Project detail - AGROVISION PERU SAC

Who is our customer

Agrovision is a vertically integrated company that produces, packages, and distributes wholesale high nutrient foods (blueberry, asparagus, avocado, and grapes mostly), with operations in Northern Peru, but which have now extended to Mexico and Morocco.

What is our funding objective?

Agrovision has, until recently, managed its sustainability aspects in an ‘intuitive’ manner, with company focus on the social aspects of the organisation, a highly professional H&S department, and environmental aspects managed by a third party. Although this arrangement has been effective for the Peruvian operations, the company recognised that, if they want to become a global front runner in Sustainability, they need to increase their capacity in H&S and E&S management. FMO advised Agrovision on how to define the Sustainability Strategy, in a way that could be consistent across global operations. Given that the center of operations is going to be Peru, the preferred approach is to have consultants with experience in international sustainability standards to evaluate Agrovision’s existing capacities, and support them for at least one year in the transition to a strong, systematic, highly functional H&S and E&S management operation. Agrovision reached out to several consultants that could support them in this route, and decided to approach it by getting support from the consultant that is currently managing the environmental aspects (La Selva, a local consultant involved in the development of the ESMS, as well as implementation of the management system), together with SGS, who would be in charge of increasing the capacities at the technical level, and undertaking an assessment of gaps. FMO will be providing additional technical support, templates, documentation, and provide oversight during this assessment.

Why do we fund this investment?

Agrovision is expanding rapidly and have been very proactive in adopting those practices that FMO has requested, in order to be more sustainable (for example, they have acquired AWS certification). Nevertheless, at their management level FMO sees an opportunity to further enhance the management of the operations in a professional manner, especially in terms of social support. Agrovision wants to be a leader in sustainable agricultural production, and we see that they need good guidance to grow orderly in this manner.

More investments

Date	Total FMO financing
9/30/2020	EUR 0.08 MLN
4/22/2020	USD 15.00 MLN