Expanded environmental sustainability efforts featured, including a new greenhouse gas reduction target and increased transparency across the supply chain
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Accomplishments were achieved across each of the three strategic pillars
and illustrate the Company’s efforts to help lead the apparel industry’s
progress by harnessing innovation, collaborating with like-minded
stakeholders, and increasing transparency in the Company’s supply chain
and across the industry. For example, PVH is expanding the reach of its
CR program into deeper levels of its supply chain, including fabric
mills and dye houses. It has also set a global greenhouse gas reduction
target to reduce emissions by 35% by 2030 for direct operations.
Finally, it is directing
Importantly, PVH recognizes its responsibility as one of the world’s
largest apparel companies to address the social and environmental
impacts of the industry and contribute toward a fair, healthy future for
all. PVH is addressing these global challenges collaboratively,
including through membership in three UN-led initiatives —the UN Global
Compact, the CEO Water Mandate, and the Women’s Empowerment Principles.
PVH has demonstrated its support for the UN’s
“We are incredibly proud of everything we have accomplished in 2016
despite the uncertainty and geopolitical volatility we faced and believe
that our business contributions are helping address critical issues
around sustainability,” said Chairman and CEO,
PVH’s 2016 Corporate Responsibility Report was developed in accordance with the Global Reporting Initiative (GRI) G4 Guidelines, an international framework that is widely used by organizations to report on their CR and sustainability performance. For more information on GRI, visit http://www.globalreporting.org/.
About PVH Corp.
With a history going back over 135 years, PVH has excelled at growing
brands and businesses with rich American heritages, becoming one of the
largest apparel companies in the world. We have over 35,000 associates
operating in over 40 countries and over $8 billion in annual
revenues. We own the iconic
*The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International, Limited.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Forward-looking statements in this press release, including,
without limitation, statements relating to its plans, strategies,
objectives, expectations and intentions are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements are
inherently subject to risks and uncertainties, many of which cannot be
predicted with accuracy, and some of which might not be anticipated,
including, without limitation: (i) the Company’s plans, strategies,
objectives, expectations and intentions are subject to change at any
time at the discretion of the Company; (ii) the Company may be
considered to be highly leveraged and uses a significant portion of its
cash flows to service its indebtedness, as a result of which the Company
might not have sufficient funds to operate in the manner it intends or
has operated in the past; and (iii) other risks and uncertainties
indicated from time to time in the Company’s filings with the
The Company does not undertake any obligation to update publicly any forward-looking statement, whether as a result of the receipt of new information, future events or otherwise.
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Source:
PVH Corp.
Media / Investors:
Dana Perlman,
212-381-3502
investorrelations@pvh.com
or
CR:
Melanie
Steiner, 212-381-3737
cr@pvh.com