NEW YORK--(BUSINESS WIRE)--PVH Corp. [NYSE:PVH] today announced that Corporate Responsibility (CR) Magazine, which is the leading voice of the corporate responsibility profession and the publisher of the 100 Best Corporate Citizens List, had named Emanuel Chirico, Chairman and CEO of PVH, a 2016 Responsible CEO of the Year Lifetime Achievement Award winner. The awards are presented to chief executive officers who visibly exceed standards in the areas of energy and the environment, risk management, governance and compliance, employee relations, and human rights.
“I’m honored to receive this award but it is a testament to the great work and deep commitment of our incredible and dedicated associates around the world,” said Mr. Chirico. “We believe corporate responsibility helps strengthen our organization by managing risk, maximizing efficiencies and driving value in a rapidly changing world. I believe that through our CR efforts, we can continue to create value for both society and our stockholders.”
The award recognizes PVH’s progress working with various stakeholders to drive positive impacts around the world. PVH’s CR program is structured with 10 commitments across three key focus areas: empowering people; preserving the environment; and supporting communities. The commitments support 14 of the UN’s 17 Sustainable Development Goals, covering issues such as building safety, chemical management, greenhouse gases, inclusion and diversity, and supporting the needs of women and children. Recent highlights include PVH’s Global Supply Chain team’s efforts to help create a “best-in-class” apparel manufacturing industry in Ethiopia; Tommy Hilfiger partnering with the World Wide Fund for Nature to help safeguard water resources in the Taihu and Mekong river basins; Speedo partnering with Italian yarn maker Aquafil and Chinese supplier Parawin to transform nylon factory remnants into new swimsuits; and PVH’s role as the “lead” brand owner for the Accord on Fire and Building Safety in Bangladesh in all factories where PVH has production. PVH has been recognized by CR Magazine on its 100 Best Corporate Citizens List for six consecutive years, particularly for its leadership in the human rights area.
In addition to PVH’s external partnerships, the Company continues to drive internal efforts on corporate responsibility, including calculating for the first time greenhouse gas emissions at all of its facilities and inclusion and diversity initiatives focused on providing an environment where every individual is valued. PVH also launched globally in 2015 PVH University online to expand learning and development opportunities for the 9,000 office-based associates. To learn more about PVH’s corporate responsibility initiatives, please visit http://www.pvh.com/CR.
About the Award
All award winners were nominated by members of the CR community and selected by an independent judging panel comprised of previous winners and industry leaders.
To determine the winners, judges considered multiple facets of the standards referenced above, including the scope of the CEO's impact on their organization and community, the extent to which the CEO drove this initiative, and the individual reputational or professional risk taken by the CEO.
“Today’s business landscape requires CEOs to maintain a balance between their commitment to investors and shareholders and their desire to ensure that their company’s daily actions exceed the requirements and responsibilities of corporate citizens," said Elliot Clark, CEO of CR Magazine. “We are pleased to shine a spotlight on these three winners, each of whom sets a clear example for their peers by maintaining sustainable supply chains, as well as by creating transparent company cultures that promote and reward corporate social responsibility and authenticity in every area of their enterprises.”
The 2016 award winners were honored at CR Magazine’s Responsible CEO of the Year Awards Dinner held at the COMMIT!Forum on Wednesday, October 19, at The Westin Times Square Hotel in New York City.
About PVH Corp.
With a history going back over 130 years, PVH Corp. has excelled at growing brands and businesses with rich American heritages, becoming one of the largest apparel companies in the world. We have over 30,000 associates operating in over 40 countries and over $8 billion in annual revenues. We own the iconic Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Speedo*, Warner’s and Olga brands and market a variety of goods under these and other nationally and internationally known owned and licensed brands. For more information, please visit www.pvh.com.
*The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International, Ltd.
About CR Magazine
CR Magazine is the voice of the corporate responsibility profession covering case studies, best practices, and trends in the five primary segments of the CR profession: a) Governance, risk and compliance, b) Environmental sustainability c) Corporate social responsibility, d) Philanthropy, and e) Workforce/diversity. Visit www.thecro.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this press release, including, without limitation, statements relating to its plans, strategies, objectives, expectations and intentions are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, without limitation: (i) the Company’s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the Company may be considered to be highly leveraged and uses a significant portion of its cash flows to service its indebtedness, as a result of which the Company might not have sufficient funds to operate in the manner it intends or has operated in the past; and (iii) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.
The Company does not undertake any obligation to update publicly any forward-looking statement, whether as a result of the receipt of new information, future events or otherwise.
