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Damasceno Wines Setúbal
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Damasceno Wines Setúbal

Treasury loan to Portuguese wine producer.
Investment overview
Impact category
agrifood_systems
Investment type
loan
Yearly interest
4
%
Term
12
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
A
D
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Description
Impact
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Promoter

What will you be financing?

The history of Vinhos Damasceno begins in 1870 in the town of Poceirão, Palmela with the birth of Domingos Damasceno de Carvalho, who would later name the wines.

In 2013, the first harvest of bottled wine under the IGP (Protected Geographical Indication) and DO (Name of Origin Denomination).

Currently, the company operates in their three properties with 25 hectares of vineyards between Palmela and Pegões, in the region of the Setúbal Peninsula. 2021 will be an important year as the company will start exploring another 20 hectares, to acquire them on a lease basis, in order to increase grape production for the production of common wines and, consequently, increase its turnover.

All production is done in an integrated production regime, based on good agricultural practices and the rational management of natural resources.

The company produces about 300 tons of grape, of which only 30% is used for its own production, with the surplus grapes being sold to other wine producers, the most relevant being Casa Ermelinda Freitas.

What is the impact?

Sustainable production

  • All production is carried out in an integrated production regime; the agricultural production system is based on good agricultural practices, with rational management of natural resources and privileging the use of natural regulation mechanisms in place of production factors, contributing, thus, to sustainable agriculture. The company Certis is responsible for the annual audit and issuance of the respective certificate.
  • Only approved/certified products that respect the standards imposed by the Ministry of Agriculture in environmental terms are used.
  • Preservation and improvement of soil fertility and biodiversity, through the use of humidity control sensors, to minimize water consumption and avoid water stress in the vineyards.

Gender equality promotion

70% of the workforce consists of women and the sole manager is a woman.

Sustainable job promotion

Due to a strong seasonal component characterizing this activity, during periods with less workload, the promoter encourages the professional training of his employees regarding agricultural management, handling, and application of products, organic production, etc.

Local development

The promoter employs two people with a permanent contract. On top of this, five other people have been working for the family for more than 30 years, now. Despite providing services to the promoter, they are employed by another local wine producer. This way, synergies are created. Finally, they have a "pool" of people hired for the manual pruning and harvest.

Impact indicators

CO2 avoided per year
clean energy
created by our projects
34
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About Adega Cooperativa Cantanhede

Sustainable production

  • All production is carried out in an integrated production regime; the agricultural production system is based on good agricultural practices, with rational management of natural resources and privileging the use of natural regulation mechanisms in place of production factors, contributing, thus, to sustainable agriculture. The company Certis is responsible for the annual audit and issuance of the respective certificate.
  • Only approved/certified products that respect the standards imposed by the Ministry of Agriculture in environmental terms are used.
  • Preservation and improvement of soil fertility and biodiversity, through the use of humidity control sensors, to minimize water consumption and avoid water stress in the vineyards.

Gender equality promotion

70% of the workforce consists of women and the sole manager is a woman.

Sustainable job promotion

Due to a strong seasonal component characterizing this activity, during periods with less workload, the promoter encourages the professional training of his employees regarding agricultural management, handling, and application of products, organic production, etc.

Local development

The promoter employs two people with a permanent contract. On top of this, five other people have been working for the family for more than 30 years, now. Despite providing services to the promoter, they are employed by another local wine producer. This way, synergies are created. Finally, they have a "pool" of people hired for the manual pruning and harvest.

Promoter website

http://www.vinhosdamasceno.pt/

Business Model

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2500000

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