Esg news and archive
Hugo Boss secures syndicated loan with sustainability component
German luxury house Hugo Boss has announced it has obtained a revolving 600 million euro syndicated loan with a sustainability component, meaning the interest rate is linked to the fulfilment of defined sustainability criteria. The loan aims to provide the fashion group with financial flexibility to ensure the successful execution of its Claim 5...
Nov 25, 2021
ESG in fashion (2) : the EU framework on greenwashing in the fashion industry
Brussels – Whereas more than half of the EU consumer population is found to be receptive to green claims, only one-fifth appears to actually trust the sustainability claims made by brands. More and more, the market is realizing that “sustainability” is more than a buzzword and green claims should be substantiated by clear and transparent data....
Nov 5, 2021
ESG in fashion: a general overview of the EU framework on environment, social and governance criteria in the fashion industry
Brussels – More and more fashion companies are announcing programs with ambitious (some more than others) goals in relation to environmental, social and governance criteria. Recently ASOS launched its ‘Fashion with Integrity’ (FWI) 2030 programme, committing to achieve Net Zero across the full value chain by 2030. Also consumer demand is not...
Oct 14, 2021