Copeval (IFC-32777)

  • Chile
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 28, 2013
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Compania Agropecuaria Copeval SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Potential Rights Impacts
  • Right to Health
Only for projects receiving a detailed analysis, a broad category of human and environmental rights and frequently at-risk populations.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 70.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 5, 2018

Disclosed by Bank Mar 22, 2013

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Compania Agropecuaria Copeval S.A. ("Copeval" or the"Company") is Chile's leading agricultural input distributor, reaching more than 30,000 farmers. Copeval offers a "one-stop shop" to farmers, providing agrochemicals, fertilizers, seeds, agricultural machinery, irrigation equipment, intermediation and logistics services, technical assistance and training. The proposed loan will help the Company open new branches, expand further grain storage and drying capacity; and to replace short term debt with long term debt.

The expanded operations means the company will grow from 27 to 30 stores by the end of 2013. The stores will be located throughout Chile's main agricultural regions. The Company will also continue to expand its services and distribution of inputs to farmers and agricultural SMEs (small-medium enterprises).

The company is headquartered in San Fernando, Chilean VI region. The Company currently has 27 stores spread all throughout Chile's agricultural main areas which comprises from the III to the X region.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.


This investment is a Category B project, because IFC has determined that it will have limited adverse impacts that are few in number, site-specific, and largely reversible and readily addressed through mitigation measures. The key environmental and social issues include: (i) Copeval's ability to provide systematic and consistent management of environmental and social issues across its operations; (ii) compliance with local permits and licenses for operation, transportation and distribution of products and services; (iii) handling, storage, distribution and transportation of hazardous materials, (iv) compliance of the portfolio of products with WHO hazards class (e.g. exclusion of Ia (extremely hazardous) and Ib (highly hazardous) products) and the Food and Agriculture Organization(FAO)' International Code of conduct on the distribution and use of Pesticides; and (v) labor and working conditions, including occupational health and safety.


PS 1 Assessment and Management of Environmental and Social Risks and Impacts
PS 2 - Labor and working conditions
PS 3 - Resource Efficiency and Pollution Prevention
PS 4 Community Health, Safety and Security

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.


Right to Health

Copeval's expansion of operations will naturally mean continued large scale usage and transportation of various agrochemicals, expansion of hazardous material storage operations, expanded waste disposal operation, and increased potential for worker exposure to the aforementioned materials. Several of the agrochemicals used by Copeval are categorized by the World Health Organization as Class Ib, highly hazardous. However, IFC is not requiring Copeval to discontinue use of these chemicals immediately. Rather, Copeval will phase them out gradually over the next three years. Accordingly, the following questions should be asked:

  • Has your health been affected since the beginning of the investment project?
  • Has the health of some community groups been affected more than others?
  • Has women's health been affected since the beginning of the investment project?
  • If there have been public health problems related to the investment project, have you been informed of these problems?
  • What opportunities are available if you feel that your right to health has been affected?
  • Do you have reasons to believe that your health and/or your access to health services could be affected as a result of the planned investment project?
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Copeval's expansion will significantly increase its operational funding needs. IFC will provide a financing facility of up to US$70 million, including a securitized bond to finance increased permanent working capital needs and support Copeval's growth efforts and further geographical reach within Chile. The investment will provide structured long term financing in local currency at longer terms than usually available in the local market.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Copeval was established in 1956 as a cooperative and since 2003 it turned into a listed company in the Santiago Stock Exchange. Its major share holders are: Gonzalo Martino Gonzalez (23%), Ariztia Group (22%) and Hernan Bozzo (17%).


Copeval SA was founded on November 13, 1956, by a group of farmers who established it as a cooperative. Today Copeval SA is a leading player in the Chilean Agricultural industry by providing integrated supply and services for farmers. In 2003 it became a listed company in the Santiago Stock Exchange. Its major shareholders are: Gonzalo Martino Gonzalez (23%), Ariztia Group (22%) and Hernan Bozzo (17%).

Copeval currently reaches more than 30,000 farmers through its network of stores located across all Chile's agricultural regions. In addition to the products it provides to farmers, Copeval also provides a variety of technical servies and training to small farmers. They sponsor different programs that provide support such as including programs for enhancing the productivity and quality of suppliers, assistance in the implementation of quality certifications, advice in feasibility studies for the implementation of irrigation services. The training services include sessions for agricultural good practices, pesticides handling, treatment of plagues and diseases, operation and maintenance of irrigation systems and agricultural machinery. During 2012, Copeval provided assistance to about 3,900 farmers from the region of Coquimbo to Los Lagos.

Copeval SA now has a strong presence in the region of Atacama and the Lake District, with branches in the cities of Copiapo, La Serena, Ovalle, Quillota, San Felipe, Melipilla, Buin, Rancagua, San Vicente, Rengo, San Fernando, Nancagua, Santa Cruz, Curico, Talca, Linares, San Carlos, Chillin, Los Angeles, Victoria, Montreal, Los Lagos and Osorno.

On April 12, 2013, the media reported on a political scandal involving Copeval in which a Chilean government official with ties to the company awarded it a government contract worth USD $1 million for agricultural equipment that was later found to be faulty and not suitable for use.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Compañía Agropecuaria Copeval S.A. Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Gonzalo Contreras Carrasco
Address: Av. M. Rodriguez 1099, San Fernando
Tel: +5672 740 319


According to IFC, Copeval representatives interact with local authorities during the planning and operation of new branches or grain processing facilities. Given the location of the branches and distribution centers, interaction with local community is limited. There are not local requirements to disclose or consult before new branches are open. Engagement with communities in which company facilities are located is on an informal basis; however any concerns from the community are addressed through the existing integrated environmental and social management system, specifically under the communication procedures and all queries should be recorded. Copeval will publicly disclose the contents of the IFC's environmental and social review summary and will respond to concerns, and where necessary will undertake actions to address these concerns.


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

How it works

How it works