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Puma Offers Financial Incentives to Improve Suppliers’ Environmental Management

Sports company Puma and European bank BNP Paribas have teamed up to offer a supplier financing program to Puma suppliers that improve their environmental, health and safety and social performance. Supply chain financing allows a large corporation to provide attractive financing options to its suppliers, which benefit from the corporation’s … Read more »

Levi's

Levi’s, IFC Incentivize EHS Standards

Levi Strauss & Co is working with International Finance Corporation, a member of the World Bank Group, to provide financial incentives for garment suppliers in developing countries to upgrade environmental, health, safety and labor standards. IFC’s Global Trade Supplier Finance program adopts tiered pricing of short-term financing for garment suppliers … Read more »

Banking Industry Should Address Climate Risk, Report Says

The banking industry has not successfully integrated climate change risk into its long-term strategic planning, or understood the implications for its business operations, according to a report by Boston Common Asset Management. The report, Financing Climate Change: Carbon Risk in the Banking Sector, warns investors may unwittingly be investing in … Read more »

Coalition Backs Natural Capital Framework

The Natural Capital Coalition — a multi-stakeholder coalition whose business signatories include Coca Cola, Kingfisher and Dow Chemical — is seeking to create a framework to standardize how the economic value of natural resources is accounted for and valued. The Natural Capital Protocol is supported by, among others, the United Nations Environment Programme, the World Bank’s International Finance Corporation, and … Read more »