2018 was an outstanding year for PVH. We furthered our commitment to our consumers by delivering excellent products offered at great values, and continued to invest in areas that are most impacted by the changing dynamics in the industry – the growing prominence of digital, the importance of having a nimble and responsive supply chain, harnessing the power of data to personalize consumer experiences, and further investments around sustainability. Our efforts to be more agile and empower associates drove our performance, and I am inspired every day by what I see across the company: creativity, vision and desire to power change the right way. From our associates’ embodiment of our values and our efforts to invest in their long-term success, to our ongoing commitment to Corporate Responsibility (“CR”), I am so proud of what our organization stands for. We recognize our responsibility as an industry leader to consider CR throughout our strategic business decisions to positively affect human rights, environmental protection, inclusion and diversity, as well as community engagement. Our success is not only measured by our business results, but also by how we achieve them. This is the Power of Us. This is the Power of PVH.
Chairman & Chief Executive Officer
2018 marked a year of action for PVH, one that pushed us further than ever before. We made large-scale public commitments and stood alongside our like-minded peers to advocate for a more sustainable future. We also developed the next evolution of our Corporate Responsibility strategy – Forward Fashion. Our vision is to drive fashion forward for good and we want to take our associates, our partners and our consumers along on our journey.
Within Forward Fashion, we are most excited to announce our 15 targets, aimed to deepen our level of ambition, keep us accountable and ensure confidence in our approach. We are grounding these priorities in areas where we can have the greatest impact and setting targets that are specific, measurable and time-bound. Internally, they give us a shared roadmap and a clear objective to work toward. Externally, they represent action-oriented leadership of which we are deeply proud. We, like any large business, face complex challenges in ensuring our business is responsible and sustainable, and Forward Fashion is our commitment to getting it right.
In an effort to drive progress through transparency, we are highlighting not only our successes from the past year but also our opportunities for improvement. We continue to evolve our approach to reporting by measuring against metrics set by the Sustainability Accounting Standards Board (“SASB”) and again aligning our strategy with the UN Sustainable Development Goals.
Above all, what fuels us is the opportunity to create truly lasting impact. Here, we are taking a moment to celebrate stories of our impact: the changes to everyday life our work has enabled and the people who have in turn inspired us to keep pushing, including our own team members. We are committed to making the hard decisions, working collaboratively to effect change at scale and sharing our lessons and challenges along the way.
We hope you’ll join us.
Chief Risk Officer
Marissa Pagnani McGowan
Senior Vice President, Corporate Responsibility