Inditex strengthens its alliance with Caritas
The Galician group will contribute 8.5 million euros (94,58 million dollars) to the NGO to support social employment programs and boost the circular economy over the next three years.
Inditex strengthens its alliance with Caritas. The group's executive president, Pablo Isla, yesterday signed the extension of two of the collaboration agreements for the next three years with the president of the NGO, Manuel Breton.
The Galician company will contribute 8.5 million euros (94,58 million dollars) during that period to continue supporting the employment program for people of social exclusion from Cáritas and will continue promoting its project to collect textile products to be reused for solidarity or recycling purposes.
With the employment program, more than 2,500 people at risk of social exclusion in Spain have accessed jobs. Since 2011, Inditex has allocated 11.5 million euros (127,97 million dollars) to this project. With the extension signed today, Inditex will give five million euros (5,56 million dollars) until 2022 for this area.
On the other hand, Inditex will contribute 3.5 million euros (38,94 million dollars) to the collection of clothing and footwear used to use them for social purposes or reuse them. The new funds will be directed to the installation of 300 new containers for the collection of garments in streets of different cities of Spain and to improve the traceability systems of the process and promote the network of second-hand stores in Cáritas, called Fashion re-.
In the last three years, Inditex has allocated 3.5 million euros (38,94 million dollars) to this management project, which has enabled the creation and maintenance of more than 350 new jobs, the installation of more than 1,800 collection containers and the collection of more than 48,000 tons of garments. In addition, they have facilitated investments in the garment classification plants that Fashion retains located in Barcelona, Bilbao and Valencia.