PVH Releases 2018 Annual and
Corporate Responsibility Reports
May 13, 2019
PVH is proud to announce it released its 2018 Annual and Corporate Responsibility (CR) Reports, bringing to life the power of its brands and people around the world.
The 2018 Annual Report highlights the company’s sustained focus on meeting the needs of a changing consumer landscape along with the passion and dedication of its associates, which led to results that significantly exceeded initial expectations.
In addition to successful financial results, PVH’s culture continued to thrive. “Our commitment to our consumers, associates and communities drives us every day, and the passion we share unites us across this incredible organization. That’s the Power of Us. That’s the Power of PVH,” said PVH Chairman and CEO Emanuel Chirico.
Within the Annual Report, PVH highlights key achievements from the year, including: a diversified business model with meaningful growth drivers, investment in platforms to drive long-term success, and the new Forward Fashion strategy – the next evolution of Corporate Responsibility for the company.
The Forward Fashion strategy sets a new level of ambition and transparency, and reinforces PVH’s long-standing commitment to sustainable business. Coupled with the company’s release today of its 11th annual CR Report, and its 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 the 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.
Within the strategy’s three focus areas, 15 priorities have been selected based on where the company believes it can make the biggest impact. For each priority, key targets have been set to ensure accountability, transparency and authenticity in how progress is tracked and reported.
“The challenges and opportunities we face are bigger than PVH, but we are confident Forward Fashion will position us for success in the long-term, leading to more engaged associates, more loyal consumers, and ultimately a more sustainable and responsible future for the fashion industry,” said Chirico.