PVH Corp. Signs Fashion Pact, Joins Industry Peers to Create More Sustainable Future
August 23 2019 - 4:35AM
Business Wire
PVH, Calvin Klein and Tommy Hilfiger CEOs make
new commitments on climate, biodiversity and oceans
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, and IZOD, announced today it has
signed the Fashion Pact, a coalition of more than 30 global fashion
and textile companies pledging to reduce the environmental impact
of the fashion industry. There are three key areas of focus:
climate, biodiversity and oceans.
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PVH Corp. signs Fashion Pact, joining
industry peers to create more sustainable future (Photo: Business
Wire)
“Forming one powerful and cohesive front at this scale shows how
serious the fashion industry is about doing the right thing and
taking tangible actions to protect the world,” said PVH Chairman
& CEO Emanuel Chirico. “PVH measures our success by more than
just our bottom line, and sharing information and creating
standards of measurement will lead to more sustainable
decisions.”
The Fashion Pact will be presented to leaders representing the
top seven economies in the world at the G7 meeting on August 26 in
Biarritz, France.
Cheryl Abel-Hodges, CEO of Calvin Klein, and Daniel Grieder, CEO
of Tommy Hilfiger Global and PVH Europe, committed the brands to
the collective pledge that builds on PVH’s long-standing commitment
to being a good corporate citizen.
This engagement to achieve practical objective areas aligns with
PVH’s Forward Fashion corporate responsibility strategy that aims
to reduce the company’s negative impacts to zero, increase positive
impacts to 100% and improve over one million lives throughout its
value chain.
The Fashion Pact was created at the request of French President
Emmanuel Macron, who charged leading global fashion companies to
advance sustainability within the industry. François-Henri Pinault,
Chairman and Chief Executive Officer of Kering, was tapped to align
partners around the world.
As the first U.S.-based company to commit to the Fashion Pact,
PVH reaffirms its purpose to power brands that drive fashion
forward – for good. PVH and its brands are partners in
sustainability organizations Fashion For Good, Ellen McArthur
Foundation and Sustainable Apparel Coalition, among others,
recognizing that partnership with our peers will begin to mitigate
at scale the effects our industry has on the environment.
“Calvin Klein recognizes our responsibility and the
responsibility of our industry to care for our planet and our
communities; we also believe that sustainable business is smart
business,” said Abel-Hodges. “We are pleased to be part of this
impressive group committed to taking urgent action on these
critical climate issues.”
The goal is for representation of at least 20 percent of the
global fashion industry, measured by volume of products.
“At Tommy Hilfiger, we recognize that only by coming together
can we achieve real systemic change and address the industry’s –
and the world’s – most pressing global sustainability challenges.
While the steps taken separately by various companies are
encouraging, our true strength comes in numbers and in unity,” said
Grieder.
The Pact’s objectives focus on actions in areas to safeguard the
planet:
- Stop global warming by creating and deploying an action
plan for achieving the objective of zero greenhouse gas emissions
by 2050, in order to keep global warming below a 1.5°C pathway
between now and 2100.
- Restore biodiversity by achieving objectives that use
Science-Based Targets to restore natural ecosystems and protect
species.
- Protect the oceans by reducing the fashion industry’s
negative impact on the world’s oceans through practical
initiatives, such as gradually removing the usage of single-use
plastics.
To learn more about Forward Fashion, visit
https://responsibility.pvh.com.
About PVH Corp.
PVH is one of the most admired fashion and lifestyle companies
in the world. We power brands that drive fashion forward – for
good. Our brand portfolio includes the iconic CALVIN KLEIN, TOMMY
HILFIGER, Van Heusen, IZOD, ARROW, Speedo*, Warner’s, Olga and
Geoffrey Beene brands, as well as the digital-centric True &
Co. intimates brand. We market a variety of goods under these and
other nationally and internationally known owned and licensed
brands. PVH has over 38,000 associates operating in over 40
countries and $9.7 billion in annual revenues. That's the Power of
Us. That’s the Power of PVH.
*The Speedo brand is licensed for North America and the
Caribbean in perpetuity from Speedo International Limited.
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PVH Corp. Samantha Critchell VP, PVH Comm 212-381-3566 (o)
917-587-0568 (m) pvhcomm@pvh.com
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