Project scope and objective
GCP is a Mexican enterprise founded in 2001 engaged in the manufacturing and conversion of sanitary paper products, mainly bathroom tissue and napkins.
The IIC funding will be used for the procurement and commissioning of a paper mill and all ancillary equipment to help strengthen the company’s competitiveness.
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Contact information
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IDB Invest Contact
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PHONE
+1(202)-566-4566
ADDRESS
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COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
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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