Company name
Vinci Partners
Project number
13030-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Brazil
Sector
N/A
Status
In implementation
Disclosed date
07/16/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/22/2020
Approval date
09/15/2020
Signed date
12/17/2020
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 10,000,000
Currency
USD
Project scope and objective
IDB Invest is considering an equity investment of up to US$10 million in Vinci Impact and Return IV (“VIR IV” or the “Fund”), an impact investment fund created to provide growth equity for small and medium-sized enterprises (“SMEs”) in Brazil, with a focus on less developed regions. Following a triple bottom-line strategy, the Fund will seek market-level returns while deliberately seeking measurable socioeconomic impacts in line with the Sustainable Development Goals (“SDGs”) and enhancing environmental, social and governance (ESG) standards.
The Fund’s impact strategy will primarily consist of (i) seeking to invest in less developed regions of Brazil, where access to capital and know-how is limited and/or (ii) focusing on companies where there is a clear impact embedded in its business model. Moreover, the Fund will invest in sectors and themes that cover determined SDGs, making VIR’s impact framework adherent to the United Nation’s development guidelines. Additionally, VIR IV will partner with entrepreneurs that values impact as a mean of operating their businesses and generating value and will target companies and business in which a reliable impact measurement and monitoring framework application is possible on a continuous basis.
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Contact information
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Client Contact
IDB Invest Contact
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 [email protected] 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 [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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