SUCAFINA HOLDING S.A.
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Sucafina is a multinational coffee merchant, founded in 1977 and based in Geneva, Switzerland. The company is active across the coffee value chain ranging from farming to roasting and has the vision to be the "Leading sustainable farm to roaster coffee company in the world” by 2025.
What is our funding objective?
Implementation of Sucafina’s updated Human Rights policies and practices, and support to its risk mapping process to ensure it includes a strong human rights element. The project will include: 1. review of Sucafina’s Human Rights policies and procedures 2. support on including human rights in the risk mapping process 3. training to improve relevant teams’ understanding of Human Rights issues 4. creating a toolkit to help identify and address human rights in the supply chain (incl testing in 2 countries) 5. improve Sucafina’s monitoring and evaluation process to measure the impact of their programme with producers
Why do we fund this investment?
This project contributes to the ambitions and strategic themes of the E&S facility within the AFW team, as well as to the risk management of this client, whilst it goes beyond what is considered standard E&S risk management requirements. This initiative is linked to Sucafina’s 2030 sustainability ambitions and strategy, as well as to FMO’s AFW E&S focus for increased PS 2 and 6 related risk mitigation in clients’ supply chain. The project will support the client with improvement of its global risk mappings through applying a human rights lens on its supply chain management. It will be implemented by Save the Children, one of the leading NGOs working on human and labour rights. We believe that this project will lift Sucafina beyond compliance and towards making positive impacts on workers and broader communities in their chains, which will help them improving their social license to operate, whilst it will also be an interesting exercise for FMO to gain insight on what measures and practical recommendations Save the Children will deliver towards Sucafina to ensure a strong human rights element in their business approach.
More investments
| Date | Total FMO financing |
|---|---|
| 9/3/2020 | EUR 0.10 MLN |
| 7/10/2020 | USD 17.00 MLN |
| 12/19/2019 | EUR 0.18 MLN |
| 8/24/2022 | EUR 0.06 MLN |
| 4/21/2022 | EUR 0.23 MLN |
| 3/2/2022 | USD 10.00 MLN |
- Country
- Global
- Sector
- Agribusiness, Food & Water
- Effective date
- 11/7/2022
- Total FMO financing
- EUR 0.03 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+