PVH Corp. (PVH) — ESG & Values Scores

Environment story

PVH demonstrates weak environmental performance with significant operational and supply-chain carbon exposure. The company discloses no quantified Scope 1, 2, or 3 emissions metrics in available filings, and no credible net-zero target year is stated. While the 10-K acknowledges climate-related risks (water scarcity, raw-material disruption, supply-chain carbon), the company has not disclosed concrete GHG reduction initiatives, renewable energy procurement percentages, or physical decarbonization infrastructure investments. The filing emphasizes regulatory compliance pressure and stakeholder scrutiny but provides no verified emissions data or time-bound decarbonization roadmap. Supply-chain reliance on ~30 countries (predominantly Asia) creates unquantified Scope 3 exposure, particularly in cotton production and logistics. The company's acknowledgment of increased tariffs and supply-chain volatility further suggests elevated carbon footprint volatility without demonstrated mitigation.

Criticisms on file

China MOFCOM Investigation & Unreliable Entities List (UEL) Placement
Source: PVH 10-K Item 1A Risk Factors; MOFCOM announcement January 2025, February 2025
No disclosed emissions baseline or net-zero target; stakeholder pressure on climate disclosures acknowledged but unmet
Source: PVH 10-K Item 1A Risk Factors: 'Increased regulation and stakeholder scrutiny regarding our corporate responsibility matters'
Supply-chain climate vulnerability (water scarcity, extreme weather, raw-material disruption) without quantified mitigation
Source: PVH 10-K Item 1A Risk Factors: 'Our business is susceptible to risks associated with climate change and environmental degradation'

Disclosed initiatives

Corporate Responsibility Strategy

Company establishes focus areas and targets under a corporate responsibility strategy including greenhouse gas emissions, water usage, and environmentally preferred materials and packaging; however, specific targets, timelines, and measured progress are not disclosed in the 10-K.
Sustainability Product Requirements

Wholesale customers have begun establishing sourcing requirements related to sustainability; the company has received requests for sustainability information and some customers require sustainable materials or packaging.

May increase raw material and production costs but no quantified environmental benefit disclosed.

Social story

PVH's social performance is mixed. The company demonstrates commitment to labor compliance auditing and supplier ethical standards, but the 10-K contains no disclosed CEO-to-median-worker pay ratio, workforce turnover rate, or leadership diversity percentages. The filing acknowledges supply-chain labor-audit protocols and references forced-labor prevention legislation compliance (UFPLA, WROs) but does not disclose detailed audit findings or remediation metrics. The company recognizes increased regulatory scrutiny around labor and human rights but does not report union-standing status, documented strikes, or active suppression activities within the past 24 months. No evidence of formal union suppression or major strikes is disclosed; however, the absence of positive union-engagement statements (e.g., neutrality agreements, cooperative frameworks) suggests minimal proactive labor relations. Diversity data for executives and the board is not disclosed in the 10-K.

Criticisms on file

No disclosed CEO-to-median-worker pay ratio, workforce turnover, or leadership diversity percentages in 10-K
Source: PVH 10-K; absence of disclosure in executive compensation or DEI sections
Supply-chain human-rights risks acknowledged but audit findings and remediation outcomes not disclosed
Source: PVH 10-K Item 1A Risk Factors: 'If any of these suppliers or business partners violates labor, environmental, building and fire safety, or other laws'
No disclosed union-engagement status, neutrality agreements, or proactive labor-relations framework
Source: PVH 10-K; absence of union-standing disclosures

Disclosed initiatives

Supply-Chain Labor Compliance Auditing

Company requires suppliers, licensees, and business partners to operate in compliance with international labor standards and applicable laws. Third-party audits are conducted to determine compliance with working conditions, employment practices, and environmental compliance.

Mitigates but does not eliminate supply-chain labor risk; company acknowledges it does not oversee entirety of supply chains.
Forced Labor Prevention Compliance

Company acknowledges enforcement of Uyghur Forced Labor Prevention Act (UFPLA) and compliance with Worker Rights Obligations (WROs) as part of sourcing and supply-chain vetting.

Addresses specific high-risk geographies (e.g., Xinjiang) but effectiveness not independently verified.
Ethical Business Practices Guidelines

Company imposes operating guidelines on business partners requiring additional obligations to promote ethical business practices.

Framework exists but compliance metrics and audit outcomes not disclosed.

Governance story

PVH's governance structure exhibits moderate deficiencies. The company operates with a single-class share structure (no disclosed dual-class voting inequity), mitigating this major governance risk. However, the 10-K does not disclose board independence percentage, limiting assessment of board composition rigor. The company acknowledges recent material weaknesses in internal IT controls (user access management over ERP systems in EMEA region as of February 2, 2025), which has been remediated but indicates prior governance lapses. PVH discloses no active lobbying expenditures or PAC contributions in the filing excerpts provided; therefore, alignment of lobbying positions with climate or consumer-protection deregulation cannot be assessed from these materials. The company faces significant regulatory challenges including placement on China's Unreliable Entities List (UEL), which may trigger trading restrictions and supply-chain disruptions—a governance-level risk related to geopolitical exposure and compliance. The company is undergoing a major multi-year SAP S/4 ERP implementation, which introduces system-control risks. No active antitrust, consumer-safety, or financial-fraud proceedings are explicitly disclosed; however, the MOFCOM investigation and UEL listing constitute a material regulatory matter.

Criticisms on file

Material Weakness in Internal Controls (IT General Controls)
Source: PVH 10-K Item 8, Form 10-K as of February 2, 2025; remediated by filing date
China MOFCOM UEL Listing (January–February 2025) with potential for material fines and trading/operational restrictions
Source: PVH 10-K Item 1A Risk Factors; MOFCOM announcements September 2024–February 2025
Board independence percentage not disclosed; assessment of board composition rigor cannot be verified
Source: PVH 10-K; absence of board composition disclosure
Lobbying expenditures and PAC contributions not disclosed in provided 10-K sections; cannot assess alignment with environmental or consumer-protection policy positions
Source: PVH 10-K sections provided; lobbying disclosures may exist in proxy statement (not provided)

Disclosed initiatives

Internal Control Remediation

Company remediated material weakness in IT general controls related to user access management over enterprise resource planning systems in EMEA region.

Strengthens financial reporting and disclosure controls; no material misstatement resulted from the identified weakness.
Cybersecurity Framework Implementation

Company utilizes NIST Cybersecurity Framework v2.0 for risk identification and mitigation; conducts annual third-party maturity assessments, phishing exercises, penetration tests, and mandatory associate training.

Proactive security posture; reduces operational and reputational cybersecurity risk.
Data Privacy Program

Global data privacy program and compliance framework established to address GDPR, CCPA/CPRA, China PIPL, Korea PIPA, and other jurisdiction-specific regulations.

Addresses regulatory compliance; does not eliminate legal/enforcement risk.
SAP S/4 ERP Implementation

Multi-year, company-wide system upgrade underway to modernize IT infrastructure and financial reporting systems.

Intended to improve operational efficiency and controls; introduces short-term implementation risk and potential disruption.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of PVH Corp.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open PVH Corp. in the app for interactive charts and portfolio building.

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