IFC partners with Li & Fung, LFX and Air8 to support SME growth and digitalization

In June, Air8 embarked on a strategic partnership with the International Finance Corporation (IFC) to enhance supply chain sustainability. With the support of LFX and Li & Fung, this alliance represents a major leap towards a greener and more responsible supply chain.

Back Row: Riccardo Puliti, Regional Vice President for Asia and the Pacific at IFC; Kim-See Lim, Regional Director for East Asia and the Pacific at IFC; and Dr. Victor Fung, Honorary Chairman of Li & Fung and Chairman of Fung Investments. Front Row: Carsten Mueller, Regional Industry Director, Manufacturing, Agribusiness and Services, Asia and the Pacific at IFC, and Ed Lam, Board Executive Director of Li & Fung and CEO of LFX.

This partnership features a $75 million credit facility with an environmental and social (E&S) focus, designed to enable funding for qualified suppliers, fostering a more sustainable supply chain, accelerating SME growth and supply chain digitalization.

This strategic alliance underscores our dedication to sustainability and our goal to empower SME suppliers in emerging markets. By prioritizing environmental and social excellence, we aim to inspire widespread adoption of sustainable practices across the industry.
 
Discover more about this impactful partnership by reading the press release here.