Company name

Inmobiliaria Ruba, S.A. de C.V.; Ruba Desarrollos, S.A. de C.V.; and Grupo Logístico y Soluciones Integral del Norte, S.A. de C.V.

Project number

13505-01

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
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B

Country

Mexico

Sector

Manufacturing

Status

In implementation

Disclosed date

03/18/2022

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

Projected board date
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06/07/2022

Approval date

06/07/2022

Signed date

08/02/2022

Sponsoring entity

N/A

Team leader

Fernandez Fernandez, Martha

Investment type

Syndicated amount

N/A

Financing amount

USD $ 75,439,800

Currency

MXN

Project scope and objective

Inmobiliaria Ruba, S.A. de C.V. (“Ruba”) acquires, develops, and markets integrated housing projects in the social, middle-income, and residential housing segments. The proposed operation consists of granting Ruba and its subsidiaries: i) a long-term revolving facility to finance social and middle-income housing projects in Mexico; and ii) an uncommitted revolving reverse factoring facility to monetize creditor rights arising from the sale of goods or services by suppliers to Ruba.

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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.

RUBA ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

297.0 Kb

RUBA ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

256.0 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Adriana Zapien Hernández

POSITION

Director of Social Responsibility

PHONE NUMBER

01.800.288.7822

EMAIL

adriana.zapien@ruba.com.mx

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

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