The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Mango Inks Green Loan Deal

Rachel Deeley

19 April 2022

The high-street retailer has refinanced its debt and secured a €200 million ($216 million) loan managed by CaixaBank, the cost of which will reduce if it hits sustainability milestones by 2025. These include sustainably sourced or recycled fibres for 100 percent of its cotton, polyester and tree-derived fibres like viscose, and a 10 percent reduction in carbon emissions from the company’s owned and operated facilities.

This is the first time Mango has linked its debt to environmental, social and governance (ESG) factors. It joins other fashion giants including H&M, Chanel and Adidas in issuing debts tied to sustainability commitments.

Learn more:

Fashion Goes Green to Raise Capital

The likes of Chanel, Adidas and H&M are landing funds based on potential environmental, social and governance impact, relying on sustainability targets to secure both public and investor goodwill.

In This Article

Topics

Sustainability

Organisations

Mango

Better Cotton to Expand Due Diligence After Brazil Deforestation Investigation

Fashion’s biggest sustainable cotton certifier said it found no evidence of non-compliance at farms covered by its standard, but acknowledged weaknesses in its monitoring approach.

Chanel’s Latest Legal Battleground: Upcycling

As they move to protect their intellectual property, big brands are coming into conflict with a growing class of up-and-coming designers working with refashioned designer gear.

Fashion’s Virgin Plastic Problem

The industry needs to ditch its reliance on fossil-fuel-based materials like polyester in order to meet climate targets, according to a new report from Textile Exchange.

Are H&M and Zara Harming Forests in Brazil?

Cotton linked to environmental and human rights abuses in Brazil is leaking into the supply chains of major fashion brands, a new investigation has found, prompting Zara-owner Inditex to send a scathing rebuke to the industry’s biggest sustainable cotton certifier.