NEW YORK – Fashion conglomerate PVH Corp, which owns the Tommy Hilfiger and Calvin Klein brands, has partnered with HSBC to launch a supply chain financing programme that it’s hoped will accelerate the uptake of ‘sustainable’ environmental and social practices within its network.
Research from HSBC and Boston Consulting Group (BCG) estimates that global supply chains will require US$100 trillion in investment by 2050 if they’re to achieve net zero emissions.
“The availability of accessible financing is pivotal to ensuring our suppliers are empowered to invest back into their businesses and people, and contribute to our collective goal of creating an innovative and responsible global supply chain,” said Sarah Clarke, PVH’s chief supply chain officer.
