Germany

Global athletic company PUMA has partnered with the International Finance Corporation (IFC) to launch a new financing program aimed at incentivizing supplier improvements in social, environmental, and safety standards. The program works by offering low-cost financing to facilities that score high in PUMA’s supplier rating system that measures adherence to the company’s social and environmental standards. PUMA executives hope the program will help boost the levels of social compliance within their supply chain. (Sustainable Brands)