Green fashion victims

Prada shoes fashion from Adobe 15Nov19 230x150
By Mike Turner
14 Nov 2019

It has been another week of firsts in the still nascent sustainability-linked financing world, but some of the targets lenders are agreeing with their borrowers for cheaper loans seem to have little to do with sustainability.

Italian fashion house Prada has signed what it called the first sustainability-linked loan for the luxury goods industry. This is a positive step for an industry that is famously wasteful — think of UK fashion brand Burberry admitting last year to burning unsold goods to "protect its brand".

Lender ...

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