Climate Change Data

Environmental Metrics

ESG Focus Areas

• People (including human rights and human resources)
• Environment
• Communities

Environmental Achievements

• Calculated global greenhouse gas emissions across 100% of PVH’s facilities for the first time.
• Launched a sustainable packaging initiative.
• Tommy Hilfiger procured >50% of Better Cotton – an increase of more than eight times over 2014.
• Speedo USA partnered with Italian yarn maker Aquafil and Chinese supplier Parawin to transform nylon factory remnants into new Speedo PowerFLEX Eco swimsuits.

Social Achievements

• Expanded CR capacity-building program to improve the lives of nearly 1M garment workers in the supply chain.
• Launched PVH University to 9,000 corporate associates globally.
• 100% participation achieved for Inclusion & Diversity course on confronting unconscious bias by all senior leaders in the U.S.
• Began acting as the “lead” brand owner for the Accord on Fire and Building Safety in Bangladesh in all factories where PVH has production.
• Trained 4,000+ of our level 1 suppliers on responsible chemical management.

Governance Achievements

• Oversight of the CR program starts at the highest level, with the PVH Board of Directors and the PVH leadership team.
• All PVH associates, as well as PVH Board members, participate in PVH Complies, our compliance training program.

Climate Goals & Targets

Environmental Challenges

• Complex human rights issues in the apparel industry.
• Political instability and sectarian violence in sourcing countries posing risks to supply continuity.
• Water use and management present one of the biggest risks to global development.
• Delays in addressing safety issues in Bangladesh.

Mitigation Strategies

• Partnering with suppliers to improve performance, in line with A Shared Commitment.
• Strengthening supplier partnerships, driving operational excellence and moving beyond compliance by enhancing remediation and capacity-building.
• Developing a global water strategy informed by a water risk analysis in our operations and supply chain.
• Conducting an in-depth analysis of the root causes of delays in addressing safety issues in Bangladesh and engaging with all stakeholders.

Supply Chain Management

Supplier Audits: 2,167 assessments in 2015

Responsible Procurement

• A Shared Commitment, code of conduct for business partners
• Responsible purchasing practices

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4

Sustainable Products & Innovation

• Speedo PowerFLEX Eco swimsuits

Awards & Recognition

• 2015 Corporate Responsibility Magazine “100 Best Corporate Citizens List,” #2 ranking in Human Rights category

Environmental Metrics

ESG Focus Areas

• Empowering People
• Preserving the Environment
• Supporting Communities

Environmental Achievements

• Launched sustainable packaging initiative to reduce waste and send zero waste to landfill.
• Set a global GHG reduction target for direct operations—to reduce Scope 1 and Scope 2 emissions by 35% by 2030.
• Tommy Hilfiger procured more than 10,000,000 kg of Better Cotton, equaling 27% of its cotton volume.

Social Achievements

• Reaccredited by the FLA for the third consecutive time.
• Named top remediator by the Accord on Fire and Building Safety in Bangladesh.
• Expanded focus on I&D by establishing an I&D Council in Asia.
• Launched PVH University, offering on-demand leadership and development classes.

Governance Achievements

• Emanuel Chirico received Lifetime Achievement Award from CR Magazine.
• Completed first CDP Climate and Water Questionnaires.

Climate Goals & Targets

Environmental Challenges

• Worker unrest, poor safety and labor conditions, and political instability in sourcing countries.
• Apparel industry contributes 20% of industrial water waste and 10% of global carbon emissions.
• Geopolitical volatility, trade, tax and regulatory changes, foreign currency pressures and shifts in consumer consumption patterns.

Mitigation Strategies

• Enhanced CR strategy with ten commitments.
• Strengthening human rights program, bringing new emphasis to environmental efforts.
• Expanding assessment program to Level 2 suppliers for greater transparency.
• Investing in creating a responsible manufacturing operation at Hawassa Industrial Park (HIP) in Ethiopia.
• Implementing stringent internal procedures to oversee remediation efforts.

Supply Chain Management

Supplier Audits: 2,150

Responsible Procurement

• A Shared Commitment code of conduct
• Higg Index FEM
• ZDHC MRSL and Wastewater Guidelines
• Oeko-Tex, STeP or Bluesign certifications

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Core, UN Global Compact

Certifications: ENERGY STAR, BREEAM, LEED, BOMA Best Silver

Sustainable Products & Innovation

• Powerflex Eco swimwear collection with Econyl® nylon

Awards & Recognition

• CR Magazine’s Responsible CEO of the Year – Lifetime Achievement Award
• #2 ranking in the “Human Rights” category of CR Magazine’s top 100 “Best Corporate Citizens” list

Environmental Metrics

ESG Focus Areas

• Climate Change
• Supply Chain Sustainability
• Social Justice
• Diversity & Inclusion
• Water Stewardship

Environmental Achievements

• 28% of energy used in offices, warehouses, and stores was from renewable sources.
• 57% of waste diverted from landfills.
• All key wet processors provided verified SAC Higg 3.0 FEM data.
• Launched a U.S.-wide internal clothing takeback campaign.
• Tommy Hilfiger launched its first collection of 100% recycled jeans.

Social Achievements

• Launched Forward Fashion strategy with 15 time-bound targets.
• Improved CDP water score to A-.
• Obtained a license for the P.A.C.E. learning program for female garment workers.
• Signed the “Open to All” pledge.
• Partnered with Howard University to develop young students’ business acumen.
• 50.6% of leadership positions filled by females.

Governance Achievements

• CEO signed collective statement supporting the Paris Agreement.
• Received approval of absolute GHG emission reduction targets from the Science Based Targets initiative.
• Joined the Fashion Pact and other industry initiatives.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to COVID-19 pandemic.
• Systemic racism and social inequality.
• Need to improve data collection and verification.

Mitigation Strategies

• Supplied over ten million face masks to associates worldwide.
• Expanded offerings on PVH University.
• Donated over $2 million to COVID-19 relief efforts.
• Published targets focused on racial equality.
• Continued to work towards Forward Fashion targets.

Supply Chain Management

Supplier Audits: 1,834 suppliers assessed; 80% assessments conducted

Responsible Procurement

• Code of Conduct, CR Supply Chain Guidelines, social and environmental standards, Higg FEM assessment, SLCP assessment

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products, renewable energy sourcing

Reporting Standards

Frameworks Used: GRI Standards (Core option), UN Global Compact Ten Principles

Certifications: Great Place To Work® (US)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 6 (Clean Water and Sanitation)
• Goal 8 (Decent Work and Economic Growth)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 17 (Partnerships for the Goals)

See report for details on how initiatives contribute to SDGs.

Sustainable Products & Innovation

• Tommy Hilfiger's recycled jeans, Low Impact Denim program

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Inclusion and Diversity

Environmental Achievements

• 22% reduction in scope 1 & 2 Greenhouse Gas (GHG) emissions from the prior year
• Increased use of sustainable materials (packaging and fabric)
• First 100% recycled cotton denim style launched
• Calvin Klein more than doubled its use of sustainable materials from the previous year

Social Achievements

• Created and endorsed the International Labour Organization’s (ILO) Call to Action to protect garment workers during the pandemic
• Sourced personal protective equipment and donated basic apparel for front-line healthcare workers
• Donated over $2 million toward COVID-19 relief efforts
• Published a white paper in partnership with The Council of Fashion Designers of America (CFDA) titled The State of Diversity, Equity & Inclusion in Fashion
• Hired first Chief Diversity Officer
• Launched global Be BRAAVE initiative

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly impacted revenue (28% decline)
• Supply chain disruptions due to pandemic and factory closures
• Reduced consumer traffic and spending
• Loss of international tourism to the U.S.
• Increased promotional selling and inventory liquidation

Mitigation Strategies

• Supercharged digital business (over 40% growth)
• Rightsized cost base and managed discretionary spend
• Maintained strong balance sheet and raised capital
• Implemented health and safety measures in stores, offices, and distribution centers
• Reduced payroll costs, including temporary furloughs and salary reductions
• Reduced rent expense through rent abatements
• Streamlined North American operations (workforce reduction, exit from Heritage Brands Retail)

Supply Chain Management

Supplier Audits: Nearly 100% of in-scope factories engaged

Responsible Procurement

• Required suppliers to meet quality, human rights, safety, and environmental requirements
• Engaged with factories to implement sustainable solutions
• Partnered with fabric mills on Clean by Design program

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• First 100% recycled cotton denim style
• Calvin Klein’s “The Eco Series” with sustainable cotton, recycled materials, and natural dyes
• CK One Recycle program using Repreve fabric

Awards & Recognition

• Forbes Best Employers for Diversity
• America’s Best Employers for Women
• America’s 100 Most JUST Companies
• Human Rights Campaign’s Corporate Equality Index (100%)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Inclusion and Diversity
• Climate Action

Environmental Achievements

• Scope 1 and 2 greenhouse gas emissions decreased by 21% in 2021.
• Increased renewable energy usage to 53%, exceeding the interim target of 50% by 2025.
• Scope 3 GHG emissions decreased by 18% in 2020 (largely due to COVID-19, not expected to be sustained).
• 53% of cotton procured in 2020 was sustainably sourced.
• Tommy Hilfiger launched its first circular denim collection.
• Calvin Klein transitioned men’s underwear boxes from plastic to paper (at least 50% recycled content).

Social Achievements

• Launched nine global commitments spanning Workplace, Marketplace, and Community.
• Received 100% on the Human Rights Campaign’s 2022 Corporate Equality Index for the sixth consecutive year.
• Became a founding partner of the Social Justice Center at FIT.
• TOMMY HILFIGER and Calvin Klein led campaigns supporting BIPOC entrepreneurs and inclusivity.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to COVID-19 and global events.
• Lack of international tourism impacting North America business.
• Inflationary pressures increasing product and logistics costs.

Mitigation Strategies

• Implemented price increases to mitigate higher costs.
• Increased use of air freight to reduce supply chain delays.
• Streamlined workforce and reduced real estate footprint.
• Focused on working capital management and inventory control.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Signed the International Accord for Health and Safety in the Textile and Garment Industry.
• Joined the U.S. Cotton Trust Protocol.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting supply chain.

Transition Risks

• Increased pressure to expand disclosures and meet sustainability targets.

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Tommy Hilfiger's circular denim collection.
• Calvin Klein's recycled paper packaging.

Awards & Recognition

• #5 on Barron’s 100 Most Sustainable Companies list for 2022.
• TOMMY HILFIGER ranked 5th on Vogue Business Index ESG category.
• Tommy Hilfiger received Outstanding Achievement Award from British Fashion Council.

Environmental Metrics

ESG Focus Areas

• Climate Change
• Human Rights
• Inclusion and Diversity

Environmental Achievements

• Reduced Scope 1 and Scope 2 emissions by 69% from 2017 baseline.
• Achieved 60% renewable energy in owned & operated facilities in 2022 (surpassing 2025 interim target).

Social Achievements

• Launched several associate-led programs to reduce emissions and meet commitments (e.g., Climate Cool in Europe).
• Implemented Forest Protection Policy and packaging Canopy Commitments to protect forests and reduce deforestation risks.

Governance Achievements

• Board-level oversight of climate-related issues through a Corporate Responsibility Committee.
• In-depth qualitative and quantitative climate risk assessment and scenario analysis aligned with TCFD recommendations.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to extreme weather events (e.g., Hurricane Ian).
• Increased costs due to potential carbon taxes and evolving climate-related regulations.
• Challenges in sourcing renewable electricity in specific countries (e.g., Russia due to conflict).

Mitigation Strategies

• Conducted TCFD-aligned climate risk scenario analyses to identify hotspots and develop sustainable products.
• Investing in renewable energy procurement (VPPA's and on-site projects) to reduce reliance on carbon-intensive sources.
• Implementing energy efficiency measures in owned and operated buildings (e.g., LED retrofits).
• Engaging suppliers to adopt new technologies and practices that drive GHG emissions reductions.

Supply Chain Management

Supplier Audits: 48% of suppliers by number; 80% of total procurement spend; 73.5% of supplier-related Scope 3 emissions covered by Higg FEM.

Responsible Procurement

• Higg FEM for environmental impact measurement.
• Clean by Design program for mill improvements.
• Carbon Leadership Program for carbon reduction plans.
• Sustainable materials sourcing (cotton, polyester).

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (cyclones, hurricanes, typhoons), impacting owned & operated facilities and supply chain.
• Chronic physical risks from long-term changes in weather patterns.

Transition Risks

• Increased costs from carbon taxes and evolving regulations.
• Market shifts due to consumer demand for sustainable products.

Opportunities

• Increased sourcing of renewable energy to reduce costs and mitigate energy price fluctuations.
• Development of low-carbon products.

Reporting Standards

Frameworks Used: TCFD, SBTi, GHG Protocol

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

Initiatives contribute to these goals through emissions reductions, renewable energy sourcing, sustainable materials, and waste reduction.

Sustainable Products & Innovation

• Low-impact denim finishes.
• Products using environmentally preferred materials (cotton, polyester).

Environmental Metrics

ESG Focus Areas

• climate action
• human rights
• inclusion and diversity

Environmental Achievements

• Signed a collective Virtual Power Purchase Agreement with 11 other apparel brands for renewable energy sourcing that will enable us to harness solar energy from Spain, covering PVH Europe’s electricity volumes before 2030.
• Lead funder to develop the Apparel Impact Institute’s climate solutions portfolio which acts as a vetted industry marketplace for proven decarbonization programs for suppliers to achieve their own greenhouse gas emissions reductions.

Social Achievements

• Invested approximately $3.6 million with 20 global non-profit organizations to expand opportunities in the fashion industry among underrepresented communities, reaching over 5,000 participants through more than 100 educational events.
• Launched the Executive Women's Leadership Forum in the U.S. to build stronger connections among senior women and accelerate the career progression of women into leadership positions at PVH.
• Expanded nutrition services to over 25,000 women in Bangladesh to prevent maternal malnutrition and low birth weight through the Power of Nutrition partnership.
• Signed the Pakistan Accord to extend legally binding agreements between fashion brands and global trade unions to improve workplace safety for garment workers in Pakistan.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Increased regulation and stakeholder scrutiny regarding environmental, social, and governance (“ESG”) matters.
• Risks associated with climate change and environmental degradation, including potential disruptions to the supply chain and impacts on the availability and costs of raw materials.

Mitigation Strategies

• Established focus areas and targets under our Fashion Forward corporate responsibility strategy in respect to many ESG measures, including in regard to greenhouse gas emissions, water usage and usage of more environmentally preferred materials and packaging, human rights, diversity, and more.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• extreme weather, flooding

Transition Risks

• regulatory changes, market shifts

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Forbes World’s Top Companies for Women (2023)
• America’s Most JUST Companies by JUST Capital (2023)