Inditex Commits to New Fund Targeting Supply Chain Emissions

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The D-TAFS Fund, created by the World Bank Group, will have up to 400 million dollars (about 357.36 million euros) of which 50 million dollars (44.6 million euros) will come from the Spanish firm

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The transformation of the textile industry already has a new financial lever. Inditex wants to be part of this process that seeks a sustainable boost for the companies that have the most problems to address this new reality at the economic level.In particular, Social Investment Managers & Advisors (SIMA) and the International Finance Corporation (IFC), an organization integrated into the World Bank Group, have launched a fund of up to 400 millio…

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Social Investment Managers & Advisors LLC (SIMA) and the International Finance Corporation (IFC), part of the World Bank Group, launch the vehicle

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Inditex (Zara) announces this Tuesday, November 10, invest 50 million euros in a fund dedicated to the decarbonization of the textile sector, launched by the World Bank. Reportage at the Turkish industrial Re&Up: supported in its financing by Proparco, a subsidiary of the French Development Agency, it has filed 330 patents to allow the recycling of the most complex fabrics.

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Inditex is a co-investor in a fund that will increase access to financing for textile producers in emerging markets. The vehicle will help stimulate investments aimed at reducing the industry's environmental impact.