RISE CAT (IFC-609047)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Turkiye
Geographic location where the impacts of the investment may be experienced.
Specific Location
Central Asia and Türkiye
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
Approved
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
Aug 16, 2024
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
ÇimSA Çimento Sanayi ve Ticaret A.S
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Industry and Trade
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.81 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)
$ 0.81 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 Sep 28, 2025

Disclosed by Bank Jun 26, 2025

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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’s website, the RISE platform will employ IFC's proven ESG and climate advisory tools to develop customized solutions for clients in Central Asia and Türkiye. The project will focus on enhancing clients' ESG frameworks and policies through firm-level advisory services aimed at improving corporate ESG standards and addressing specific ESG aspects like resource efficiency, industrial decarbonization, and green buildings.

The "Responsible Investing Support in Emerging Economies" (RISE) platform is designed to tackle economic and environmental issues in Central Asia and Türkiye by offering integrated ESG (Environmental, Social, and Governance) and climate advisory services to clients. The platform aims to enhance internal ESG and climate strategies, improve corporate governance, and environmental and social practices, thereby unlocking sustainable financing and investment opportunities. By leveraging the expertise of the International Finance Corporation (IFC), the platform seeks to boost ESG performance, sustainability, and competitiveness, contributing to the Sustainable Development Goals (SDGs) and the Paris Agreement. The initiative is expected to have a significant development impact by supporting up to 10 client engagements over three years, promoting a more inclusive and sustainable economic model in the region.

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

Estimated Total Budget: $810,000.00 (Project budget includes all project-funded activities)

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.

Cimsa Cimento Sanayi ve Ticaret A.S. is incorporated in Turkiye in 1972. The Company produces and sells cement, clinker, ready-mix concrete, and other construction materials. Cimsa conducts its production activities in three cement plants located in Mersin, Eskisehir and Afyonkarahisar in Turkiye. With an aim to become a global player, Cimsa established a subsidiary, Sabanci Building Solutions BV, in 2020 in the Netherlands in partnership with its parent company Sabanci Holding. Through Sabanci Building Solutions BV, Cimsa (i) acquired a white cement factory in Bunol, Spain in 2021 and (ii) established a white cement grinding facility in the US, several terminals in Europe (i.e., Germany, Italy, and Spain) and a sales company in the UK.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Cimsa Cimento Sanayi ve Ticaret A.S. 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.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

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

How it works

How it works