PVH Corp has received approval of its absolute greenhouse gas (GHG) emission reduction targets from the Science Based Target initiative, marking the company’s progress towards a zero-carbon economy, according to its 2019 annual Corporate Responsibility (CR) Report, first since last year’s launch of its ambitious CR strategy - Forward Fashion.
Forward Fashion sets a new level of ambition to drive transformational change across PVH, its businesses and the fashion industry. The CR report highlights the company’s progress in reducing negative impacts to zero and increasing positive impacts to 100 per cent. This is PVH’s 12th annual CR report.
This year’s report increases the company’s data disclosure and expands transparency around workforce inclusion and diversity (I and D) information. PVH sees this as an important first step in meaningful progress to ensure all people and communities are represented, and in creating a workplace environment where every individual is valued and every voice is heard.
The report highlights that the company sourced approximately 50 per cent of its cotton footprint sustainably. This is halfway towards its target to sustainably source 100 per cent of its cotton by 2025. It also expanded I and D data disclosing gender and racial/ethnicity representation breakdowns across both PVH’s corporate offices, and retail and warehouse facilities.
The company has reached its goal and CR target of achieving gender parity in leadership positions (defined as VP+ level). Going forward, PVH will focus on achieving gender parity at the most senior leadership levels (SVP+).