Axzon Corp Loan (IFC-37858)

  • Poland
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
Jun 2, 2016
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.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 18.40 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.
Project Cost (USD)
$ 214.20 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 Aug 29, 2017

Disclosed by Bank Mar 22, 2016

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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.
The proposed project is to support the further development of the Slaughterhouses in Poland and Ukraine and for the latest acquired farms in Poland, and the continuation of Axzon's work on achieving minimal carbon emission balances for its operations outside Poland. In this respect Axzon has already achieved a zero balance on its corporate carbon footprint in Poland as certified by TUV Rheinland of Germany according to ISO 14064-3. According to bank documents, Axzon currently has more than 30 pig production farms in Northwestern Poland, around 10 in Western Ukraine, two in Russian, a slaughtering and meat processing facility in Poland and a part of a smaller specialty slaughtering facility in Jutland, Denmark. The company also operates numerous biogas plants in Poland and Ukraine as well as arable land in both Poland, Ukraine and Russia.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The project sponsor is Axzon, an international company with over 20 years’ history and has been a top producer in Poland and Ukraine. Axzon is 84.67% owned by Polen Invest A/S, an investment holding vehicle of a group of 90 Danish farmers, 6.97% owned by IFC, 3.91% owned by Mr. Tom Axelgaard, Axzon’s founder and CEO, through Axelgaard Holding, and the remainder 4.45% is ultimately owned by Danish farmers and their families (76 in total).

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.
Tom Axelgaard Axzon A/S Birk Centerpark 40 Herning 7400 Denmark Email: Telephone: +45 7652 2000 Fax: +45 7652 2001 ACCOUNTABILITY MECHANISM OF IFC 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

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