The bank helps companies implement programs that support sustainable production practices and create more resilient supply chains, and has launched similar finance solutions across Europe, the Americas, Africa, Asia and the Middle East. “Trade finance has the unique ability to engage and incentivize companies across supply chains and improve working and environmental standards,” he added. “We are extremely proud of the opportunity to expand upon our global supplier finance partnership with this initiative and support PVH’s Environmental, Social, and Governance (ESG) commitments,” Standard Chartered Bank’s head of Americas trade sales Joao Galvao said. In addition to accelerating the achievement of sustainable commitments, the program will promote healthy and safe working environments and tackle employment issues including harassment, abuse, forced labor and child labor. The program helps the firm’s suppliers benchmark their day-to-day operations against PVH social and environmental performance metrics, and qualify for discounted financing if they meet standards. Standard Chartered Bank announced that it will sign on as the Tommy Hilfiger and Calvin Klein parent company’s newest collaborator on the supplier finance program. added a new supply chain finance partner last week.
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