Puma to help suppliers in emerging markets
15/04/2016
Suppliers will undergo an audit to check if they adhere to Puma‘s standards in these areas and those that perform well will be rewarded with varying levels of short-term working capital. The scheme will initially apply to suppliers in Bangladesh, Cambodia, China, Indonesia, Pakistan and Vietnam.
“This financing programme enables our suppliers to leverage their relationship with us and benefit from Puma's strong reputation and financial position," said Lars Soerensen, Puma’s chief operating officer. "This is the first programme in our company that rewards a supplier’s rating within Puma’s environmental and sustainability program through related fees."
Sergio Pimenta, IFC director of manufacturing, agribusiness and services added: “This agreement with Puma advances IFC’s efforts to encourage small and medium companies such as Puma’s suppliers to improve environmental and social sustainability while achieving strong financial results”.
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