PVH launches supplier finance program tied to sustainability goals

May 5, 2023 EcoVadis ‏‏‎

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 ‏‏‎

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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