Adidas completes green bond offer
Adidas has announced the successful placement of its first sustainability bond, whose offer was more than five times oversubscribed. The €500 million bond carries a 0.00 percent coupon and has a duration of eight years. It is divided into five equal tranches and will be listed on the Luxembourg Stock ...
More firms switch to rail to send goods to and from China, but….
A train loaded with Lenzing fibers, which left Vienna, Austria, on Aug. 20, reached its destination, the Xinzhu station in Xi’an, China, after only 16 days. The train, which carried 41 containers of Tencel™ Lyocell and Modal fibers with a total value of €1.8 million, covered a total of 10,460 ...
Ecco and others donate bicycles in developing countries
As part of the company’s corporate responsibility program, the Danish shoe brand is donating bicycles to children in Vietnam. While this is just one of Ecco's aid projects - others include donating school supplies to schools in Thailand or funding mobile libraries in Indonesia - it is a great example ...
Intersport Germany publishes 2018-19 CSR report
With the publication of its third CSR report, Intersport Deutschland has confirmed its long-term sustainability orientation. The first report in 2014/15 was the result of the so-called “Heilbronn Declaration,” in which Intersport, together with other companies from the Heilbronn-Franken region where the company headquarters are located, agreed on responsible and ...
Lanxess sells organic leather chemicals business, launches Adiprene Green
The German specialty chemicals company Lanxess is selling its organic leather chemicals business to TFL Ledertechnik. The purchase price is made up from a fixed component of €80 million and a performance-related component of up to €115 million. In addition, TFL will assume certain liabilities associated with the business. Lanxess ...
Macron posts 15.6% sales growth and moves to a new green HQ.
Macron, the Italian specialist in team sports jerseys, posted consolidated revenues of €113.1 million in 2019, which represented a 15.6 percent increase as compared to the previous year and the third consecutive year of double-digit sales growth. Ebitda rose by 16 percent to €15 million. The Italian sportswear company, based ...