Company name
Natura Cosmeticos S.A.
Project number
15124-01
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
Brazil
Sector
Investment Funds
Status
In implementation
Disclosed date
07/09/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/25/2024
Approval date
06/25/2024
Signed date
07/01/2024
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 37,080,000
Currency
BRL
Project scope and objective
Natura Cosméticos S.A. (“Natura”) is a Brazilian company founded in 1969, and controlled by Natura&Co Holding S.A. (“The Holding”), a public entity, which is listed in the Brazilian Stock Exchange (B3). Natura´s core business is the production and commercialization of cosmetics, fragrances, and toiletries. The company has five manufacturing plants, and nineteen distribution centers in Latin America, with sales to fourteen countries in the region, having a leadership position in Brazil, Argentina, and Colombia. Since the beginning of its operations, Natura has developed its sales’ strategy using direct channels, mostly through an extensive network of consultants that currently reaches around 3.5 million people in the region.
Use of proceeds of the proposed transactions include: (i) the development of new bioingredients from the Amazon Biome, as well as other research and development related investments; (ii) enhancements to the existing manufacturing and distribution infrastructure in its operations in Cajamar, which includes but is not limited to operational expenditure (opex) and capital expenditure (capex); and/or (iii) purchase of equipment, including the acquisition of specialized tools and molds for product line updates and growth, in the Country.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
ri@natura.net
PHONE NUMBER
0800 776 00 13
POST OFFICE ADDRESS
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
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.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn 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. 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.
NATURA ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
1.6 Mb
NATURA ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
61.4 Kb