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Stock impact report

Why It's So Hard to Track the Fashion Industry's Emissions [BNN Bloomberg (Canada)]

PVH Corp. (PVH) 
Last pvh corp. earnings: 4/1 04:15 pm Check Earnings Report
US:NYSE Investor Relations: pvh.com/investor-relations
Company Research Source: BNN Bloomberg
Cotton, for example, is grown on farms and then spun into yarn in factories largely found across the Global South. The fibers are sent to textile makers, who turn them into fabric used to make clothes. The clothes are shipped to apparel retailers, who sell them to consumers in stores and online. The exact number of steps in the process depends on the company and the product, but the overall gist is the same: Behind any piece of clothing you buy is a complex supply chain, almost every link of which involves emitting greenhouse gasses into the atmosphere. Behind that supply chain, though, is a carbon-accounting mess. Take PVH Corp., the US-based company that owns Tommy Hilfiger and Calvin Klein. In detailed reporting last year, PVH disclosed its emissions for 2017/18 (its “base year”) as well as 2021/22 and 2022/23. The numbers seem to indicate an impressive 47% drop in emissions between the base year and 2022/23. But a closer look reveals what actually happened: PVH changed how it Show less Read more
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