IFC $100m green finance deal for Epic Group

Share
Share

HONG KONG – The International Finance Corporation (IFC) is providing global apparel supplier, the Epic Group, with a $100 million green finance partnership to support sustainable manufacturing in Bangladesh and India.

IFC, part of the World Bank Group, is providing Epic with the debt financing package – in the form of a $70 million sustainability-linked loan and a $30 million green loan – which is linked to reducing greenhouse gas (GHG) emission intensity and freshwater use.

HONG KONG – The International Finance Corporation (IFC) is providing global apparel supplier, the Epic Group, with a $100 million green finance partnership to support sustainable manufacturing in Bangladesh and India.

IFC, part of the World Bank Group, is providing Epic with the debt financing package – in the form of a $70 million sustainability-linked loan and a $30 million green loan – which is linked to reducing greenhouse gas (GHG) emission intensity and freshwater use.

Newsletter

Read our top news stories delivered straight to your inbox.

Share

Recommended

Latest Magazine

Features
Why China’s new wastewater standard is only one part of a broader shift spanning environmental law
As Brussels switches on its product passport registry, fashion’s supply chain data gaps threaten a bumpy rollout
As green claims face closer regulatory scrutiny liability no longer sits solely with the brands
News
Preview of our Textile Standards & Legislation Guide
China’s strengthened rules make officials personally accountable for serious environmental damage
New process to strip reactive dyes from cotton could benefit textile-to-textile recycling
Opinion
European factory closures show costs, geography and demand decide which materials survive

Other publications from MCL News & Media

Scroll to Top
Logo

Our free newsletter showcases the very best of our journalism, delivered to you twice a week

Advertising
With Us

Help to support the purpose-led work of our team of journalists, international correspondents, and partners – and expose your product or service to our global readership.

Subscribe to our magazine today and receive exclusive online content

Subscribe