The PVH Foundation is joining the Fashion Climate Fund (FCF) as the newest lead funder with a $10 million contribution over eight years. The Fund is led by the Apparel Impact Institute (AII), of which PVH is a founding member.
- The PVH Foundation’s contribution to the FCF will support supply chain improvements; these include transitioning to renewable electricity, improving energy efficiency, eliminating coal in manufacturing, scaling sustainable materials and practices, and accelerating next-generation materials.
- In the coming months, AII will continue to deploy funding into supplier carbon target-setting and prioritisation projects, Clean By Design efficiency programmes, and renewable energy pilots, and build the “use of funds” strategy for 2023, while it convenes more partners into this Fund and grows strategic relationships with investment capital, both commercial lending and private equity, looking toward the $2 billion capital unlock.
- As part of Climate Week NYC 2022, PVH’s Corporate Responsibility team will discuss the Fund and the foundation's progress in driving climate action at the Nest Summit Campus.
- The official event partner of Climate Week, the summit’s mission is to convene leaders to share sustainability best practices and highlight actionable solutions.
What they said:
Our company purpose, to power brands that drive fashion forward for good, is at the core of our multiyear growth plan and has guided us for many years. We know that collaboration and funding are critical to driving solutions that address the fashion industry’s contributions to climate change and are proud to be supporting the Fashion Climate Fund in this work.
— Stefan Larsson
Chief Executive Officer
PVH Corp
The leadership shown by PVH Corp, a long-time partner to AII, represents a big step forward in our work to tackle fashion’s supply chain emissions. The PVH Foundation is helping to fuel the Fashion Climate Fund’s unique grant-making engine to accelerate proven programs, solutions, and innovations into the supply chain to lower carbon emissions.
— Lewis Perkins
President
Apparel Impact Institute
The Fashion Climate Fund: The Fashion Climate Fund is strategically designed to leverage industry treasury and philanthropic funds to execute foundational supply chain improvements; these include transitioning to renewable electricity, improving energy efficiency, eliminating coal in manufacturing, scaling sustainable materials and practices, and accelerating next-generation materials.
