Beginning in February 2026, the project will work with at least 75 farmers to convert agricultural waste from the upcoming cotton harvest into biochar, a charcoal-like material that enhances soil health and can lock carbon in the ground for more than a century.
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The report forecasts the strongest regional growth in Asia‑Pacific and the Middle East & Africa, with projected CAGRs of 4.4% and 7.1% respectively, driven by accelerating urbanisation, rising health awareness and an expanding middle class.
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Under the new deal, reporting and due-diligence rules under the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD) will be scaled back.
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The company now has "a new and secure financing facility until 2028 with no cash interest servicing costs, a reduced store base with increased profitability per store, and a significantly reduced administration and distribution cost base."
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The appointment comes as the fashion chain advances its wider transformation programme, which includes optimising its store network and deepening digital integration.
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Sustainability
Team Group, GAIN launch nutrition initiative for garment workers under SWAPNO project
Under SWAPNO, a Fair Price Shop will be set up inside the factory to provide workers with quality food at affordable rates. The project also includes structured nutrition learning sessions to promote healthier dietary practices and support both daily well-being and long-term health.
