PVH Corp., the well-known US-based clothing company that owns brands such as Van Heusen, Tommy Hilfiger, Calvin Klein, IZOD and Arrow, today published its 12th Annual Corporate Responsibility (CR) Report.
This is the first report published since last year’s launch of PVH’s ambitious CR strategy, Forward Fashion, which set a new level of ambition to drive transformational change across PVH, its businesses and the fashion industry.
The report highlights that in India and Bangladesh, PVH supplier factories’ average hourly wage is slightly higher compared to apparel sector’s average hourly wage. Similar is the situation with the Sri Lankan and Turkish suppliers of the company; however, the same in less in China and Vietnam.
In India, PVH supplier factories’ average hourly wage is between Rs. 40-50, while in Bangladesh, it is higher than Taka 50. In China, the average hourly wage paid by PVH supplier factories is less than 12 Yuan, which is China’s apparel sector’s average hourly wage.
This report increases company’s data disclosure and expands transparency around workforce inclusion and diversity (I&D) information. PVH sees this as an important first step in meaningful progress to ensure all people and communities are represented, and in creating a workplace environment where every individual is valued and every voice is heard.
The company has reiterated its commitment to delivering on its long-term strategy and its focus on reducing the company’s negative impacts to zero, increasing positive impacts to 100 per cent and improving the lives of the over 1 million people across its value chain.
Manny Chirico, Chairman and CEO of the company says, “While the apparel industry will be uniquely transformed post-pandemic, we have a responsibility to help shape this `new normal’ for the benefit of all stakeholders. We are steadfast in our commitments to prioritise climate action, to build tighter, more resilient supply chains, to fight for social justice, and to deliver more sustainable products to our consumers,”
The report also highlights that the PVH Corp. implemented the Social and Labor Convergence Program (SLCP) assessment with 99 facilities across India, China and Sri Lanka with the goal of 100 per cent adoption by the end of 2022.