Company name
Veneza Inversiones PY SA
Project number
14128-01
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
Paraguay
Sector
Manufacturing
Status
Inactive
Disclosed date
10/28/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
02/01/2023
Approval date
02/01/2023
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 11,000,000
Currency
USD
Project scope and objective
The proposed finance facility is an US$11 million 8-year senior loan to Veneza Inversiones S.A., to finance a rendering plant with the capacity to process up to 440 tons per day of animal by-products extracted from beef tallow, bone meal, meat meal and blood.
Veneza Inversiones PY S.A. began operating in the agribusiness sector in August 2016 and can process and sell various products in Paraguay. It belongs to the Durli Group, one of the largest leather producers in Brazil, whose business includes producing and selling leather and processing third-party leather.
ADDENDUM: On January 31, 2023 a correction has been made to section 4.2.b (pag.7) of the ESRS. The corrected information is as follows: “Paraguay is a signatory to several International Labor Organization ("ILO") conventions. In 2009, the Government of Paraguay, together with organizations from the labor sector, the employer sector and the ILO, signed a Tripartite Agreement called the National Program for Decent Work, which establishes, among other issues, the eradication of forced and child labor in the country”.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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.
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.
VENEZA PARAGUAY - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
276.5 Kb
VENEZA PARAGUAY - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
143.4 Kb
VENEZA PARAGUAY - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)-REVISED VERSION-01-31-2023
266.2 Kb