Prada Signs Sustainability Loan

The Loan: €50 million over 5 years. Interest rates adjusted annually if sustainability targets achieved. 

The Sustainability Targets:

• # of stores with LEED Gold or Platinum certifications 
• employee sustainability training hours
• increased use of the company’s sustainable nylon substitute 

Prada’s Motivation: In combination with other sustainability initiatives, Prada hopes to demonstrate to customers that sustainability is key to their business.

Trend. Sustainability Loans: The sustainability-linked loan market has grown from $5 billion in 2017 to $40 billion in 2018, and is expected to grow as consumer and company awareness grows.

Vogue Business | Prada is first in industry to sign sustainability-linked loan