Rabo India (IFC-44172)

  • India
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 28, 2021
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.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
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, 2021

Disclosed by Bank May 28, 2021

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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.

According to the bank documents, the proposed investment consists of loan provided to Coöperatieve Rabobank U. A, Mumbai Branch (“CRUA MB” or the “Branch”), the sole Indian Branch of the Netherlands-based Coöperatieve Rabobank U. A (“Rabobank” or the “Bank”). The project will support new financing to climate smart agriculture (animal productivity, efficient irrigation, prevention of post-harvest losses etc.,) and renewable energy (primarily solar power projects) of CRUA MB and contribute to bridging the unmet market needs for financing climate mitigation activities such as CSA and RE in the country.                                                  

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.

The use of proceeds will be required to exclude higher risk activities that may include a) involuntary resettlement, b) risk of adverse impacts on Indigenous Peoples, c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage, or d) significant occupational health and safety risks. Hence, the E&S risk of the proposed project is medium, and the project is categorized as FI-2 according to IFC's Policy on Environmental and Social Sustainability.

The applicable performance requirements will be i) the IFC- FI Exclusion List; ii) the relevant national E&S laws and regulations; and iii) the IFC Performance Standards. The project will not support any coal-related activities.

At the group level, Rabobank has an existing sustainability policy, which is applied globally and includes a comprehensive exclusion list and set of core policies on environment, labour standards and human rights; theme and sector policies on land, indigenous people, biodiversity, animal welfare, forestry, livestock farming, fisheries, palm oil etc., (collectively 'sustainability policies'). Rabobank is also signatory to the Equator Principles. Accordingly, all project finance transactions are evaluated by external E&S consultants hired by the sub-borrowers and further reviewed by external consultants hired by Rabobank where Equator Principles apply. Corporate finance transactions are required to follow the sustainability policies. Rabobank has sustainability department which is involved in review of project and corporate loans and is empowered to reject proposals which do not meet its internal policies. This existing E&S risk review process and structure include screening, project categorization, due-diligence including additional expert review if needed, monitoring of the portfolio and use of external consultants for project finance due-diligence.

The existing policy and procedures are aligned with the project's applicable performance E&S requirements and will be applied to the project as well. Rabobank also has an external communications mechanism to receive concerns related to projects financed by Rabobank. Rabobank HR policies and practices are generally in line with IFC PS-2 requirements. Relevant business staff at CRUA MB will be required to maintain the E&S review structure led by sustainability team at Rabobank group level that will allow to screen out higher risk transactions, and provide annual E&S report related to the portfolio supported by this IFC project.

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.

The risks and impacts will be related to site specific occupational health & safety, emergency response, waste-water discharge and air emissions, labour and community issues and potentially land and biodiversity impacts depending on the nature and location of the project

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The proposed investment consists of a bullet A Loan of up to US$50 million with a tenor of up to 5 years to CRUA MB.

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.

Rabobank is a Dutch cooperative bank with a leading position in the domestic retail banking (in The Netherlands) and in the food and agribusiness markets worldwide. Coöperatieve Rabobank U. A, Mumbai Branch or CRUA MB deals with international wholesale banking activities with Indian clients as well as Dutch clients operating in India. The Branch provides the entire spectrum of fund and fee-based products services in India, focusing primarily on the Food and Agriculture and Renewable Energy sectors, drawing on its local resources as well as Rabobank's global network.   

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.

Coöperatieve Rabobank U. A, Mumbai Branch
Swapnil Dhotre
Head of Treasury
+91 22 2481 7800
20F, Tower A, Penninsula Business Park, Lower Parel, Mumbai 400013, Maharashtra, India.


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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

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