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 the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 175+ countries.

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