The Prada S.p.A. has agreed a new Environmental Social Governance (ESG) loan with Mizuho, one of the leading Japanese banks. This is Prada’s second use of sustainability-linked funding, following the ESG agreement it signed last year with Crédit Agricole, which saw it become the first group in the luxury industry to adopt this approach. ESG loans are granted on the condition that specific targets are achieved, including the number of stores with LEED Gold or Platinum certification, the number of hours of training provided for employees and the use of regenerated nylon in the brands’ collections. The two loans are also a recognition of the Group’s commitment to sustainability and the central role it occupies in its overall business strategy.
Environmental Social Governance Loan with Mizuho Bank
