Home / Knowledge / News / Apparel/Garments / PVH top scores in reporting risks of child labour

PVH top scores in reporting risks of child labour

28
Mar '12
PVH Corp. was recognized in Norges Bank Investment Management's 2011 NBIM Children's Rights Disclosure Rating as one of only 14 out of 452 assessed companies to get top marks for managing and reporting on the risks of child labor use and children's rights violations in their operations and supply chains.

NBIM performs an annual assessment of whether companies in their portfolio who are exposed to child labor and children's rights risks are disclosing information in line with the NBIM Investor Expectations on Children's Rights.

These expectations include: preventing the worst forms of child labor, including hazardous working conditions that may physically or mentally damage children; sustaining the minimum age standard; promoting child welfare; and using governance structures to facilitate realistic strategies and responses to the management of child labor and children's rights.

NBIM examines each company's public disclosure of information to determine how the company scored on ten criteria (indicators) for managing child labor and children's rights risks. PVH received a maximum score of 10 in 2011, along with companies such as Walt Disney, Intel, Adidas, and Hennes & Maurtiz. In 2010, PVH was also recognized in the NBIM Children's Disclosure Rating as one out of only 9 companies among a pool of 527 to achieve a maximum score of 10.

Emanuel Chirico, Chairman and Chief Executive Officer of PVH, said "We are honored to be recognized for our efforts in preventing child labor and promoting children's rights and safety. Corporate Social Responsibility is central to our business strategy, and we continue to be committed to furthering children's rights and to responsible, transparent reporting and disclosure.

We commend NBIM for publishing an annual assessment which exposes child labor issues in the global supply chain and promotes accountability. We hope that this recognition, and others like it, will serve as a means to advance children's rights and responsible corporate reporting practices in the apparel industry and among all corporations."

The list of top ranked companies was published on March 26, 2011 and is available on NBIM's webpage, www.nbim.no along with detailed information on NBIM's Investor Expectations on Children's Rights.

Norges Bank Investment Management (NBIM) manages the Norwegian Government Pension Fund Global with assets of approximately USD 550 billion, and is a shareholder in PVH with holdings of approximately 458,000 shares as of December 31 2011.

PVH Corp., one of the world's largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide.

PVH Corp


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Feb 2020

US surpasses China as India's biggest trading partner

The United States has surpassed China to become India's top trading...

Pic: Shutterstock

Textiles | On 25th Feb 2020

Coronavirus may shift buyers to Turkey, fuel cotton growth

The coronavirus outbreak will cause a possible shrinking of China's...

Pic: Shutterstock

Apparel/Garments | On 25th Feb 2020

Tough for Vietnamese firms to follow EVFTA rules of origin

Though Vietnamese textile and garment firms are aware of the...

Interviews View All

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Alexander Foll,

Alexander Foll

Germany-based H Stoll AG & Co KG manufactures flat knitting machines....

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search