CRX Markets has partnered with EcoVadis to integrate its sustainability ratings into its platform. The deal will allow funders to assess corporate sustainability in based on Ecovadis data and and offer appropriate financing rates.
CRX Markets launched what was claimed as the first Sustainable Supply Chain Finance (SSCF) transaction in the DACH region with its client, Nestlé, in April 2020. Since then it claims to have arranged close to half a billion dollars in financing through the programme.
Frank Lutz, CEO of CRX Markets, said the firm sees, 'A high demand from companies to map ESG criteria also in working capital finance. This is not just a trend but will become an integral part of any corporate financing.'
At EcoVadis, communications and marketing director David McClintock added, 'By combining our Sustainability Ratings with CRX Markets Platform, together we can deliver the integration and automation required to bring powerful financial incentives for companies to improve their sustainability performance, and drive positive impact at global scale.'
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