SA Usina Coruripe Acucar e Alcool (FMO-65516)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
uninformed
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
  • Netherlands Development Finance Company (FMO)
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
A
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
Jan 23, 2026
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
Usina Coruripe Acucar e Alcool
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 30.00 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.
Loan Amount (USD)
$ 30.00 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.
Project Cost (USD)
$ 30.00 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 @ FMO website

Updated in EWS Feb 19, 2026

Disclosed by Bank Oct 13, 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.

WHO IS OUR CUSTOMER?

Usina Coruripe Acucar e Alcool S.A. ("Coruripe") is a Brazilian agribusiness company founded in 1925, operating five industrial plants in Alagoas and Minas Gerais and its own railway terminal. It is one of Brazil's top 10 sugar and ethanol producers, with a milling capacity of 17 million tons of sugarcane per year. The company employs around 8,000 people.

WHAT IS OUR FUNDING OBJECTIVE?

The purpose of the FMO funding is to finance recurring agricultural CAPEX associated with Bonsucro-certified sugarcane production. This debt facility is a club deal with Proparco being the arranger.

WHY DO WE FUND THIS INVESTMENT?

Through this financing, FMO supports Coruripe with long-term funding that is not available from commercial banks in Brazil. The facility is labelled 100% Green, as FMO's investment proceeds are allocated exclusively to Bonsucro-certified sugarcane plantations.

WHAT IS THE ENVIRONMENTAL AND SOCIAL CATEGORIZATION RATIONALE?

The E&S performance focus of this proposed investment is mainly on the agricultural supply chain related to biodiversity and labor. Both risks are contextual risks in the supply chain of the sector, with expansion leading to deforestation and human rights challenges such as forced labor, health and safety, and working conditions, which become more relevant due to extreme temperatures caused by climate change. Based on these risks, the investment in Usina Coruripe is an E&S category A, with potentially significant adverse environmental or social risks and/or impacts that are diverse, irreversible, or unprecedented. The company addresses these risks by certifying its own agricultural production under Bonsucro, a compliance agreement with sugarcane suppliers and monthly inspections of health & safety and sanitary conditions of their plantations, among other things. The applicable IFC Performance Standards (PSs) for this investment are PS1 (Assessment and Management of Environmental and Social Risks and Impacts), PS2 (Labor and Working Conditions), PS3 (Resource Efficiency and Pollution Prevention), PS4 (Community Health, Safety and Security), and PS6 (Biodiversity and Sustainable Management of Living Natural Resources). These PSs are triggered due to the nature and areas of the operations and sourcing of the company. PS5 (Land Acquisition and Involuntary Resettlement) and PS8 (Cultural Heritage) are not relevant now in the areas the company is operating and/or sourcing. PS7 is not triggered as no Indigenous Peoples were identified within the activities of the company or their suppliers. Note that all investments are managed in accordance with the IFC PSs, and an Environmental & Social Action Plan (ESAP) is part of the agreement.

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

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.

FMO

 

ACCESS TO INFORMATION

As part of FMO’s ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl.

 

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism.



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