Gencau Amazon (IFC-49346)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
State of Pará, State of Bahia, State of São Paulo
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
B
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."
Borrower
Gencau Sao Paulo -Industria e Comercio de Ingredientes Alimenticios Ltda
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
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.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 29, 2024

Disclosed by Bank Jul 9, 2024

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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 IFC investment is an equity investment in Gencau Sao Paulo Indústria e Comércio de Ingrediente Alimentícios Ltda. (“Gencau” or the “Company”) to support its growth in northern Brazil by (i) increasing its cocoa bean sourcing in the states of Para and Bahia and (ii) expanding its processing capacity at its three cocoa processing facilities in Medicilandia (state of Para), Ibirapitanga (state of Bahia) and Tambau (state of Sao Paulo) (the “Project”). Gencau is a cocoa processing company established in 2019 which focuses on supplying traceable, sustainable, and high-quality cocoa products to chocolate makers. The plants in Medicilandia and Tambau have been commissioned in 2019 while the Ibirapitanga plant will be operational in late 2024. This project offers to deepen a strategic sustainable partnership with a reputable cocoa producer in the Amazon Biome.  

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

Contact Information
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IFC

 

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

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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How it works