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The global fashion business journal

Nov 16, 20193:17am

Spanish Camper follows the steps of Prada: signs an agreement with Bbva for its green goals

The Spanish footwear company has formalized a new revolving line of credit for the development of a type of footwear with ecological awareness that minimizes the environmental impact.

Nov 7, 2019 — 4:57pm
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Spanish Camper follows the steps of Prada: signs an agreement with Bbva for its green goals

 

 

Camper follows in the footsteps of Prada and gets financing for its green goals. The Spanish footwear company has formalized a new revolving line of credit for the development of a type of footwear with ecological awareness that minimizes the environmental impact.

 

The agreement, made in line with the Sustainability Linked Loan Principles of the Loan Market Association, is linked to the evolution of the ESG parameters (Envionmental, Social and Governance). In this way, if there are improvements over your initial sustainability assessment, the interest rate of the loan is reduced.

 

Camper follows in the footsteps of Prada, which signed an agreement this week with the Credit Agricole Group to obtain fifty million euros in five years adjusted to the sustainability achievements of the Italian company.

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