PVH Corp. Announces Forward Fashion – A New Level of Ambition and Transparency for Sustainable Business
May 13 2019 - 9:00AM
Business Wire
Chairman and CEO, Emanuel Chirico will outline
new corporate responsibility strategy at Copenhagen Fashion
Summit
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.
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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
TARGETSWithin 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
zeroPVH’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.
- Priority: Eliminate Carbon
Emissions – Protect the global climate by reducing energy use and
powering its business through renewable sources
- Key Target: PVH offices,
warehouses and stores will be powered by 100% renewable electricity
by 2030 and the company will drive a 30% reduction in its supply
chain emissions by 2030
- Priority: End Waste – Divert the
waste PVH sends to landfill
- Key Target: All PVH offices,
distribution centers and stores will achieve zero waste and
eliminate single-use plastics by 2030
- Priority: Eliminate Hazardous
Chemicals and Microfibers – Eliminate water pollution from wet
processors
- Key Target: Water leaving wet
processors will have zero hazardous chemicals and be filtered for
harmful microfibers by 2025
- Priority: Innovate for
Circularity – Foster and harness innovation to design and
manufacture products that eliminate product waste
- Key Target: Three of the
company’s most commonly purchased products will be completely
circular including the full traceability of key raw materials by
2025
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.
- Priority: Source Ethically –
Expand the application of PVH’s social and environmental standards
to the manufacturing of all products and materials
- Key Target: 100% of PVH
suppliers will meet or exceed all of its social and environmental
standards by 2030
- Priority: Amplify Worker Voice –
Improve working environments through worker engagement and
representation
- Key Target: 100% of workers
employed by key suppliers will have their voices heard through
democratically elected representatives by 2025
- Priority: Promote Safe
Workplaces – Ensure safe and healthy workplaces for all workers in
the PVH supply chain
- Key Target: 100% of PVH
suppliers will promote and maintain safe and healthy work
environments by 2025
- Priority: Advance Living Wages –
Create conditions for national living wage agreements through
industry-wide collective bargaining linked to PVH purchasing
practices
- Key Target: 100% of PVH’s key
suppliers in two key production countries by 2025 and four by 2030
proactively support industry-wide collective bargaining to achieve
living wages
- Priority: Recruit Ethically –
Partner with suppliers to ensure ethical recruitment practices for
migrant workers
- Key Target: 100% of migrant
workers at PVH’s Level 1 and key Level 2 suppliers will not pay
recruitment fees by 2025
- Priority: Regenerate Materials –
Transition key product and packaging materials to sustainable
alternatives, and support regenerative agriculture practices, while
protecting animal welfare
- Key Target: Sustainably source
100% of PVH’s cotton and viscose by 2025, and 100% of polyester by
2030
Improve 1 million+ lives across the
value chainPVH’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.
- Priority: Empower Women – Remove
barriers to advancement and create pathways to opportunity and
choice for women in the PVH supply chain
- Key Target: Professional and
life skills development programs will be made available to 500,000
women across the PVH supply chain by 2030
- Priority: Foster Inclusion &
Diversity – Create an inclusive environment where every individual
is valued
- Key Target: Expand unconscious
bias training to all 38,000+ PVH associates globally by 2023 and
achieve gender parity in leadership positions by 2030
- Priority: Develop Talent –
Develop a talented and skilled workforce that embodies PVH’s values
and an entrepreneurial spirit, while empowering associates to
design their future
- Key Target: Expand professional
skills development and digital literacy programs through PVH
University to reach all 38,000+ PVH associates globally by
2023
- Priority: Provide Access to
Water – Ensure access to clean water for communities in PVH’s key
basins through collaborative action
- Key Target: Establish five
collective action projects in PVH’s most water-stressed sourcing
communities by 2025
- Priority: Educate the Future –
Support the needs of women and children around the world by
creating safe spaces, improving access to education and enhancing
quality of life
- Key Target: Reach 135,000
individuals worldwide through early education and childcare
services, teacher training, parenting resources and training, and
youth employability training services by 2023
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.
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PVH Corp.Dana PerlmanTreasurer, Senior Vice President, Business
Development and Investor Relations(212)
381-3502communications@pvh.com
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