London 29 September 2025,– Pepco Group N.V. (“Pepco” and, together with its subsidiaries, “Pepco Group” or the “Group”), a leading pan-European variety discount retailer is pleased to announce that Sustainable Fitch has provided a Second-party Opinion on Pepco’s Sustainable Finance Framework.
In its assessment, Sustainable Fitch confirmed that the framework is aligned with the ICMA Green Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines, as well as the Green Loan and Social Loan Principles developed by the LMA, LSTA, and APLMA. The opinion rated the framework’s overall alignment as “Good.”
This recognition reflects Pepco’s commitment to credible, transparent sustainable financing, and demonstrates Sustainable Fitch’s role in ensuring best practice standards are upheld across the market.
Pepco operates across 18 European countries under the Pepco and Dealz brands. The company manages 4,276 stores and maintains a vertically integrated sourcing entity, Pepco Global Sourcing, which provides product sourcing and development services for over 75% of the group’s general merchandise and clothing offerings.
As one of Europe’s fast-growing clothing and homeware discounters, Pepco is embedding sustainability into how they operate and plan for the long term—anchored in care, responsibility, and future-readiness. Led by their core values — Care for our people, Be at our best, Love our customers — they guide this integrated transformation that shapes their decisions across product design, supply chain, operations, and employee experience.
The framework outlines four use of proceeds categories: environmentally sustainable management of living natural resources and land use, renewable energy, green buildings (commercial), and socioeconomic advancement and empowerment. Eligible projects include environmentally preferred textiles certified by third-party standards such as Better Cotton, bundled renewable energy credits from solar and wind power, energy-efficient buildings, and ethically sourced textiles certified under the Fairtrade Textile Standard.
We are proud, Willem Eelman, CFO of Pepco Group said, that Sustainable Fitch has assessed our project evaluation and selection practices as ‘Excellent’, recognizing the role of our dedicated sustainable finance working group in overseeing a streamlined process. Our management of proceeds was rated ‘Good’, reflecting our commitment to internally tracking allocations and managing unallocated funds as liquidity in line with market practice.
Through this framework, we expect our eligible projects to contribute to UN SDGs 7, 8, 9, and 12. It also supports our sustainability strategy, including our targets to reduce Scopes 1 and 2 emissions by 50% and to increase certified cotton in our own-brand products to at least 30% by 2030.
For more details on the SPO and Sustainable Fitch : www.sustainablefitch.com
ABOUT Pepco Group N.V
Pepco Group is a leading pan-European variety discount retailer, operating under the Pepco and Dealz brands. Through its core Pepco stores, the Group offers customers a wide range of clothing, homeware, and other products at affordable prices, serving millions of customers, especially families on a budget every week. Pepco Group trades on the Warsaw Stock Exchange market WSE: PCO. www.pepcogroup.com
Investor Relations, Pepco Group
investorrelations@pepcogroup.eu
Media, Pepco Group