SocGen EF Brazil (IFC-39086)

Countries
  • Brazil
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
May 30, 2017
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.
Borrower
SOCIETE GENERALE EQUIPMENT FINANCE
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Climate
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific lending purpose. A "ring fence" is another name for this specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 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 Aug 12, 2017

Disclosed by Bank Apr 24, 2017


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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 project involves providing an up to US$ 50 million BRL equivalent A loan to SG Equipment Finance S.A. Arrendamento Mercantil (“SGEF Brazil” or the “Company”). The funds will be used to provide financing, mainly through leasing, to climate smart transactions (the “Project”). The Project counts on Credit Enhanced Loan Transaction (“CELT”) guarantee issued by Société Générale Group in France (“SGG”) which covers all commercial credit risk with the exclusion of certain country risk events. Supporting climate-change mitigation investments through financial intermediaries is a key pillar of IFC’s strategy.
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.
- Positive Climate Change Mitigation. Through climate smart financing, SGEF Brazil's activities will have a direct impact in lowering greenhouse emissions and encouraging efficient management and re-use of scarce resources. - Contribute to the confidence in the leasing sector in Brazil. By providing its first loan to a leasing company in Brazil and the first within SGEF entities, in the midst of an economic contraction, the Project will help address a potential confidence crises and increase market confidence in SGEF Brazil and in the leasing sector in Brazil.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The Project sponsor is SGEF Brazil, a leasing company operating within the Société Générale Equipment Finance (“SGEF”) group and mainly focused on equipment and vendor finance, both local and international.The Company is a wholly owned subsidiary of Banco Société Générale Brasil, which, in turn, is a 100% subsidiary of SGG. SGG has no parent company and its ownership structure as of December 2016 is as follows: free float (88.39%) of which BlackRock Institutional Trust Company (5.58%); Group employee share ownership plan (6.61%); Shareholders with more than 1.5% of the capital or voting rights (3.97%); Share buybacks (1.02%).
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actor Relationship
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.

There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).

The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.

The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
A & D Pharma Holdings Nv Parent Company Education and Health owns A & D Pharma Hldg Srl Client Education and Health
ACS Parent Company Construction owns Dragados SA Client Construction
ACS Parent Company Construction owns Hochtief AG Client Construction
Advent International Corp Parent Company Construction owns Circet SAS Client Construction
Agricereales SA Parent Company Construction owns Mecatherm SA Client Construction
Akira Holding Foundation Parent Company Agriculture and Forestry owns Louis Dreyfus Co Asia Pte Ltd Client Agriculture and Forestry
Akira Holding Foundation Parent Company Agriculture and Forestry owns Louis Dreyfus Co Brasil SA Client Agriculture and Forestry
Apax Partners LLP Parent Company Agriculture and Forestry owns Europe Snacks Client Agriculture and Forestry
Apollon Holding AS Parent Company Construction owns Verallia France SA Client Construction
Ardian SAS Parent Company Agriculture and Forestry owns Cerelia SAS Client Agriculture and Forestry
Ardian SAS Parent Company Communications owns eDreams Odigeo SA Client Communications
Ardian SAS Parent Company Education and Health owns Inula NV Client Education and Health
Attis 2 Sas Parent Company Agriculture and Forestry owns Gascogne SA Client Agriculture and Forestry
Aurora Capital Group Parent Company Construction owns Restaurant Technologies Inc Client Construction
Bacardi & Co Ltd Parent Company Agriculture and Forestry owns Bacardi Ltd Client Agriculture and Forestry
Bain Capital LP Parent Company Construction owns Consolis SAS Client Construction
BPCE SA Parent Company Construction owns Loire-Atlantique Telecom & Client Construction
Broadcom Inc Parent Company Communications owns Broadcom Corp Client Communications
BSA International SA Parent Company Agriculture and Forestry owns Groupe Lactalis SA Client Agriculture and Forestry
BSA SAS Parent Company Agriculture and Forestry owns Groupe Lactalis SA Client Agriculture and Forestry
Bunge Ltd Parent Company Agriculture and Forestry owns Bunge Finance Europe Client Agriculture and Forestry
Caisse Federale Credit Mutuel Parent Company Construction owns Circet SAS Client Construction
Caisse Federale Credit Mutuel Parent Company Agriculture and Forestry owns Routin Sasu Client Agriculture and Forestry
Cargill Inc Parent Company Agriculture and Forestry owns Cemoi Group Client Agriculture and Forestry
Carlsberg A/S Parent Company Agriculture and Forestry owns Carlsberg Breweries A/S Client Agriculture and Forestry
Charterhouse Capital Partners Parent Company Communications owns Sagemcom Broadband SAS Client Communications
Chengdu Tianqi Industry Group Parent Company Construction owns Windfield Holdings Pty Ltd Client Construction
Clayton Dubilier & Rice Hldg Parent Company Construction owns Brand Energy & Infrastructure Client Construction
CNH Industrial NV Parent Company Construction owns CNH Global NV Client Construction
Cobehold SA Parent Company Communications owns Exclusive Networks SAS Client Communications
Coca-Cola HBC AG Parent Company Agriculture and Forestry owns Coca Cola HBC Finance BV Client Agriculture and Forestry
COFCO Corp Parent Company Agriculture and Forestry owns COFCO (Hong Kong) Ltd Client Agriculture and Forestry
COFCO Corp Parent Company Agriculture and Forestry owns Cofco Agri Ltd Client Agriculture and Forestry
COFCO Corp Parent Company Agriculture and Forestry owns Nidera BV Client Agriculture and Forestry
Compagnie des Minquiers SAS Parent Company Agriculture and Forestry owns Cofigeo SA Client Agriculture and Forestry
CTP Ltd Parent Company Construction owns Ctpk W Srl Client Construction
CVC Capital Partners Ltd Parent Company Education and Health owns Doc Generici Srl Client Education and Health
DCH International A/S Parent Company Agriculture and Forestry owns Premium Porc SRL Client Agriculture and Forestry
Dentressangle Initiatives SAS Parent Company Communications owns Tessi SA Client Communications
ECOM Agroindustrial Corp Ltd Parent Company Agriculture and Forestry owns ECOM Agroindustrial Asia Ltd Client Agriculture and Forestry
Endurance Intl Grp Hldg Inc Parent Company Communications owns Endurance Intl Group Inc Client Communications
Eurazeo SE Parent Company Communications owns Fintrax Group Holdings Ltd Client Communications
Eurazeo SE Parent Company Education and Health owns Novacap SAS Client Education and Health
Ferrero International SA Parent Company Agriculture and Forestry owns Ferrara Candy Co Inc Client Agriculture and Forestry
Ferrero International SA Parent Company Agriculture and Forestry owns Ferrara Pan Candy Co Inc Client Agriculture and Forestry
Fimave NV Parent Company Agriculture and Forestry owns Siat SA Client Agriculture and Forestry
Fondation Pierre Fabre Parent Company Education and Health owns Pierre Fabre SA Client Education and Health
France Air Holding SA Parent Company Construction owns France Air SA Client Construction
Francisco Partners Mgmt Lp Parent Company Communications owns Ichor Systems Inc Client Communications
Francisco Partners Mgmt Lp Parent Company Communications owns Sandvine Corp Client Communications
Freixenet SA Parent Company Agriculture and Forestry owns Yvon Mau(Freixenet SA) Client Agriculture and Forestry
Garfield Weston Foundation Parent Company Agriculture and Forestry owns Associated British Foods PLC Client Agriculture and Forestry
General Mills Inc Parent Company Agriculture and Forestry owns Yoplait SAS Client Agriculture and Forestry
Gibraltar Industries Inc Parent Company Construction owns Florence Corp Client Construction
GoDaddy Inc Parent Company Communications owns PlusServer GmbH Client Communications
Gs Engineering & Constr Corp Parent Company Construction owns GS Saigon Dvlp One-Member LLC Client Construction
HDL Development SAS Parent Company Construction owns Assystem SA Client Construction
HIG Capital Partners LP Parent Company Agriculture and Forestry owns Arctic Glacier Inc Client Agriculture and Forestry
HNA Technology Co Ltd Parent Company Communications owns Ingram Micro Inc Client Communications
ICG PLC Parent Company Construction owns Gerflor SAS Client Construction
IK Investment Partners Ltd Parent Company Communications owns EXXELIA Group Client Communications
Ilim Holding SA Parent Company Agriculture and Forestry owns Ilim Group JSC Client Agriculture and Forestry
Imperial Brands PLC Parent Company Agriculture and Forestry owns Imperial Brands Finance PLC Client Agriculture and Forestry
Inmobiliaria Carso SA de CV Parent Company Construction owns Azincourt Investment Client Construction
Inmobiliaria Carso SA de CV Parent Company Construction owns FCC Client Construction
Jacobs Foundation Parent Company Agriculture and Forestry owns Barry Callebaut AG Client Agriculture and Forestry
Japan Tobacco Inc Parent Company Agriculture and Forestry owns Japan Tobacco International SA Client Agriculture and Forestry
Japan Tobacco Inc Parent Company Agriculture and Forestry owns JT International BV Client Agriculture and Forestry
Kenes International Ltd Parent Company Agriculture and Forestry owns Caroli Foods Group Client Agriculture and Forestry
KKR & Co Inc Parent Company Education and Health owns Envision Healthcare Corp Client Education and Health
KKR & Co LP Parent Company Agriculture and Forestry owns Upfield Nederland BV Client Agriculture and Forestry
L'Arche Green NV Parent Company Agriculture and Forestry owns Heineken International BV Client Agriculture and Forestry
Latour Capital SAS Parent Company Construction owns Sogetrel SA Client Construction
Limagrain SCA Parent Company Agriculture and Forestry owns VILMORIN & CIE SA Client Agriculture and Forestry
Mayroy SA Parent Company Education and Health owns Ipsen SA Client Education and Health
MBWS Parent Company Agriculture and Forestry owns Marie Brizard et Roger Intl SA Client Agriculture and Forestry
Montagu Private Equity LLP Parent Company Education and Health owns Laboratoires Arkopharma SA Client Education and Health
Montagu Private Equity LLP Parent Company Agriculture and Forestry owns St Hubert SASU Client Agriculture and Forestry
Nidda Healthcare GmbH Parent Company Education and Health owns STADA Arzneimittel AG Client Education and Health
Ontario Teachers' Psn Plan Brd Parent Company Communications owns MapleCo Client Communications
Orpar SA Parent Company Agriculture and Forestry owns Remy Cointreau SA Client Agriculture and Forestry
PAI Partners SAS Parent Company Education and Health owns Ethypharm SA Client Education and Health
PAI Partners SAS Parent Company Construction owns M Group Services Ltd Client Construction
Perceva Capital SAS Parent Company Agriculture and Forestry owns Furic Maree Ocealliance SAS Client Agriculture and Forestry
Permira Holdings Ltd Parent Company Education and Health owns Cambrex Corp Client Education and Health
Rolls-Royce Holdings PLC Parent Company Construction owns Rolls-Royce PLC Client Construction
Sequana SA Parent Company Agriculture and Forestry owns Antalis International SA Client Agriculture and Forestry
Spherea Test & Svcs SAS SPV Parent Company Construction owns Spherea Test & Services SAS Client Construction
SPIE SA SPV Parent Company Construction owns Spie SA Client Construction
Thai Beverage PCL Parent Company Construction owns Walker Corp Pty Ltd Client Construction
The Carlyle Group Inc Parent Company Construction owns Jfk Intl Airport Terminal One Client Construction
The Carlyle Group LP Parent Company Agriculture and Forestry owns Arctic Glacier Inc Client Agriculture and Forestry
Triskalia SCA Parent Company Agriculture and Forestry owns Eureden SAS Client Agriculture and Forestry
Union Invivo USCA Parent Company Agriculture and Forestry owns Invivo Grp Client Agriculture and Forestry
Volkswagen AG Parent Company Construction owns Traton SE Client Construction
Votorantim SA Parent Company Construction owns Votorantim Cimentos SA Client Construction
Weinberg Capital Partners SAS Parent Company Construction owns Financiere Climater SAS Client Construction
WH Group Ltd Parent Company Agriculture and Forestry owns Smithfield Foods Inc Client Agriculture and Forestry
Woodbridge Co Ltd Parent Company Communications owns Refinitiv Client Communications
Yinson Holdings Bhd Parent Company Construction owns Yinson Prodn (W Africa) Pte Client Construction

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.
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 CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/ CONTACTS SG Equipment Finance S.A. Arrendamento Mercantil Ademir de Araujo +55 11 2666 2281 ademir.araujo@sgef.com.br Alameda Rio Negro, 500 - 20th floor - Tower B - Barueri - SP - Brazil

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