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Pvh Cr Report 2015 Cro Statement

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Pvh Cr Report 2015 Cro Statement REPORT 2015 PVH CSR REPORT 2016 NAME OF SECTION 1 2 NAME OF SECTION PVH CSR REPORT 2016 ABOUT THIS CONTENTS 03 STATEMENTS REPORT 05 OUR APPROACH 06 - 07 OUR CR STRATEGY 08 - 09 MOVING THE NEEDLE IN ETHIOPIA Corporate Responsibility (“CR”) is ABOUT PVH CORP. fundamental to the way we conduct 10 - 11 MATERIALITY AND STAKEHOLDER With a history going back over 130 ENGAGEMENT business. We are committed to improving years, PVH Corp. has excelled at our impact on key issues and 12 CR GOVERNANCE AND LEGAL growing brands and businesses with rich COMPLIANCE communicating our progress transparently American heritages, becoming one of with stakeholders. This, our eighth annual the largest apparel companies in the 13 2015 CR HIGHLIGHTS CR report, provides information and world. We have over 30,000 associates 14 - 15 EMPOWERING PEOPLE performance data on our operations operating in over 40 countries with over during our 2015 fiscal year, which ended $8 billion in revenues. We own the 16 - 19 GOING BEYOND COMPLIANCE February 1, 2016. [G4-28, G4-30] iconic Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Speedo*, and 20 - 21 PARTNERING FOR PROGRESS In this report, we also introduce our Olga brands and market a variety of enhanced CR strategy and explore our 22 - 23 FIRE + BUILDING SAFETY goods under these and other nationally goals, challenges and impacts across our and internationally known owned and 24 - 25 PVH - A GREAT PLACE TO WORK three focus areas: people (including licensed brands. human rights and human resources), the 26 - 27 INCLUSION + DIVERSITY environment and the communities where For further details on our company, visit: 28 - 29 LEARNING + DEVELOPMENT we work and live. www.pvh.com/Company. 30 - 31 PRESERVING THE We report our performance under the *The Speedo brand is licensed for North ENVIRONMENT Global Reporting Initiative’s (“GRI”) G4 America and the Caribbean in perpetuity from Speedo International, Ltd. 1 32 - 33 MANAGING OUR NATURAL framework under the “Core” option. We RESOURCES continue our ongoing engagement with the GRI GOLD Community, a multi-stakeholder 34 MANAGING CHEMICALS RESPONSIBLY network dedicated to developing a more 35 SAFEGUARDING + PRESERVING WATER sustainable global economy. Please see our GRI index online at http://pvh.com/~/ 36 - 37 SUSTAINABLE MATERIALS media/PVH/Files/corporate- responsibility/2015_gri_index.ashx and 37 SUSTAINABLE PACKAGING contact [email protected] with any questions. 38 - 39 SUPPORTING [G4-15, G4-31, G4-32] COMMUNITIES 40 - 41 TAKING OUR COMMUNITY EFFORTS GLOBAL 42 - 43 ENGAGING WITH LOCAL COMMUNITIES * The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International, Ltd. 1 The GRI framework is the most widely used sustainability reporting standard 44 - 45 SUPPORTING OUR SOURCING in the world and was developed to guide organizations in disclosing their most COMMUNITIES critical impacts on environment, society and the economy. 46 - 49 PERFORMANCE SUMMARY PVH CSR REPORT 2016 NAME OF SECTION 1 CEO STATEMENT 2015 was a year of execution for PVH. We This year, we are pleased to introduce stayed focused on our top strategic an enhanced global CR strategy that will priorities and our commitment to invest in support our efforts to become a more our brands and operating platforms. We responsible corporate citizen, while collaborated across our businesses by providing our associates with an WE BELIEVE THAT CR sharing innovation and best practices, inclusive environment to help drive WILL SERVE AS A KEY while exercising sustainable business change across our organization and in practices. And as an industry leader, we our communities. Executing this strategy COMPETITIVE ADVANTAGE continued to recognize the great will not be possible without the talent AS WE STRIVE TO DELIVER responsibility and opportunity to make and dedication of our over 30,000 positive impacts – focusing on empowering associates around the world. I believe FUTURE GROWTH AND people, preserving the environment and that through our collective efforts, we supporting communities in which we work can continue to create value for both STOCKHOLDER VALUE. and live. society and our business. – Manny Chirico We attribute our solid performance, even Chairman and Chief Executive Officer during challenging economic climates, to our long-term approach of managing our company. We believe that CR will serve as a key competitive advantage as we strive to deliver future growth and stockholder The content on this page answers value. GRI G4 Indicator G4-1 2 INTRODUCTION PVH CR REPORT 2015 CRO STATEMENT The content on this page answers GRI G4 Indicator G4-2 The global apparel industry faces many extends back to the first publication ofA complex challenges. The world is gearing Shared Commitment, our code of conduct up for a clean energy transition, guided by for business partners, in 1991. We seek to the first universal agreement on climate move beyond compliance in our supply change. Political instability and sectarian chain by partnering with suppliers to violence in sourcing countries continue to promote safe labor conditions and pose risks to supply continuity, while free undertake projects to improve the lives of trade agreements are altering the sourcing workers in our supply chain, whom we CEO footprint. Globally, businesses are taking view as an extension of our associate action to align their corporate responsibility population. Not only is this the right thing efforts with the United Nations’ new to do but it also helps prevent human STATEMENT Sustainable Development Goals, while rights violations, safety incidents and stakeholders – from investors to consumers supply chain disruption, which are AS ONE OF THE WORld’s – are pushing for more transparency. significant risks to our business. LARGEST APPAREL COMPANIES, As one of the world’s largest apparel We are also building on our Core Values by WE RECOGNIZE OUR companies, we recognize our responsibility further focusing on inclusion and diversity, RESPONSIBILITY TO LEAD to lead and continuously seek new ways to with a vision to create an environment address the pressing social and where every individual is valued. I am AND CONTINUOUSLY environmental challenges facing the proud to play a role in PVH’s commitment SEEK NEW WAYS TO IMPROVE industry. In 2013, we introduced a new to gender equality, which we recently approach to CR centered on driving reinforced by signing the United Nations’ OUR CR IMPACT positive impacts from Source to Store, with Women’s Empowerment Principles. – a focus on empowering people, preserving Melanie Steiner the environment and supporting the We have also expanded our environmental Chief Risk Officer communities where we work and live. In sustainability commitment and are 2015, we built upon that framework to conducting deeper analyses of our develop a more comprehensive CR strategy impacts. This will lay the foundations for Finally, to fulfill our philanthropic mission that addresses the social and future strategies and targets, underpinned to support the needs of women and environmental issues that most affect our by continuous innovation, collaboration children, we continue to maintain long- business – from building safety to and best practice thinking. We are term partnerships with local organizations environmental pollution. beginning to engage with suppliers deeper and encourage collaboration among our in our supply chain to cut the social and brands. As Chief Risk Officer, my focus is to ensure environmental impacts of the materials we that our CR efforts help us both to manage use in our products. Looking forward, we are excited to build on risk and maximize opportunities. I feel our strategy with measurable targets and strongly about activating the passion and Across our organization, we will continue to action plans. We also realize that we power of our associates, so together we reduce our carbon footprint by lowering cannot achieve our ambitious goals on our can drive meaningful change. I am energy consumption and increasing energy own, and we will continue to embrace and encouraged to see our associates efficiency. We are using more sustainable engage with associates, suppliers, increasingly embrace not only the materials and less packaging. And we are governments, non-profits and other importance of CR but also how it creates strengthening our chemical management stakeholders to effect change. I look value for our business. program, as we continue to support our forward to sharing more about our CR industry’s push to phase out harmful journey and welcome your feedback at We continue to build on our 25-year chemicals. every step along the way. commitment to human rights, which PVH CR REPORT 2015 INTRODUCTION 3 ITIVE IMPAC POS TS SOURCE Ethical and responsible purchasing and production, from design to the sourcing of the raw materials used to make our products. At every stage of our business we will: (RE)USE MAKE The design, labor and The ways in which our Empower manufacturing processes customers care for, maintain people required to turn raw and reuse, recycle or O materials into our end . dispose of our products. l u products. e r v e a l p e p t r a o r a PRESERve the Support o c p h environment communities r o t c o e o p h t e t r a a t i g n n g i d o u u l r c b n u , i s SELL o in d e The marketing, e ss w w packaging, transportation g i in th and sale of our products. th th ry e ve in e te ns gr pi ity er , re nd sp h u ons hic ibilit s, w y and ndard the highest ethical sta S R ES N ES PONSI BL E BUSI our approaCH At PVH, doing the right thing is central to how we conduct business. As one of the largest global apparel companies, we are guided by our values and committed to addressing social and environmental issues, with a focus on those that matter most to us, our over 30,000 associates worldwide, our other stakeholders and the apparel industry.
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