According to its 2022 Corporate Responsibility report, American clothing company PVH Corp. undertook a first-ever examination of climate risk scenarios and improved carbon accounting capabilities. It utilized and supported the usage of renewable energy sources to provide 60% of the power for owned and operated facilities. The business established its own goals for reducing greenhouse gas emissions and worked with suppliers to create action plans to meet those goals.
According to a press release from PVH, its PVH+ Plan, which aims to make Calvin Klein and Tommy Hilfiger the most coveted lifestyle brands in the world and elevate PVH to one of the top brand groups in the apparel industry, places an increasing emphasis on the long-term Forward Fashion corporate responsibility strategy.
Additionally, PVH introduced its first program for financing a sustainable supply chain, which offers suppliers better financing terms based on their sustainability performance.
The PVH Foundation committed $10 million to the Fashion Climate Fund of the Apparel Impact Institute to support suppliers’ switch to renewable electricity, increase energy efficiency, stop using coal in manufacturing, and expand the use of sustainable materials.
To increase job security in the fashion sector, the Pakistan Accord, which would expand legally binding agreements between fashion businesses and international trade unions, was signed. In addition to the work being done in Tunisia, Vietnam, India, and Sri Lanka, a five-year, $5 million collaboration in Bangladesh was also established to offer professional and life skills development programs to 100,000 women.
To improve retention and growth, PVH tested its first-ever global mentorship program with women, associates of varied racial and ethnic backgrounds, and other underrepresented groups. Additionally, to foster a more inclusive culture, all people managers were expected to incorporate an inclusion and diversity (I&D) leadership goal as part of their performance and development process.
Programs totaling $1.37 million were financed by the PVH Foundation to address underrepresented communities’ lack of knowledge and access to opportunities in the fashion industry.
“The strides we’ve achieved in 2022 to speed up climate action, enhance human rights, and promote inclusiveness and diversity are encouraging. Rick Relinger, chief sustainability officer of PVH Corp., stated, “While we’re happy with the impact we’ve made thus far, we’re focused on the challenging work ahead to deliver on our long-term Forward Fashion goal.
