Crédit Agricole Italia has arranged a 10 million euro loan to Davines SpA, the leading company in the beauty sector with a strong focus on ESG issues, for the purchase of a property that will allow for better logistics management.
The financing, which is in line with the attention of the Crédit Agricole Group and Davines towards
issues relating to environmental protection, is combined with a pricing reduction mechanism,
connected to the achievement of some sustainability objectives including the reduction of emissions
CO2 for the entire duration of the operation.
Italian company of professional hair care products founded in 1983 in Parma, Davines
Today it is an international group present in over 90 countries around the world with the two Davines brands for
haircare and [comfort zone] for skincare. The Davines Group has been committed to the
creation of sustainable products through the use of high quality natural raw materials and
recyclable packaging. Sustainability plays a central role in the business model of the company which has been a
Benefit, with the ambitious goal of becoming 'net zero emissions' by 2050 at the latest. The Group
Davines has been a B Corp since 2016 and in 2023 it obtained its third certification with a score
of 123,5, recording an improvement compared to the two previous certifications of 2016 and 2020
and confirming its commitment to sustainability and the transition towards a growth model
regenerative. In addition to the Davines Group Village, headquarters and production plant in Parma,
The company has eight offices worldwide, in New York, London, Paris, Mexico City, Deventer (Netherlands),
Shanghai, Düsseldorf and Hong Kong.
“This operation confirms Crédit Agricole Italia's desire to support companies that
stand out for their commitment to sustainability contexts – says Marco Perocchi, Head of
Corporate Banking Management of Crédit Agricole Italia – The agreement signed with Davines, with which
we share values and strong attention to environmental issues, highlights one of the main characteristics
of our corporate strategy.”
“Over the last 20 years Davines has integrated sustainability into its growth strategy and today
we focus on a regenerative business model. For our Group, beauty is not limited
in excellent formulas but it is also ethical and sustainable. To the point that today sustainability is for Davines
a competitive factor and an integral part of our distinctive positioning.
We therefore fully share Crédit Agricole's attention to environmental issues and the concrete and rewarding approach of this financing, which allows us to complete the expansion project of our headquarters in Parma. After having purchased a historic building adjacent to the Davines Village in Parma to expand the spaces dedicated to offices and production, we have invested in strengthening the production capacity of our plant. Now we will have a new building that will become the
our new logistics center,” commented Andrea Mussi, CFO of the Davines Group.
