PVH Corp. Supports Global Fashion Agenda’s 2019 CEO Agenda
NEW YORK--(BUSINESS WIRE)--Jan 23, 2019--PVH Corp. [NYSE:PVH], one of the world’s largest apparel companies and owner of iconic brands, including CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, Speedo, Warner’s and IZOD, announces its support of Global Fashion Agenda’s CEO Agenda 2019.
The CEO Agenda 2019, supporting a sustainable fashion industry, is being released today by Global Fashion Agenda at Davos House during the World Economic Forum’s Annual Meeting in Switzerland. PVH, one of nine strategic partners of Global Fashion Agenda, is proud to support the updated Agenda, which reflects global developments and focuses on climate change as a core priority. The CEO Agenda 2019 challenges the industry to accelerate sustainable practices and, echoing this goal, PVH is launching the next evolution of its Corporate Responsibility strategy – Forward Fashion – which includes the company’s new vision for the future.
“We believe in holding ourselves accountable to the highest standards, setting ambitious Corporate Responsibility goals that drive fashion forward – for good. CEO Agenda 2019 encourages leaders across the industry to do the same. The issues our industry faces are complex and global, they require collaboration, and no single organization can solve these challenges alone,” said Emanuel Chirico, PVH Chairman and CEO.
He added, “Our evolved and elevated Forward Fashion strategy addresses our industry’s impact on people and the environment, supporting the elevated standards unveiled in Davos. Doing the right thing is both a responsibility and opportunity for the global fashion community.”
CEO Agenda 2019
The 2 nd annual CEO Agenda highlights eight sustainability priorities for fashion CEOs to keep at the top of the corporate agenda. These priorities provide guidance on how to create actionable change and include:
Four priorities for immediate implementation:Supply chain traceability Combatting climate change Efficient use of water, energy and chemicals Respectful and secure work environments
Four transformational priorities:Sustainable material mix Closed-loop fashion system Promotion of better wage systems Fourth industrial revolution
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“As one of the largest apparel companies in the world, with iconic brands that include CALVIN KLEIN and TOMMY HILFIGER, PVH Corp. has been setting trends for decades, influencing consumer behavior and embedding sustainability into its business practices. All nine of our Strategic Partners, including PVH Corp., will provide a vital contribution to shaping the sustainability agenda for the fashion industry, and they will influence our strategic priorities outlined in the CEO Agenda 2019. Climate change is a severe threat and it is critical that fashion leaders collaborate to secure the future of our industry and our planet, so I am delighted PVH Corp. have joined us in driving change,” explains Eva Kruse, CEO and President of Global Fashion Agenda.
PVH signed the Global Fashion Agenda’s 2020 Circular Fashion System Commitment pledge in June 2018 and joined Global Fashion Agenda as a Strategic Partner in January 2019. PVH will continue to work with the organization to set a common agenda and direction for industry collaboration on the future of sustainable fashion.
PVH’s Forward Fashion strategy builds on its historical dedication to responsible business and conveys the company’s commitment to be more ambitious and transparent in everything PVH is determined to achieve. The strategy aims to reduce negative impacts to zero, increase positive impacts to 100%, and to improve the lives of the over one million people working in its value chain. PVH will launch new targets linked to the Forward Fashion strategy with the release of its next Corporate Responsibility report in summer 2019. Read more about Forward Fashion at www.pvh.com/cr
About Global Fashion Agenda
Global Fashion Agenda, a non-profit organization, is the foremost leadership forum for industry collaboration on sustainability in fashion. In partnership with a group of Strategic Partners, currently counting the industry leaders ASOS, BESTSELLER, H&M group, Kering, Li & Fung, Nike, PVH Corp., Sustainable Apparel Coalition and Target, Global Fashion Agenda spearheads the fashion industry’s journey towards a more sustainable future. In addition to the annual CEO Agenda, Global Fashion Agenda is known for publishes the yearly Pulse of the Fashion Industry report in collaboration with The Boston Consulting Group. Global Fashion Agenda is also behind Copenhagen Fashion Summit, the leading business event on sustainability in fashion, since 2009.
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 36,000 associates operating in over 40 countries and nearly $9 billion in annual revenues. We own the iconic , , , ,, *, , and Geoffrey Beene brands, as well as the digital-centric intimates brand, 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.
To learn more about PVH’s commitment to Corporate Responsibility, visit PVH.com/responsibility.
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