MADRID – Zara owner Inditex and the International Finance Corporation (IFC) are backing a fund offering suppliers long-term loans for cleaner textile production.
Inditex has committed US$50m and the IFC up to US$60m to the Decarbonization of Textile, Apparel and Footwear Suppliers Fund, known as D-TAFS. Managed by Social Investment Managers & Advisors (SIMA), the initiative aims to raise up to US$400m.
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