Movado Group Issues Corporate Responsibility Report, Providing Transparency Into Its Environmental, Social, & Governance (ESG...
May 05 2021 - 7:00AM
Business Wire
Movado Group, Inc. (NYSE: MOV) today announced the release of
its Corporate Responsibility Report, providing transparency into
and driving accountability for its environmental, social, and
governance (ESG) programs. The Report follows the disclosure and
reporting requirements of the Global Reporting Initiative (GRI), an
international reporting framework focused on ESG concerns.
The Report is being published following a year characterized by
a global health crisis and corporate disruption. During this time,
Movado Group drew upon its commitment to behave ethically, to
manage responsibly, and to improve the quality of life of those
within its influence.
“We believe that trust, respect, passion, teamwork, and
collaboration are the foundation to achieving results. These
principles helped us navigate over the past year, and they will
help us as we emerge from this period with a renewed sense of
purpose,” says Chairman and CEO Efraim Grinberg.
The Report includes information about Movado Group's historical
approach to ESG, highlights some of its actions from the fiscal
year ended January 31, 2020, and discusses how Movado Group
increased its ESG momentum during the fiscal year ended January 31,
2021. Movado Group sees this as an important step toward
establishing goals that align with its renewed corporate purpose
and creating the framework for a sustainable future. Highlights
include:
- Diversity & Inclusion: The Report provides Movado Group’s
diversity data breakdowns across all associates, management,
executives, and Board members and discusses plans to increase
diversity, equity, inclusion and belonging across Movado
Group.
- Environmental Stewardship: The Report details actions Movado
Group is taking to reduce environmental impacts and to be a better
steward of the planet’s natural resources.
- Social Responsibility: The Report describes Movado Group’s
commitment to its communities and to the issues that impact them.
This commitment extends to those within Movado Group’s influence,
such as members of its value chain.
“I am gratified by the performance and progress made by our
teams during a time of unprecedented uncertainty,” said Grinberg.
“As we move along our Corporate Responsibility journey, we are
committed to continuing to learn, evolve, and grow as a company and
as responsible corporate citizens.”
For more information and to download Movado Group’s Corporate
Responsibility Report, visit
www.movadogroup.com/corporate-responsibility.
ABOUT MOVADO GROUP
Movado Group, Inc. designs, sources, and distributes MOVADO®,
MVMT®, OLIVIA BURTON®, EBEL®, CONCORD®, COACH®, TOMMY HILFIGER®,
HUGO BOSS®, LACOSTE®, and SCUDERIA FERRARI® watches worldwide, and
operates Movado Company Stores in the United States and Canada.
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ICR, Inc. Rachel Schacter/Allison Malkin 203-682-8200
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