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PVH 2017 CR Report.Pdf CORPORATE RESPONSIBILITY REPORT WE are PVH orporate Responsibility (“CR”) is central to how We report our performance under the Global Reporting ABOUT PVH CORP. we conduct business. We are committed to Initiative’s (“GRI”) Standards under the “Core” option and C making a true impact on the people, the in line with the ten principles of the UN Global Compact With a history going back over 135 years, PVH has excelled About environment and the communities where we work and (“UNGC”). We continue to engage with the GRI GOLD at growing brands and businesses with rich American live, and communicating our progress transparently Community, a multi-stakeholder network dedicated to heritages, becoming one of the largest apparel companies with stakeholders. developing a more sustainable global economy. in the world. We have over 36,000 associates operating in over 40 countries and nearly $9 billion in annual revenues. This, our tenth annual CR report, provides information Please see our GRI index online Our and performance data on our operations during our at www.pvh.com/cr We own the iconic , CALVIN KLEIN TOMMY 2017 calendar year. HILFIGER, Van Heusen, IZOD, ARROW, Speedo 1, Warner’s, Olga and Geoffrey Beene brands, as well as the In this report, we share our progress against the ten CR digital-centric True & Co. intimates brand, and market 2017 CR commitments we introduced in 2016. We explore the a variety of goods under these and other nationally and importance of addressing social and environmental issues, internationally known owned and licensed brands. share our challenges and achievements, and highlight the next steps on our journey. For further details on our company, visit: REPORT www.pvh.com/Company TABLE of CONTENTS 02 04 06 08 10 12 16 20 22 24 INTRO TO HIGHLIGHTS AwARDS A LETTER FROM A LETTER CR ASSESSMENT HUMAN SAFE INCLUSION OUR COMMITMENTS OUR CHAIRMAN FROM OUR PROGRAM RIGHTS WORKPLACES AND DIVERSITY ASSOCIATES & CEO LEADERSHIP REACHES NEXT LEVEL GLOSSARY OF NAMES AND ABBREVIATIONS 2017 CR REPORT PVH CORP. We have included on pages 42 and 43 a glossary of names and abbreviations for organizations and tools referred to throughout the Report. Please refer to this section if you are not familiar with one of the names or abbreviations included in this report. ABOUT OUR CR REPORT 38 40 42 28 30 32 34 36 RESPONSIBLE WATER SUSTAINABLE SUSTAINABLE GREENHOUSE COMMUNITIES PERFORMANCE GLOSSARY 1 The Speedo brand is licensed for North America and CHEMICAL PACKAGING MATERIALS GASES SUMMARY the Caribbean in perpetuity from Speedo International Limited. MANAGEMENT 01 OUR HUMAN WATER COMMITMENTS 1 RIGHTS 6 MAPPING OUR STRATEGY SAFE SUSTAINABLE TO THE U.N. SUSTAINABLE WORKPLACES PACKAGING DEVELOPMENT GOALS 2 7 The U.N.’s Sustainable Development Goals* (“SDGs”), will help guide global efforts to achieve sustainable development over the next 13 years. INCLUSION & SUSTAINABLE We have developed our CR strategy to support the SDGs, as we continue DIVERSITY MATERIALS our efforts to achieve positive impacts across our value chain. 3 8 HUMAN RIGHTS SAFE WORKPLACES INCLUSION OUR GREENHOUSE & DIVERSITY ASSOCIATES GASES OUR ASSOCIATES 4 9 RESPONSIBLE CHEMICAL MANAGEMENT WATER SUSTAINABLE RESPONSIBLE COMMUNITIES PACKAGING CHEMICAL PVH CORP. CR REPORT 2017 2017 CR REPORT PVH CORP. SUSTAINABLE MANAGEMENT MATERIALS 10 GREENHOUSE 5 GASES COMMUNITIES * See the Glossary for more information. INTRODUCTION TO COMMITMENTS 02 Corporate Responsibility HIGHLIGHTS 5. RESPONSIBLE 9.GREENHOUSE CHEMICAL GASES 2017 CR REPORT PVH CORP. MANAGEMENT 1.HUMAN 7. SUSTAINABLE Our Chairman and CEO, Emanuel Chirico, confirmed our support Announced that 25 million men’s P ACKAGING RIGHTS dress shirts we produce across Approximately 70% of our for the Paris Climate Accord and Made the Tell PVH global our brands will be certified as we set a global target to reduce 4. OUR on-product packaging (e.g., reporting hotline available free from harmful chemicals and greenhouse gas emissions at our ASSOCIATES hangtags, stickers, tissue paper, to every worker in our will bear the STANDARD 100 by own facilities by 35 percent Expanded our Parental etc.) was recyclable. supply chain to empower OEKO-TEX® label in 2018.2 by 2030. and give a voice to our Leave Policy in the U.S. to cover foster parents, as well PVH CORP. CR REPORT 2017 2017 CR REPORT PVH CORP. entire workforce. 3. INCLUSION as secondary caregivers. RESPONSIBILITY HIGHLIGHTS CORPORATE & DIVERSITY 6. WATER 8. SUSTAINABLE Launched WERK, the 10. COMMUNITIES 2. SAFE business resource group Created global partnership MATERIALS Contributed nearly $24 million through WORKPLACES for our LGBTQ community. with WWF* to steward Launched our global Animal product, cash, associate contributions Platinum sponsor of the NYC water conservation in four Welfare Policy. Joined BCI* and retail store consumer donations Improved safety across our Pride March in which 800 key basins. as a global member and in 2017. factories in Bangladesh associates marched. began to source more by addressing nearly 95 sustainable cotton. percent of all issues found, making us a top remediator of over 200 Accord* members. 2 For more information on OEKO-TEX please see our Chemicals chapter on page 28. * See the Glossary for more information. * See the Glossary for more information. CORPORATE RESPONSIBILITY HIGHLIGHTS CORPORATE 05 04 Corporate Responsibility TOP 100 COMPANIES ON GLOBAL DIVERSITY & INCLUSION INDEX THOMSON REUTERS AWARDS #3 IN THE INDUSTRY PIONEER OF CHANGE MAGAZINE RUNWAY OF DREAMS FORTUNE The World’s Most PVH Foundation wins Admired Companies the Pioneer of Change Award BEST COMPANIES 100% ON CORPORATE TO WORK FOR IN FASHION EQUALITY INDEX THE BUSINESS OF FASHION HUMAN RIGHTS CAMPAIGN FOUNDATION TOP 10% ACE AwARD IN FIVE CATEGORIES FOR SUSTAINABILITY LEAD AWARDS Accessories Council Including 3rd Place 21st Annual ACE Awards for Best Corporate University 30% FEMALE 100 BEST REPRESENTATION CORPORATE CITIZENS THE Women’s FORUM OF NEW YORK CR MAGAZINE Recognized PVH for 30% female Ranked #61 including representation on our ranking #27 overall Board of Directors on climate change ONE OF AMERICA’s 100 MOST JUST COMPANIES & JUST CAPITAL FORBES Ranked 25th overall and 2nd PVH CORP. CR REPORT 2017 2017 CR REPORT PVH CORP. WEare in Household Goods & Apparel AWARDS 06 PROUD EMANUEL CHIRICO Chairman and Chief Executive Officer PVH would not be where it is today without A LETTER FROM our industry-leading talent. We believe our people are a reflection of our organization OUR CHAIRMAN & CEO and it is our responsibility to encourage an inclusive environment, which ultimately inspires change from within. To this extent, VH had an outstanding year in 2017 – from the ever-increasing prominence of our brands, we made significant progress on empowering to the performance across our businesses, to our achievements in working to make a positive women both within PVH, as well as in our P impact on the industry and the communities where we live and work. Driven by our long-term supply chain. We also offered additional vision, we invested in our brands and areas that are most impacted by the changing dynamics courses through PVH University and in the industry – the growing prominence of digital, the importance of having a nimble, responsive expanded the scope of our Business and sustainable supply chain, and our essential commitment to driving consumer engagement. Resource Groups. While we, like many other global consumer companies, faced overarching geopolitical headwinds and We believe we are developing a strong an evolving consumer environment, the power of our brands, our businesses and, most importantly, foundation for continued success by creating our people drove our company forward. We encouraged associates throughout our organization to be a workplace that appreciates our associates forward-thinking, enhancing our brands and their competitive positioning across product lines and and acknowledges that our people are our geographies, and better aligning our business to make it easier to initiate and effect change. greatest asset. We are proud to note that our efforts were recognized publicly in a We recognize our responsibility as an industry leader and one of the world’s largest apparel companies variety of ways. In 2017, Thomson Reuters to address the industry’s social and environmental impacts and contribute to a fair, healthy future for all. ranked us as one of the top 100 companies We know we have the opportunity to make positive impacts throughout our value chain by empowering in its Global Diversity & Inclusion Index. the people with whom we work, preserving the environment and supporting our communities. We also were ranked No. 25 by Forbes and JUST Capital on their annual list of most We view Corporate Responsibility as an opportunity to mitigate risk, drive efficiencies and maximize just companies, and were honored with value, and take a leadership role in moving the industry in a positive direction. We are proud of the the Sustainability Award at the Accessories comprehensive CR program we have built, and we believe that it is a key factor in driving our growth, Council Annual ACE Awards. performance, creativity and success. The approach of our CR program goes from “source to store” – focusing on worker empowerment, environmental preservation, and community engagement and impact. In the coming years and beyond, we will use These three pillars are the foundation of our CR strategy, which aligns with the United Nation’s SDGs our role in the industry to strengthen and through collaboration with key partners. grow our partnerships, change workplaces for the better, enhance local communities From a CR perspective, 2017 was an important year for us. Partnership was a key highlight in 2017, and protect our shared environment. as we took leading roles in many multi-stakeholder initiatives and industry working groups. We set key We will only achieve this by working targets for both greenhouse gas emission reduction and elimination of harmful chemicals, and also took a together to transform the apparel industry leadership role on water conservation and stewardship.
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