📋 Tender Overview
Project Number
48923
Company Name
NATURASOL SA DE CV
Date ESRS Disclosed
Mar 21, 2025
Country
Mexico
Region
Latin America and the Caribbean
Last Updated Date
Environmental Category
B
Status
Pending Approval
Sector
Other Food
Industry
Agribusiness and Forestry
Department
Regional Industry MAS LAC & EUR
Project Description
The proposed IFC investment is a loan of up to US$30 million to Grupo Naturasol (Naturasol or the Company) (https://www.naturasol.com.mx/), involved in the production and sale of food products, including honey, nuts, cereals, potatoes and corn. The use of proceeds will finance new production lines related to the current expansion of the group’s potato and corn processing businesses.
Naturasol operates three processing plants, and an R&D center focused on producing innovative products. All three facilities are located in industrial zones in Tepotzotlán, State of Mexico, and comprise (i) a production plant for peanuts and other nuts (currently holding the potato and corn lines), (ii) another for cereal bars and creams, and (iii) the Mielmex honey plant. The use of proceeds will be invested at Naturasol’s peanuts and other nuts’ facility. A new production plant will be rented nearby the Company’s locations, and the potato and corn processing operations will migrate to it in 2025.
Overview of IFC's Scope of Review
IFC E&S review of the proposed investment included (i) meetings in January 2024 with Naturasol management team (Sustainability/Environment and Occupational Health and Safety (EHS), and Human Resource (HR)), (ii) site visit of Naturasol’s seed and bars plants and (iii) review of E&S documents and information provided, including Naturasol’s sustainable strategy, environmental, occupational health and safety (EHS) / Human Resources (HR) policies and E&S manual of procedures and protocols, such as emergency preparedness and response plans, water, energy, waste, and hazardous management plans, Code of Ethics and Conduct, human rights, no child labor and gender equity policy, and worker grievance mechanism system, environmental permits and Terms and Conditions (T&Cs), including monitoring reports for air emissions, water intake/discharge, and noise levels, supply chain management protocols, including guidelines for evaluation and selection of third-party suppliers, audits reports issued by Sedex Members Ethical Trade Audit and FSSC 22000 Global Standards certifiers, and employee contracts and salary payment slips.
