Engaging with our stakeholders has played an integral role in evolving our CR strategy. As a large apparel company with highly visible brands, we are in regular conversation with organizations and individuals interested in our approach to social and environmental issues. By communicating openly and listening to the things they care about, we gain valuable insights that help us to strengthen our program for greater impact.
We work with multiple stakeholder groups, including associates, investors, suppliers, workers in our supply chain, non-governmental organizations, industry associations, multi-stakeholder initiatives, labor unions, governments, communities, wholesale accounts and our end consumers. We engage with each group in a way that we believe responds to their questions effectively, supports our shared goals and leads to new efforts and improvements to existing ones.
In 2015, we conducted a materiality assessment in line with the GRI G4 guidelines. Building on our 2013 materiality assessment, we identified and prioritized the CR topics that are most material to our business and stakeholders, including by seeking input from stakeholders. We evaluated each topic according to the level of risk and opportunity it presents to our business. This helped to inform our new CR strategy and will be integral to long-term strategy development and reporting.
The stakeholders participating in the assessment included associates throughout our organization and partners including the Fair Labor Association (“FLA”), Better Work, the Zero Discharge of Hazardous Chemicals (“ZDHC”) group, the Sustainable Apparel Coalition (“SAC”) and New York University’s Stern Center for Business and Human Rights. We sought their views through an online survey and in-depth interviews, and conducted a roundtable before finalizing the prioritization of key topics with senior executives.
Looking forward, we will continue to assess and refine our material topics with our stakeholders as required.
The following CR topics were identified through our materiality assessment as important to our business. This table shares both the topics as well as the areas of our value chain where we consider their most relevant impacts.
|Factory fire and structural safety||•||•|
|Responsible sourcing by PVH business units||•||•||•|
|Supplier capacity building||•||•|
|Bribery and corruption & corporate governance||•||•||•||•|
|Health, safety and wellbeing1||•||•|
|Talent management/learning and development||•||•||•|
|Inclusion and diversity||•||•|
|Compensation and benefits||•||•|
|Responsible entry and exit of factories||•||•|
|Packaging and packing||•||•||•|
|Greenhouse gas emissions||•||•||•||•|
|Sustainable product design and manufacturing||•||•||•||•|