BOX C.3
(continued)
assistance to these independent dairy producers to improve productivity and sanitary standards and to disseminate best practices. • Environmental and social benefits: The client is the first company in Ecuador to achieve Rainforest Alliance certification in all its banana plantations; its forestry plantations are certified with the Smartwood seal (Forest Stewardship Council), and it has more than 1,000 hectares with the EuroGap seal. • Community contributions: The company’s foundation has focused on the improvement of the educational system in rural areas. It supports economically disadvantaged students, provides quality educational programs, and contributes toward the educational infrastructure. It supports 3,100 elementary students in a network of 33 public and public schools (only 26 percent of the children have parents working in the company). It supplies shoes, cofinances textbooks, and provides breakfast. Training materials developed by the foundation are shared with NGOs and the public sector. Capacity building is provided to municipal governments and county boards for the enforcement of children’s rights. Source: IEG. a. Earnings before interest, taxes, depreciation, and amortization.
BOX C.4
IFCCREATING A MARKET FOR SMALLSCALE SUGAR FARMERS IN INDIA
• IFC invested $15 million to help a client expand one of its existing sugar mills and build two new ones in the state of Uttar Pradesh in India. The total project cost was estimated at $105 million. It has increased the number of farmers selling to the client by 46,000. • In addition, IFC is providing advisory services to enhance sugarcane productivity in the company’s catchment area around its four sugar plants in Central Uttar Pradesh. The advisory project has the potential to impact 200,000 sugarcane farmers who are directly linked with the company’s sugar operations. • The increase in sugarcane productivity in the catchment area is critical to making its operations sustainable, so that it can optimally use its installed crushing capacity and sell at competitive prices. Source: IEG.
Appendix C: Identification of Subsector Portfolios
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