The PVH Corporation has rolled out its 9th Annual Corporate Responsibility (CR) Report for the year 2016. The report highlights the work progress against the 10 CR commitments of the fashion company.
The CR report states that PVH addressed all its commitments including Human Rights; Safe Workplaces; Inclusion & Diversity; Associates; Responsible Chemical Management; Water; Sustainable Packaging; Sustainable Materials; Greenhouse Gases; and Communities during the year.
The company aimed for positive impacts throughout its value chain from ‘Source to Store’ in 2016.
All the commitments were in line with the UN’s Sustainable Development Goals (SDG) that intensively covered the issues such as clean water and sanitation (SDG 6), affordable and clean energy (SDG 7), and inclusion and diversity (SDG 5).
The mentioned goals were attained by PVH with the help of three UN-led initiatives: the UN Global Compact, the CEO Water Mandate, and the Women’s Empowerment.
“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,” said Emanuel Chirico, Chairman and CEO, PVH.
In the report, PVH has also highlighted its efforts to expand the CR programme to the deeper levels of its valuable supply chain that includes dye houses and fabric mills. The company has also set a target to reduce the emission of greenhouse gases. It is eyeing to bring down dangerous gas emission levels by 35 per cent by the year 2030.
Additionally, PVH is injecting US $ 1 million to support its CR efforts in Sub-Saharan Africa. The move is a part of US $ 5 million multi-year monetary funding to Save the Children initiative.
The 2016 report also provides updates of annual CR commitments of PVH for next year. In 2017, the company will launch the Higg Index FEM with its strategic Level 1 (for cut and sew factories) and Level 2 (mills and trim oriented firms) suppliers.
The 9th CR 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, PVH claims.
