Company name

JSL S.A. ("JSL", the "Client" or the "Company")

Project number

13009-01

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
tooltip

B

Country

Brazil

Sector

Manufacturing

Status

Proposed

Disclosed date

08/17/2021

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

Projected board date
tooltip

11/05/2021

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Parodi, Juan

Investment type

Financing requested

N/A

Syndicated amount

USD $ 10,000,000

Financing amount

USD $ 20,000,000

Currency

USD

Project scope and objective

JSL, Vamos and CSB are Brazilian companies controlled by the SIMPAR Group, (“SIMPAR”, or the “Group”). SIMPAR controls and manages six independent companies that provide value-added rental, logistics, mobility and financial services, focused on long-term contracts. Overall, the companies that are part of SIMPAR buy, rent, maintain, finance, operate and sell vehicles and equipment. JSL is the leader in road logistics services in Brazil; Vamos is the leader of rental and sale of trucks, machinery, and equipment in Brazil; and CSB focuses on providing long term services to public companies, including passenger transportation, waste disposal, road and port terminal concessions.

 

The proposed operation for JSL (the “Project”) aims at supporting the Client efforts to reduce Greenhouse Gas Emissions (“GHG”) in its operations. Transaction objectives include: (i) increase the participation of heavy electric, hybrid and biofuel vehicles in its fleet; (ii) support investments in Compressed Natural Gas ("CNG”) conversion; and (iii) innovation projects to optimize its operational process and integrating systems through the inclusion of technologies and programs to reduce the overall carbon footprint of its operations.

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

JSL VAMOS CS BRASIL - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

972.8 Kb

JSL VAMOS CS BRASIL - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

389.1 Kb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Paulo Prado

POSITION

INVESTOR RELATIONS MANAGER

PHONE NUMBER

(+5511)3454-4010

EMAIL

ri@simpar.com.br

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices