Industry and Services
Supporting the environmental, social and governance (ESG) objectives of industry players
Focus on the cement and textile industries
PROPARCO encourages responsible players that launch a process to improve their environmental, social and governance practices. We support local industry players that wish to progress towards best practices. We systematically demand that the players we finance improve their standards by implementing action plans defined by environmental, social and governance (ESG) specialists. These plans are based on the performance standards defined by IFC, the world reference for development institutions.
The support to these industrial enterprises makes it possible to develop sectors in these countries. It also builds local expertise and creates value for the country to ensure its industrial independence, a major issue that has come to the fore during Covid-19.
By selecting high-impact projects, PROPARCO’s objective is to upgrade the entire industrial sector. It achieves this by demonstrating that environmental and social (E&S) requirements and economic profitability are not only compatible, but also prerequisites for resilience to external crises (climate, social…) and value creation for the company of the future.
PROPARCO has a portfolio of more than EUR 200m of outstanding loans in the industrial sector, particularly in building materials, textiles, consumer goods and capital goods (2022 data)