ESG

Gousto finalises new share placing

Gousto has announced that following a successful primary fundraise in January, it has completed a $230m (£171m) secondary placement, led by SoftBank VF2 and introduces Fidelity International, Grosvenor Food and AgTech and Railpen to its share register. Following the recent announcement of a $100m (£74m) primary investment in a fundraise…

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Retailers cancel £7.1bn in contracts over ethical concerns

UK retailers cancelled £7.1bn in contracts over the last 12 months over concerns about suppliers meeting “stringent” ethical and sustainable standards, new research from Barclays reveals.  The latest report from Barclays Corporate Banking, ‘Reshaping retail: how ethics and sustainability are changing retail’s ecosystem’, found that the pandemic and an increasing…

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Prada appoints two new independent non-executive directors

Prada has announced the appointment of Pamela Culpepper and Anna Maria Rugarli as independent non-executive directors, taking the board up to a total of 11 members. Culpepper and Rugarli were reportedly selected for their professional background in ESG and in accordance with the Diversity Policy of the board of directors. …

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Tesco agrees partnership with Alcumus

Tesco has partnered with Alcumus, a business aimed at providing software-led management solutions for managing health, safety and ESG. Alcumus said it will provide Tesco with a “fully integrated, digital technology platform that will bring together operational and risk management information, processes and workflows, allowing the growing multinational business to…

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Burberry signs £300m sustainability linked loan

Burberry has refinanced its Revolving Credit Facility (RCF) to a £300m sustainability linked loan, coordinated by Lloyds Bank. The luxury brand said the facility is linked to the achievement of key ESG targets as part of the company’s ambition to become Climate Positive by 2040. This includes accelerating emissions reductions…

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UK logistics space falls to ‘record low’, report finds

Logistics and industrial space across the UK has fallen to a “record low”, with demand rising amid the 16.1 sq ft already taken in Q3, according to new data from Cushman and Wakefield.  It found that 48.9m sq ft was taken so far this year, with 2021 on track to…

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Boohoo appoints sustainability expert to board

Boohoo has appointed sustainability expert Kirsty Britz to its board as the latest non-executive director, with effect from today (4 October). She will become a member of the audit and risk committees on appointment. The online retail giant said her appointment brings additional expertise to the board, particularly in areas…

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Asos announces plans to meet ESG goals by 2030

Asos has announced the launch of its “fashion with integrity” (FWI) 2030 programme, a plan aimed at ensuring it meets its ESG goals by 2030.  The plan includes a commitment to achieve net zero across the full value chain by 2030.  The online retailer said the FWI 2030 programme is…

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Abercrombie announces ESG senior VP appointment

Global apparel and accessories retailer Abercrombie and Fitch Co has announced the appointment of Michael Lopez as senior VP for environmental, social, and governance (ESG). In what is a newly created role at the firm, Lopez will be tasked with leading Abercrombie’s sustainability, community giving, inclusion, and diversity initiatives. Lopez…

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Morrisons accepts £7bn offer from CD&R

Morrisons has revealed it has accepted a new £7bn offer from US private equity firm Clayton, Dubilier and Rice (CD&R). In a statement, the big four grocer revealed it had accepted the deal which values the business at 285p per share, an increase of 13p per Morrisons Share and £332m…

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