Prada has signed a five-year “sustainability term loan” worth €50 million with Crédit Agricole Group, reportedly the first deal of its kind in the luxury industry. Upon the terms of the agreement, the Italian fashion house will see its interest rates decrease on an annual basis if it achieves certain agreed-upon eco-friendly objectives. These include: having employees meet certain training-hour goals; using an adequate quantity of sustainable nylon substitute Re-Nylon; and getting a given number of Prada stores to receive Leed (Leadership in Energy and Environmental Design) gold or platinum certifications.