×
89 984
Fashion Jobs
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time - ny 59th st
Permanent · NEW YORK
ULTA BEAUTY, INC.
Portfolio Manager IT
Permanent · Bolingbrook
MACY'S
Asset Protection Detective, South Shore Plaza - Full Time
Permanent · Braintree
ABERCROMBIE AND FITCH CO.
Asset Protection Agent
Permanent · San Francisco
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
SAKS
2nd Shift Asset Protection Associate
Permanent · LA VERGNE
SAKS
2nd Shift Inventory Control Processor
Permanent · LA VERGNE
FABLETICS
Art Director - Yitty
Permanent ·
UNDER ARMOUR
Stock Teammate, Part-Time 5:00 am Tuesday - Saturday Shift, Starting Pay $15.25 Per Hour
Permanent · SAN DIEGO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - Sherman Oaks
Permanent · LOS ANGELES
MACY'S
Asset Protection Detective, Roosevelt - Full Time
Permanent · Philadelphia
MACY'S
Retail Cosmetics Stock - Estee Lauder, Flushing - Full Time
Permanent · New York
MACY'S
Asset Protection Officer, Bailey Road - Full Time (3840)
Permanent · North Jackson
KOHLS
Financial Analyst
Permanent · Menomonee Falls
GAP
General Manager - Glendale Galleria
Permanent · Glendale
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Northpark Center - Part Time
Permanent · Dallas
MACY'S
Asset Protection Detective, Manhattan Beach - Full Time
Permanent · Manhattan Beach
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Dadeland
Permanent · Miami
AESOP
Part Time Retail Consultant | Seaport
Permanent · Boston
KOHLS
Distribution Center Operations Manager
Permanent · Patterson
PAUL SMITH
Sales Supervisor- Wooster Street
Permanent · NEW YORK
Published
May 6, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Joules adds ESG targets to finance deal

Published
May 6, 2021

In a further sign of how important environmental, social, and governance-linked (ESG) issues are these days, lifestyle retailer Joules has announced a renewal of its funding deal with a strong ESG element included.


Joules/Center Parcs



The company said it has extended its current funding arrangements with Barclays Bank that include a £25 million revolving credit facility and £9 million term loan, to September 2024. And it has converted the facility to an ESG-linked financing arrangement.

The new agreement links the margin on the facility with the retailer’s performance against three Sustainability Performance Targets (SPTs) that are aligned with its ESG focus areas. 

It means the company will benefit from a lower interest rate loan margin if it delivers on targets such as reducing its carbon emission intensity; using 100% more sustainable materials in the manufacturing of its products; and increasing its employee engagement score.

The firm will report its progress against each of these targets alongside the publication of its annual results every year.

And it said the new arrangement reflects its strong commitment to operating responsibly and sustainably “to the benefit of its employees, communities, and the environment”.

CEO March Dench added that the new finance deal "further enhances the group's robust financial position and, importantly, further aligns Joules' sustainability commitments, which are central to our business purposes, to the group's long-term financial strategy and performance.

“With growth comes responsibility. The decision to link this financing to our ESG focus areas reflects the group's stated commitments to create value for all stakeholders by reducing its environmental footprint and positively impacting the people we work with, the communities we're based in, and the world around us.”

Copyright © 2022 FashionNetwork.com All rights reserved.