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.
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