PVH Corp. Releases 2016 Corporate Responsibility Report

PVH Corp. [NYSE: PVH] today announced it has released its ninth annual CR (Corporate Responsibility) Report, providing updates on PVH’s 10 Corporate Responsibility commitments, and its three underlying strategic pillars: driving positive impacts for people, the environment and the communities in which we work and live. The report is available at http://www.pvh.com/CR.

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PVH Corp. Releases 2016 Corporate Responsibility Report (Photo: Business Wire)

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 $1 million to support programs in Sub-Saharan Africa, as part of its $5 million commitment to Save the Children.

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 Sustainable Development Goals by working to align its CR commitments with the goals, covering issues such as clean water and sanitation, affordable and clean energy, and inclusion and diversity.

“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, Emanuel Chirico. Mr. Chirico further stated, “We continue to believe that corporate responsibility helps strengthen our organization by managing risk, maximizing efficiencies and driving value in a rapidly changing world, and through our CR efforts we can continue to create value for both society and our stockholders.”

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 CALVIN KLEIN, Tommy Hilfiger, Van Heusen, IZOD,ARROW, Speedo*, Warner’s and Olga brands, and market a variety of goods under these and other nationally and internationally known owned and licensed brands.

*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 Securities and Exchange Commission.

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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