Prada doubles down on sustainability linked loan commitments
Prada, the Italian fashion house, has made a return to the sustainability-linked loan market, becoming one of the few borrowers in Europe to sign a second deal that links the margin it pays to its sustainability performance.
The facility is a €90m five year loan from UniCredit. It has a margin linked to two key performance indicators.
These measure regeneration and reconversion of production waste and the share of self-produced renewable energy.Production waste has been reduced by the company already after “recent investments in the industrial ...