Scandagra Expansion



Project number:


Business sector:


Notice type:


Approval date:

08 Dec 2021



PSD disclosed:

09 Sep 2021

Project Description

Provision of a EUR 30 million long-term loan to Scandagra Group A.B. ("Scandagra" or the "company"), a leading agribusiness trader and inputs supplier to farmers in Lithuania, Latvia and Estonia.

Project Objectives

The EBRD funding will be used to finance part of Scandagra's working capital needs.

Transition Impact

ETI score: 60

Transition impact of the project is expected to stem from the Green transition quality. The EBRD financing will support Scandagra expanding and promoting organic and sustainable agricultural practices.

Client Information


Scandagra Group is an agribusiness trader and supplier to farmers in Lithuania, Latvia and Estonia, offering agricultural solutions from purchasing, warehousing, drying and cleaning of both conventional and organic grain, to fertilizer packaging and consulting services. The company is a joint venture of two Scandinavian agribusiness cooperatives - Lantmannen ek. ("Lantmannen"), a Swedish cooperative, and Dansk Landbrugs Grovvareselskab a.m.b.a. (DLG), a Danish cooperative. 

Lantmannen is an agricultural cooperative and a leader in agriculture, machinery, bioenergy and food products in northern Europe. The cooperative is owned by 25,000 Swedish farmers.

DLG is an agricultural cooperative and a leader in agriculture, nutrition, animal feed and energy sectors in northern Europe. The cooperative is owned by 26,000 Danish farmers.

EBRD Finance Summary

EUR 30,000,000.00

Total Project Cost

EUR 30,000,000.00


EBRD offers a tenor which is longer than available to the client in the market on reasonable terms and conditions. The Bank's participation in the company's debt portfolio will help to diversify its lender base (currently working with only two local commercial banks). The Bank's non-financial additionality is also expected to stem from planned TC support to promote sustainable agriculture by enabling farmers in the Baltic states to be able to start measuring their environmental impact and develop improvement strategies.

Environmental and Social Summary

Categorised B (ESP 2019).  The trading of agricultural commodities and the provision of agricultural inputs is not associated with significant environmental or social issues. Scandagra is a trader of grain in Estonia, Latvia and Lithuania and as a supplier of farming inputs to over 6000 local farmers. Scandagra is engaged in sourcing and distributing of fertilisers, seeds and crop protection products, which are provided in the form of pre-financing to farmers. Inputs are sourced from leading regional and global suppliers. 

The Company has sufficient E&S systems and policies in place to comply with the Bank's PRs.  The proceeds of the Loan will be used for working capital financing of the Scandagra Group operations in the Baltic Countries all of which are governed by EU law. The Company have confirmed that their operations are subject to regular assessment and monitoring by the relevant environmental, health, safety and labour authorities and have further confirmed that the Company is in compliance with the required regulations and laws.  Responsibility for environmental, health and safety issues is managed at both the Group level and at the level of individual subsidiaries where there are designated managers for environmental, labour, health and safety and supply chain issues.  Selected facilities are certified to internationally recognised management systems such as ISO 9001 and 14001 although this is done on a needs basis depending on activities and the associated risks.  When necessary, external consultants are retained to provide advice to the Company on management of issues and changes that may result from legislative amendments.

Human resource issues are again managed at the Group and individual facility level.  The Company has a modern and progressive approach to management of HR and is in a constant process of reviewing and updating its HR policies and procedures to meet best practice.  The Company undertakes an annual Employee Engagement and Effectiveness Survey and results are reported back to employees and improvement plans agreed as necessary. Health and safety is likewise managed in accordance with national legal requirements and external consultants are utilised to undertake risks assessments and agree action plans and safety instructions as necessary.

The Company will be required to report to the Bank on an annual basis on the implementation of the PRs.

Technical Cooperation and Grant Financing

The Bank is investigating the potential to support the client on the development of innovative sustainability and climate change initiatives in its operations and supply chain. The final scope of the technical assistance assignment and budget will be defined during due diligence.

Company Contact Information

Aleksandr Perekatov
+370 694 54 019
Ukmerges g. 283, LT - 06313, Vilnius

PSD last updated

09 Sep 2021

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.


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