CNMI and UniCredit launch "Funding Sustainability"
Thanks to a 4-year agreement with Camera National della Moda Italiana, UniCredit has become recognized as the “fashion bank”, serving one of the key sectors of “Made in Italy” manufacturing and a symbol of our country’s excellence in the eyes of the world. Businesses in the Italian fashion industry have a strong vocation for exporting and internationalization: a major commitment for Unicredit Group is to help this sector rise to the new challenges that the global market is posing, especially in terms of internationalization and product innovation.
Camera National della Moda Italiana has launched a sustainability project designed to help its members align their "ethical behaviour" in terms of social sustainability with the highest levels fixed by world environmental associations, thereby going beyond national regulations. UniCredit is firmly committed on sustainability issues, as also shown by the publication of its sustainability report since 2007 and integrated report since 2014. In line with this commitment and in collaboration with Camera National della Moda Italiana, UniCredit is launching Funding Sustainability on the occasion of Fashion Week. It’s a service dedicated to businesses that manufacture for fashion labels who are CNMI members and will enable them to obtain medium- and long-term funding through the EIB for investments in such fields as production plant, systems to eliminate hazardous substances from the textiles production cycle, procurement of energy from "clean" sources and energy efficiency upgrading and eco-sustainable structural improvements to production sites, etc.
Also in collaboration with Camera National della Moda Italiana, the Bank has developed Fashion Lab, a programme providing acceleration and ongoing support for 17 emerging brands created by talents selected together with CNMI.
UniCredit’s relationship with the main players in the Italian fashion industry goes back to 2013 (UniCredit International for Fashion) and will continue till 2019 with a new Alliance for Fashion.