PVH launches supplier finance program tied to sustainability goals

May 5, 2023 EcoVadis EN


PVH, owner of Calvin Klein and Tommy Hilfiger, recently teamed up with Standard Chartered Bank to create a new financing program for suppliers tied to the apparel company’s sustainability goals.
Under the program, PVH suppliers can finance day-to-day operations through a facility benchmarked to PVH’s metrics on environmental and social goals. Suppliers that meet certain standards can get discounted financing.
Suppliers will be benchmarked on metrics around PVH’s environmental goals as well as those related to health, safety, forced labor, child labor and harassment and abuse at their manufacturing sites.


Read the full article at: www.supplychaindive.com

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EcoVadis EN

EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. We offer a full range of solutions including IQ-Plus Risk & Compliance Management, EcoVadis Ratings, and Carbon Action Module for Scope 3 Decarbonization. Key features like 360/Live News Monitoring, Academy E-learning and Corrective action plans help companies comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 250 industries in 185 countries.

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