This green loan programme is different from traditional banking solutions as it provides direct financing with “favourable terms” to suppliers for specific greenhouse gas (GHG) emission reduction activities approved by H&M Group. This enables suppliers to upgrade their factories to reduce carbon emissions.
DBS and fashion retailer H&M Group have launched a green loan programme to help the apparel sector decarbonise its supply chains
According to a Nov 27 press release, suppliers can access financing from DBS and technical support from sustainability consultant Guidehouse via the “collaborative finance tool”.
