04 August 2021
Through a $12 million loan, Proparco will support the growth of a job-creating company committed to the well-being of its employees, women empowerment as well as the sustainable use of resources.
Proparco is the private sector financing arm of Agence Française de Développement Group (AFD Group). It has been promoting sustainable economic, social and environmental development for over 40 years. Proparco provides funding and support to both businesses and financial institutions in Africa, Asia, Latin America and the Middle-East. Its action focuses on the key development sectors: infrastructure, mainly for renewable energies, agribusiness, financial institutions, health and education.
We believe our sustainable growth measures are pivotal to our strong performance and reputation over recent years across geographies and products. While we pursue our growth strategies, we focus on implementing robust environmental conscious practices and are committed to operating our business in a sustainable manner. We intend to continuously work to reduce our carbon footprint, increase energy efficiency, reduce water consumption and reduce material usage. Also, we believe our focus on employee care and various initiatives of employee welfare led to a high satisfactory rate among our employees and thus increased productivity. We believe, as one of the early-movers who taps into the strength of sustainable practices, we will strive to stay ahead of the competition in the apparel manufacturing industry.
We are transparent about and remain accountable for our sustainability performance. Hence, we make known our sustainability targets and publish our corporate sustainability reports annually to summarise the many sustainable actions and achievements taking place across the Company.
Leading Star (Asia) Holdings Limited (“the Company”) and its subsidiaries (“the Group”) foster the close relationship of the corporate sustainability with the society and the environment. The Group is not only committed to complying to the international and buyer’s standards, and is also highly concerned with environmental protection, community involvement and participation, and has incorporated the sustainability into the corporate strategy planning and daily operation for effective fulfilment of corporate social responsibility.
Furthermore, in recent years the Group has been investing heavily in human capital and advanced automation equipment for enhancement of manufacturing processes, collaborating with customers in new product development and strengthening talent development and training, bringing substantial and steady profit to its shareholders.