Retail

PVH Announces Sustainability Progress In Corporate Responsibility Report

PVH Releases Corporate Responsibility Report

As it aims to keep expanding upon its commitment to transparency and accountability, PVH Corp. released its 2019 annual Corporate Responsibility (CR) Report. The company, whose brand portfolio includes Calvin Klein and IZOD, said the report was published during the pandemic and the movement against social inequality and systemic racism per an announcement.

“While the apparel industry will be uniquely transformed post-pandemic, we have a responsibility to help shape this ‘new normal’ for the benefit of all stakeholders,” PVH Corp. Chairman and CEO Manny Chirico said in the announcement. “We are steadfast in our commitments to prioritize climate action, to build tighter, more resilient supply chains, to fight for social justice, and to deliver more sustainable products to our consumers.”

PVH said it has sourced roughly half of its cotton footprint in a sustainable fashion — a metric that is halfway to its goal of sustainability sourcing all of its cotton by 2025. It also held programming via the Apparel Impact Institute to cut down on the environmental footprint of its suppliers that are the biggest energy users, started its partnership with forest non-government organization (NGO) Canopy and put its forest protection policy into place.

The company also ran waste audits to help provide information for its inaugural worldwide waste baselining effort and target its course toward having no waste for its distribution centers, stores and offices by the close of the decade. It also said it had attained approval from the Science Based Target initiative for its absolute greenhouse gas emission (CHG) emission reduction goals.

In separate PVH news, returned merchandise now faces quarantine. Chirico said per a past report that customer returns would be set aside for a few days. “When goods are returned, we basically put goods in quarantine for 48 to 72 hours. We provide a cleaning to those goods before they go back onto the floor,” he said per reports in May.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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