Sao Manoel (IFC-40264)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
São Manoel, 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
USINA ACUCAREIRA S. MANOEL S.A
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Energy
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)
$ 42.00 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)
$ 42.00 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.
Bank Documents
Media Documents
Campaign Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 26, 2018

Disclosed by Bank Apr 11, 2018

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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, the proposed investment consists of a US$42.0 million A/B loan that will finance (i) the climate friendly upgrade of existing equipment to improve energy efficiency; (ii) capex to renew around 5,600 hectares, expand 4,000 hectares of sugarcane and implement agri-smart techniques to increase the lifespan and the productivity of the plantations; (iv) investments in social programs; and (v) investments to upgrade and replace existing machinery.

Usina Açucareira S. Manoel S/A (“Sao Manoel” or the “Company”) is a medium-size sugar and ethanol producer in Brazil, with just over 2,100 direct employees. Founded in 1949, Sao Manoel is located in the Municipality of Sao Manuel, in the central region of Sao Paulo State. The sugar cane plantations are located within five neighboring municipalities, covering approximately 46,500 hectares, typically located within 23 km from the mill. The Sao Manoel facility can crush 4.3 million tons of sugarcane a year and, as of FY16/17, produced 225,000 tons of sugar, 128,000 m3 of ethanol and 3,750 tons of inactive dry yeast.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Copersucar SA Parent Company -
- - - - Usina Açucareira São Manoel SA 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.

The company uses a number of channels to communicate with external stakeholders. Through the company’s website, www.saomanoel.com.br/contato, e-mails can be sent to various departments.

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/

How it works

How it works