Letter from the CEO

Dear Teammate,

As a global company with two of the world’s most successful and best-loved retail brands, Victoria’s Secret and PINK, our success is driven by you. Your shared values, expertise and commitment to the business are what enable our brands to be active forces of good – for our associates, our customers, our partners, our communities and the world.

The good we bring to the world starts with the choices we make each day. Showing up the Victoria’s Secret & Co. way – treating others fairly, acting with integrity, behaving ethically and always following the law – is more than a source of pride. It’s a driver of performance and leads to growth that benefits us all.

This Code of Conduct makes clear and codifies our expectations about how we show up in our work and interactions with one another. It is a guidebook to our responsibility, both in adhering to The Code as individuals, and to holding others accountable for living it, too.

Please review the Code and company policies, think about what they mean to you and uphold them in everything you do. If you’re unclear, ask questions. And if you ever see anything that seems inconsistent with our Code, be sure to talk to your manager, human resources partner, or our Global Ethics & Compliance team.

Thank you for sharing in the responsibility.

Martin Waters Signature

Martin Waters,
Chief Executive Officer
VS&Co & Victoria’s Secret