Puig Receives € 200 Million Sustainable Development Loan – WWD



PARIS – Puig continues to strengthen its commitment to green space, most recently with the first € 200 million sustainable development loan from Banco Sabadell.

European luxury brands such as Richemont, Burberry and Chanel, banks and investors are creating a garden of medium-term bonds, loans and revolving loans linked to specific sustainable development goals to attract the attention of a new generation of investors; add value to your business; fulfill the requirements of the ESG and (just as important) help save the planet.

Brands are also under pressure to catch up with other industries such as energy and automotive, food and beverage, to make their mark on sustainability.

PuigThe Sustainable Financing Operation links its margin to the change in two environmental indicators: the volume of direct and indirect emissions generated by consumed and purchased electricity.

Puig has been moving towards a more sustainable business model since 2013.

“In 2020, while we have plunged into one of the most challenging contexts of recent times due to the medical and economic crisis caused by COVID-19, we have successfully completed our first sustainability program,” said Mark Puig, Chief Executive Officer director Puig. statement.

“We are preparing for a new and ambitious roadmap that will build on the strengthening and continual improvement of the five strategic pillars, as well as the integration of the most important international certifications and commitments.”

Over the past seven years, Puig has reduced its carbon footprint by 55% while maintaining a healthy business. The group has four zero-carbon factories that use renewable energy sources and other environmental protection measures.

“Over the past seven years, Puig has also consistently pursued the goal of ‘zero waste in landfills’ at its four manufacturing sites and two headquarters by reusing, recycling and sending waste for energy recovery,” the company said.

“This operation fits perfectly with our determined approach to supporting our clients in their contribution to a better future for all,” said Cesar Gonzalez-Bueno, CEO of Banco Sabadell.

In the first half of 2021, the bank provided more than € 3.62 billion in sustainable finance, plus over € 300 million in environmental finance and approximately € 1.85 billion in social loans.

Puig, with 2020 sales of € 1.54 billion, sells products in 150 countries and operates 26 subsidiaries.

The beauty and fashion division includes its own brands. Carolina Herrera, Nina Ricci, Paco Rabanne, Jean Paul Gaultier, Dries Van Noten, Penhanligon’s and L’Artisan Parfumeur, as well as Christian Louboutin and Comme des Garçons licenses. The group’s lifestyle fragrances include Adolfo Dominquez, Antonio Banderas, Shakira and Benetton.

Puig also has a prestigious cosmetics division with the Charlotte Tilbury brand and a dermis division with the Apivita, Uriage and Isdin brands.

For more information see:

Puig profits, sales drop in 2020 due to pandemic

Bankers, Investors, and Consumers Tell Brands: “Go Greener or Go Home”

The cycle is the way forward, says Richemont in its sustainability paper


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