Danper, Sustainable Agribusiness in Northern Peru
Peru has emerged as one of the world’s most important exporters of non-traditional agricultural products like asparagus, artichokes, and increasingly of grapes and avocados. The non-traditional agriculture sector is an important generator of local employment and export revenues accounting for approximately 8% of exports in 2013.
Danper Trujillo is a leading Peruvian agro-industrial company that produces, processes and exports non-traditional agricultural products to markets in the U.S., Europe and Asia. Danper is one of the few companies in Peru that has obtained the SA8000 social accountability certification, an international standard for workplace quality and ongoing commitment to corporate social responsibility (CSR) activities and inclusive and sustainable business practices.
Danper approached the IDB to help increase its competitiveness in the region.
In 2014, the IDB approved a corporate loan for $38.5 million to enhance Danper’s continued business growth by supporting agricultural and industrial investments, as well as improve the company’s financial structure.
Beyond providing long-term financing, the IDB is supporting Danper with two technical cooperation grants to conduct an energy efficiency evaluation and a social impact assessment of Danper’s CSR activities in line with international best practices.
Through this project, Danper will develop 562 hectares of asparagus and avocado, and invest in agricultural infrastructure and industrial facilities. This financing will allow Danper to expand, support job creation, and promote sustainability across the company’s value chain, which includes 257 small and medium farmers.
The energy efficiency technical cooperation and the social impact assessment provided by the IDB will allow Danper to evaluate the feasibility of implementing energy efficiency measures in its industrial facilities, as well as propose a strategy for evolving Danper’s corporate social responsibility strategic objectives in line with international best practices.