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PVH CORPORATION

(PVH)
  Report
Delayed Nyse  -  04:00 2022-09-23 pm EDT
48.51 USD   -4.81%
09/22PVH Names Sara Bland Chief Strategy Officer
MT
09/22PVH Corp. Appoints Sara Bland as Chief Strategy Officer
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09/22PVH Corp. Appoints Sara Bland as Executive Vice President and Chief Strategy Officer, Effective October 31, 2022
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PVH : 2021 Corporate Responsibility Report

08/05/2022 EDT

CORPORATE RESPONSIBILITY REPORT

2021

P.2

Contents

About

p. 3 2021 Honors

p. 5 About This Report p. 6 About PVH

p. 9 Forward Fashion p. 11 Our Commitments

p. 12 Statements of Support p. 19 Our Partners

Environment

p. 23 Environmental Commitments p. 24 Sustainable Materials

p. 27 Circularity

p. 29 Carbon Emissions p. 32 Waste & Packaging

p. 33 Environmentally Ethical Sourcing

p. 34 Hazardous Chemicals & Microfibers p. 35 Water Action

Human Rights in the Supply Chain

p. 38 Supply Chain Commitments p. 39 Worker Representation

p. 40 Living Wages

p. 41 Safe Workplaces p. 42 Ethical Recruitment

p. 43 Socially Ethical Sourcing p. 45 Women's Empowerment

Our Associates

p. 48 Workforce

p. 52 Inclusion & Diversity p. 55 Talent Development p. 56 PVH Workplace

Community

p. 59 Giving & Philanthropy p. 61 Education

p. 62 Inclusion in the Community

Governance

p. 64 Board of Directors p. 65 Risk Oversight

p. 66 Materiality Assessment

Reference

p. 68 CR Resources p. 69 Data Appendix

Frameworks

p. 79

SASB

p. 81

TCFD

p. 82

GRI

p. 94

UNGC

p. 95

UN Guiding Principles

p. 98

UN SDGs

PVH CORP. / 2021 CORPORATE RESPONSIBILITY REPORT

P.3 ABOUT / ENVIRONMENT / HUMAN RIGHTS / ASSOCIATES / COMMUNITY / GOVERNANCE / REFERENCE / FRAMEWORKS

2021 HONORS / EXECUTIVE LETTERS / FORWARD FASHION / OUR COMMITMENTS / OUR BRANDS / OUR PARTNERS

2021 Honors

Recognized in Newsweek's

America's Most Responsible Companies for the second consecutive year

Recognized as one of America's 100 Most JUST Companies by Forbes and JUST Capital for the third consecutive year

Ranked #19 on the 2021 Barron's 100 Most Sustainable Companies List

TOMMY HILFIGER ranked #5 in Vogue Business Index,

ESG category, for sustainability efforts across the business

Ranked #3 on KnowTheChain benchmark for standards and practices that address supply chain worker well-being

Ranked #7 on Fashion Transparency Index 2021

Ranked in Leading category on Textile Exchange's Material Change Index for the second consecutive year

Ranked #7 in the World Benchmarking Alliance's first-ever Gender Benchmark for driving gender equality

Received 100% on Human Rights Campaign's 2021 Corporate Equality Index for LGBTQIA+ workplace equality for the fifth consecutive year

Ranked #4 on Fast Company's Best Workplaces for Innovators List

Ranked #9 on the Fortune magazine Measure Up list of the 20 most progressive companies for inclusion and diversity

Named one of the Best Workplaces in Retail by Fortune magazine

Certified as a Great Place to Work U.S. for the third consecutive year

PVH CORP. / 2021 CORPORATE RESPONSIBILITY REPORT

P.4

ABOUT / ENVIRONMENT / HUMAN RIGHTS / ASSOCIATES

/

COMMUNITY / GOVERNANCE / REFERENCE / FRAMEWORKS

2021 HONORS / EXECUTIVE LETTERS / FORWARD FASHION

/

OUR COMMITMENTS / OUR BRANDS / OUR PARTNERS

"The responsibility to create a future of fashion that we can all look forward to is in our hands."

Esther Verburg

EVP, Sustainable Business and Innovation, Tommy Hilfiger Global/PVH Europe

"Fashion is no stranger to reinvention - the creative spirit that underpins our industry is the driving force that pushes us to innovate for a more sustainable future."

Aksel Parmaksiz

SVP, Sustainable Business Transformation, Calvin Klein Global/PVH Americas

PVH CORP. / 2021 CORPORATE RESPONSIBILITY REPORT

P.5

ABOUT / ENVIRONMENT / HUMAN RIGHTS / ASSOCIATES

/

COMMUNITY / GOVERNANCE / REFERENCE / FRAMEWORKS

2021 HONORS / EXECUTIVE LETTERS / FORWARD FASHION

/

OUR COMMITMENTS / OUR BRANDS / OUR PARTNERS

About This Report

The PVH Corporate Responsibility (CR) Report provides information and performance data on operations during PVH Corp.'s 2021 fiscal year (February 1, 2021 to January 30, 2022), unless otherwise indicated.

We continually aim to adapt and respond to the evolving environmental, social and governance disclosure landscape, while working to carry out our long-term commitments. Developed in collaboration with teams across PVH, supply chain stakeholders from our sourcing countries and innovators who have helped bring our strategy to life, this report reflects our aim to expand our data transparency and respond to the needs of stakeholders across our business, industry and beyond. It is a resource for assessing our progress across each of our CR targets and indicators along with our Inclusion & Diversity commitments.

The report also acknowledges the hard work that lies ahead to fulfill our commitments, to drive the necessary industry changes needed to make broader impacts and to continually improve on our disclosures around progress and challenges.

We report in alignment with the:

  • United Nations Guiding Principles (UNGP)
  • Ten Principles of the United Nations Global Compact (UNGC)
  • United Nations Sustainable Development Goals (UN SDGs)
  • Task Force on Climate-related Financial Disclosures (TCFD) Standards
  • Sustainability Accounting Standards Board (SASB) Standards
  • Global Reporting Initiative (GRI) Standards

Key resources and public statements, as well as details surrounding governance and policies, can be found in the Reference section on page 68and at pvh.com/responsibility/ resources.

Questions, comments or feedback regarding this report or our Forward Fashion strategy are welcome; please direct them to cr@pvh.com.

We have not obtained external assurance for this report. In 2022, we will begin assessing our readiness for external assurance in alignment with our commitment to increase transparency year after year.

PVH CORP. / 2021 CORPORATE RESPONSIBILITY REPORT

Disclaimer

PVH Corp. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2022 12:44:02 UTC.


© Publicnow 2022
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Sales 2023 8 822 M - -
Net income 2023 505 M - -
Net Debt 2023 1 401 M - -
P/E ratio 2023 6,37x
Yield 2023 0,31%
Capitalization 3 164 M 3 164 M -
EV / Sales 2023 0,52x
EV / Sales 2024 0,45x
Nbr of Employees 25 000
Free-Float 74,4%
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Number of Analysts 19
Last Close Price 48,51 $
Average target price 75,00 $
Spread / Average Target 54,6%
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Stefan Larsson President, Chief Executive Officer & Director
Zachry James Coughlin Chief Financial Officer & Executive Vice President
Mike M. Calbert Chairman
Eileen Mahoney Chief Information Officer & Executive VP
Joseph B. Fuller Independent Director
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