Viterra Agriculture

Location:

Ukraine

Project number:

42852

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Target board date:

17 Jan 2012

Status:

Cancelled

PSD disclosed:

01 Dec 2011

Translated version of this PSD: Ukrainian

Project Description

The EBRD is considering providing a working capital loan to Viterra Ukraine, a subsidiary of Viterra Inc, Canada for the procurement of agricultural commodities.

Transition Impact

The expansion of operations of an international reputable player such as Viterra in Ukraine is expected to contribute significantly to backward and forward linkages (and associated skills transfers) and the demonstration of new replicable behaviour/activities.

The Client

Viterra Inc. is a global agri-business headquartered in Canada and holds a strong market position as an originator and exporter of key agricultural commodities. The Company’s traditional regions of operations are North America and Australia. Viterra also has a network of international grain marketing offices in Asia, Europe and North America and is a relatively new player in the Eastern Europe.

EBRD Finance

US$ 30 million

Environmental Impact

The Project has been categorised B in accordance with the EBRD Environmental and Social Policy 2008. No significant adverse environmental and/or social impacts are expected in association with the use of working capital for the procurement of agricultural commodities.

Environmental and social due diligence (ESDD) has been undertaken by the Bank’s Environment and Sustainability Department based on a review of all available information, a, review of corporate management systems and interviews with the Company’s representatives.

A review of the Company’s corporate management system showed that it has well established integrated EHS management systems that have been developed in line with good international practice and are implemented throughout their operations. Coordination, oversight and monitoring functions provided by the Corporate Centre seek to ensure consistency of approach and management of key EHS issues for new projects and operational activities.

The Company’s due diligence and risk assessment processes already cover most of EBRD’s PRs. The Company has demonstrated its commitment to implement the Project to applicable national, high international environmental standards and EBRD's PR6 in relation to the potential use of GMOs.

An Environmental and Social Action Plan (ESAP) has been developed and agreed with the Company to ensure that the Company is in compliance with national regulations and the Bank’s PRs.

The Bank will monitor the projects and the Company’s environmental and social performance and implementation of the ESAPs through annual E&S reports.

Technical Cooperation

None.

Company Contact

Grant Theaker
Vice President & Treasurer

E-mail: Grant.Theaker@viterra.ca
Phone: + 1 403.718.6260
Fax: + 1 403.817.1099

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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Text of the PIP

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The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.