M& S
British multinational retailer, Marks & Spencer has signed an agreement for a new £850 million revolving credit facility tied to its net-zero aspirations.
The new facility is linked to M&S’s goal to achieve net-zero across its entire supply chain and products by 2040, after the reset of its Plan A plan in September.
M&S will benefit from a lower interest rate under the terms of its new facility if it meets milestones that are aligned with its net-zero roadmap.
To support M&S’s scope of three net-zero targets, the selected measures span the value supply chain.
As its sustainability coordinator, M&S collaborated with BNP Paribas. The Sustainability-Linked Loan Principles, released by the Loan Market Association in May 2021, outline how this facility should be structured.
The new revolving credit facility will be in effect until June 2025, replacing an old arrangement that was set to expire in April 2023.
Under Armour, Hohenstein and PPT Group, has introduced a standardised method to measure microfibre release from textiles during simulated washing…
The RISE for Impact project is collaborating with farmers in the cotton supply chain to promote decent work by integrating…
Cosmo First has unveiled its new range of Paint Protection Films designed to protect vehicle exteriors with advanced features ensuring…
Mellowdrama has launched its latest ready-to-wear collection, ‘AlterEgo,’ using repurposed fabric waste focusing on themes of individuality and self-expression.
DRDO, Indian Institute of Technology Delhi, and 10 companies have signed agreements to develop and produce advanced textile-based products for…
Milliken & Company has announced that it is the first textile manufacturer to provide non-PFAS materials for all three layers…