Emanuel Chirico Honored as a CR Magazine 2016 Responsible CEO of the Year Lifetime Achievement Award Winner
October 20 2016 - 4:51PM
Business Wire
PVH Chairman and CEO Recognized for Corporate
Responsibility Leadership
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161020006628/en/
Media / Investors:PVH Corp.Dana Perlman, (212)
381-3502investorrelations@pvh.com
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