Pvh

Pvh's reported carbon emissions

In 2023, PVH Corp. reported total greenhouse gas emissions of approximately 2.29 billion kg CO2e. This figure includes Scope 1 emissions of about 9.3 million kg CO2e, Scope 2 emissions of approximately 28.5 million kg CO2e, and Scope 3 emissions of around 4.14 billion kg CO2e. The company has made significant strides in reducing its carbon footprint, achieving a 58% reduction in Scope 1 and 2 emissions across owned and operated facilities from a 2017 baseline by 2021. Looking ahead, PVH has set ambitious climate commitments, aiming for net-zero emissions by 2050. The company plans to reduce absolute Scope 1, 2, and 3 greenhouse gas emissions by 30% by 2030 from a 2017 base year. Additionally, PVH is targeting a 70% reduction in absolute Scope 1 and 2 emissions by 2030, using 2021 as the baseline year. For Scope 3 emissions, the goal is a 42% reduction within the same timeframe. PVH is also committed to increasing its annual sourcing of renewable electricity from 55% in FY2021 to 100% by FY2030. Long-term, the company aims to achieve a 90% reduction in absolute Scope 1, 2, and 3 emissions by FY2040 from the 2021 base year. These targets align with the Science Based Targets initiative (SBTi) and reflect PVH's commitment to sustainable practices within the textiles, apparel, footwear, and luxury goods sector.