83 032
Fashion Jobs
ADIDAS
Project Manager - Global Team Sports
Permanent · PORTLAND
QVC
Security Shift Leader
Permanent · SUFFOLK
QVC
on Camera Talent Recruitment & Casting Partner
Permanent · WEST CHESTER
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Norwalk
Permanent · NORWALK
BELK
Store Fulfillment Associate - Full Time
Permanent · FRANKLIN
BELK
Asset Protection Lead - Full Time
Permanent · AUBURN
BELK
Store Fulfillment Associate - Full Time
Permanent · SAVANNAH
BELK
Store Fulfillment Associate - Part Time - Independence Mall
Permanent · WILMINGTON
BELK
Asset Protection Associate - Full Time
Permanent · ROCKY MOUNT
BELK
Store Fulfillment Associate - Part Time - Coastal Grand
Permanent · MYRTLE BEACH
BELK
Store Fulfillment Associate - Full Time - Bridgestreet
Permanent · HUNTSVILLE
BELK
Store Fulfillment Associate - Full Time
Permanent · TUPELO
BELK
Store Fulfillment Associate - Part Time
Permanent · SAVANNAH
BELK
Asset Protection Manager - Triangle
Permanent · RALEIGH
ALO YOGA
Construction Project Manager
Permanent · LOS ANGELES
SUN VALLEY
Sun Valley Marketing Manager
Permanent · SUN VALLEY
LULULEMON
Community Specialist | (Contract) Market Street The Woodlands
Permanent · THE WOODLANDS
LULULEMON
Community Specialist | Orlando Premium Outlet
Permanent · ORLANDO
LULULEMON
Full-Time Community Specialist | Cumberland Mall
Permanent · ATLANTA
FOSSIL
Dam/Dynamic Media Administrator
Permanent ·
KOHLS
Operations Supervisor - Weekend Days
Permanent · PLAINFIELD
KOHLS
Technical Project Manager
Permanent · MENOMONEE FALLS
Published
May 7, 2021
Reading time
2 minutes
Download
Download the article
Print
Text size

Body Shop owner Natura is latest to link financing to ethics

Published
May 7, 2021

Brazil’s Natura, the owner of The Body Shop, Aesop, and Avon brands, has become the latest company to raise funds that are conditional on the business reaching certain ethical/eco goals.


The Body Shop



The news comes hot on the heels of an announcement Thursday from lifestyle retailer Joules that its own new financing package is directly linked to it achieving key environmental, social and governance (ESG) targets.

More and more companies are making heavier commitments in ESG as their customers, their own staff and regulatory authorities in the countries in which they operate all prioritise ‘doing good’ at a business level.

Natura said it has completed an international fundraising round of $1 billion (£718 million) via bonds linked to sustainability goals with the money being used to refinance its debt and improve its capital structure.

The environmental performance goals include a reduction in greenhouse gas emission intensity by a further 13% on top of the reductions already happening. Also in the deal is the target for the company to use 25% of post-consumer recycled (PCR) plastic in its plastic product packaging. The company already has a major packaging circularity programme running as part of its Commitment to Life, Sustainability Vision 2030.

It’s no surprise that Natura has taken this step given that the company and the brands it has acquired over the years have all had a strong ethical and environmental profile from day one.

“The successful raising of $1 billion in bonds linked to sustainability targets is a milestone for Natura & Co and is the largest-ever single issuance by a Brazilian issuer,” executive chairman and CEO Roberto Marques said. “The strong demand for the securities is a recognition by the market of the group’s solid capacity to deliver social, environmental and financial results.

“Natura already has a long and consistent history of commitment to sustainability and is now taking a further step connecting and aligning financial and environmental targets.”

Copyright © 2024 FashionNetwork.com All rights reserved.