PVH Corp. Announces Forward Fashion – A New Level of Ambition and Transparency for Sustainable Business
NEW YORK--(BUSINESS WIRE)--May 13, 2019--PVH Corp. [NYSE:PVH] announces the evolution of its Corporate Responsibility (CR) strategy – Forward Fashion – a vision for the future that sets a new level of ambition and transparency; and reinforces its long-standing commitment to sustainable business. Coupled with today’s release of PVH’s 11th annual CR Report and launch of a dedicated digital hub, Forward Fashion outlines three focus areas that aim to reduce the company’s negative impacts to zero, increase positive impacts to 100% and improve over one million lives throughout its value chain. These areas include combatting climate change, addressing waste and hazardous chemicals, ensuring worker safety, and providing development programs to women.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190513005479/en/
PVH introduced today its new Corporate Responsibility strategy, Forward Fashion with 15 measurable targets. (Photo: Business Wire)
The strategy creates a platform for each of PVH’s branded businesses – CALVIN KLEIN, TOMMY HILFIGER and Heritage Brands – to further accelerate their consumer-and product-centric sustainability efforts.
“Corporate responsibility has always been fundamental to how we conduct business. Forward Fashion represents a renewed sense of urgency to use the collective power of PVH to achieve transformative change at scale,” said Emanuel Chirico, Chairman and Chief Executive Officer, PVH Corp. “The challenges and opportunities we face are bigger than PVH, but we are confident Forward Fashion will position us for success over the long-term, leading to more engaged associates, more loyal consumers and, ultimately, a more sustainable and responsible future for the fashion industry.”
FIFTEEN PRIORITIES WITH KEY TARGETS
Within the strategy’s three focus areas, 15 priorities have been selected based on where the company can make the greatest impact. For each priority, key targets have been set to ensure accountability, transparency and authenticity in how progress is tracked and reported.
Reduce negative impacts to zero
PVH’s ambition is for its products and business operations to generate zero waste, zero carbon emissions and zero hazardous chemicals, and for its products to be truly circular.
Increase positive impacts to 100%
PVH’s ambition is for 100% of its products and packaging to be ethically and sustainably sourced, and for 100% of its suppliers to respect human rights and be good employers.
Improve 1 million+ lives across the value chain
PVH’s ambition is for its business to improve the over 1 million lives across its value chain, focusing on education and opportunities for women and children, ensuring access to clean water for all, and continuing to champion inclusion and diversity so everyone can achieve their full potential.
For more information on Forward Fashion, visit responsibility.pvh.com.
About PVH Corp.
PVH is one of the most admired fashion and lifestyle companies in the world. We power brands that drive fashion forward – for good. Our brand portfolio includes the iconic CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, IZOD, ARROW, Speedo*,Warner’s, Olga and Geoffrey Beene brands, as well as the digital-centric True & Co. intimates brand. We market a variety of goods under these and other nationally and internationally known owned and licensed brands. PVH has over 38,000 associates operating in over 40 countries and $9.7 billion in annual revenues. That’s the Power of Us. That’s the Power of PVH.
*The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International Limited.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190513005479/en/
CONTACT: PVH Corp.
Treasurer, Senior Vice President, Business Development and Investor Relations
KEYWORD: UNITED STATES EUROPE NORTH AMERICA DENMARK NEW YORK
INDUSTRY KEYWORD: WOMEN ENERGY ALTERNATIVE ENERGY LUXURY ONLINE RETAIL SUPPLY CHAIN MANAGEMENT MANUFACTURING CHEMICALS/PLASTICS TEXTILES NATURAL RESOURCES AGRICULTURE PHILANTHROPY ENVIRONMENT RETAIL FASHION OTHER PHILANTHROPY CONSUMER
SOURCE: PVH Corp.
Copyright Business Wire 2019.
PUB: 05/13/2019 10:00 AM/DISC: 05/13/2019 10:01 AM