PVH Corp. Receives 2018 U.S. Secretary of State’s Award for Corporate Excellence
NEW YORK--(BUSINESS WIRE)--Sep 12, 2018--PVH Corp. [NYSE:PVH], one of the world’s largest apparel companies and owner of a family of iconic brands, including CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, Speedo1, Warner’s and IZOD, today was selected as one of two winners of the 2018 U.S. Secretary of State’s Award for Corporate Excellence (ACE), an achievement recognizing U.S. firms that uphold high standards of responsible business conduct.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180912006023/en/
PVH is lead investor in Hawassa Industrial Park (Photo: Business Wire)
PVH is receiving the Sustainable Operations award as lead investor of a best-in-class apparel manufacturing facility in Hawassa, Ethiopia. The honor recognizes the company’s unwavering commitment to people, the environment and the communities where it operates.
“We are in a unique position to make positive impacts in the places around the world where we work and live. One of those places is Ethiopia, where we set out almost five years ago to create a sustainable, vertically integrated, apparel manufacturing industry,” said Emanuel Chirico, Chairman and CEO, PVH Corp.
In 2014, PVH approached some of its best suppliers to share its vision for Africa. The company set out to implement international standards and practices in building, fire and worker safety, environmental sustainability, as well as human rights to establish a stable manufacturing economy.
“Today, we are seeing our vision come to life at the Hawassa Industrial Park. We have focused on protecting the local environment, using sustainable energy and ensuring sufficient supplies of clean water. Creating a safe and inclusive workplace is also a priority, which provides real opportunities for the residents of the surrounding area. We are honored to receive this award and are proud of the operation we have established there.”
The Hawassa Industrial Park is expected to result collectively in 60,000 jobs within a few years and features state-of-the-art machinery focused on environmentally advanced practices. The park’s Zero Liquid Discharge (ZLD) effluent treatment facility recycles over 90% of the wastewater produced in the park. This helps preserve Lake Hawassa, which serves as the community’s water supply and is the center of the local ecosystem.
Established in 1999, the annual Secretary of State Award for Corporate Excellence recognizes U.S. companies representing American values in their business practices worldwide and contributing to the growth and sustainable development of the local economies in which they work.
“The ultimate goal for PVH’s model industrial park is to provide a better future not only for the workers and their families, but also to inspire responsible industrialization across Ethiopia for the betterment of its entire population and the creation of a new market for U.S. goods,” according to a statement from the State Department.
The award for Sustainable Operations will be presented to Mr. Chirico at the annual ACE ceremony in Washington D.C. on October 5.
Read more about the award here: https://www.state.gov/r/pa/prs/ps/2018/09/285879.htm.
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.
1 The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International Limited
View source version on businesswire.com:https://www.businesswire.com/news/home/20180912006023/en/
CONTACT: PVH Corp.
Samantha Critchell, 212-381-3566
Senior Editorial Director
KEYWORD: UNITED STATES NORTH AMERICA ETHIOPIA NEW YORK AFRICA
INDUSTRY KEYWORD: LUXURY ONLINE RETAIL MANUFACTURING TEXTILES PHILANTHROPY RETAIL FASHION OTHER PHILANTHROPY SPECIALTY
SOURCE: PVH Corp.
Copyright Business Wire 2018.
PUB: 09/12/2018 03:56 PM/DISC: 09/12/2018 03:56 PM