The report, Seizing the Momentum, details actions and progress of VF’s environmental and social commitments
DENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, today released its latest Made for Change Sustainability & Responsibility report entitled Seizing the Momentum. The report shares the company’s progress toward its science-based targets, product traceability goals, and other social and environmental commitments.
“At VF, our performance-driven culture is grounded in purpose, which leads us to remain sharply focused on delivering consistent business results while also achieving high standards in environmental and social responsibility,” said Steve Rendle, VF’s Chairman, President and CEO. “Our latest Made for Change report demonstrates how we’re making meaningful progress toward our long-term sustainability commitments through the constant pursuit of responsible and profitable growth.”
The company’s fifth Made for Change report details VF’s actions to advance its primary areas of focus: People, Planet and Product, which include topics covering gender parity; community investments; human rights; worker and community development; traceability; climate change; renewable energy; waste and plastic reduction; use of responsibly sourced, recycled and regenerative materials; and the reduction of unwanted chemicals.
The report also highlights how VF and its brands collectively scale and accelerate meaningful progress aligned with our Purpose. Examples of brand initiatives featured in the report include the launch of the Vans® brand’s Sustainability Hub and the unveiling of its new VR3 product line and labeling; and the Timberland® brand’s TimberloopTM takeback program and resale website launched in the U.S.
“VF is acting with urgency in this important moment for social and environmental progress,” said Sean Cady, VF’s Vice President, Global Sustainability, Responsibility and Trade. “In the face of global uncertainty, we are continuing to push forward the programs we’ve been building for years on climate action, product traceability, materials, human rights, and diversity, equity and inclusion.”
Report highlights include:
People:
Planet:
Product:
VF’s FY22 Sustainability & Responsibility report was prepared in accordance with Global Reporting Initiative (GRI) Standards 2018, Core option; aligned with Sustainability Accounting Standards Board (SASB) Apparel, Accessories & Footwear Standard 2018; informed by the Task Force on Climate-related Financial Disclosures (TCFD); and United Nations Sustainable Development Goals (UN SDGs); and serves as our UN Global Compact (UNGC) Communication on Progress. Unless otherwise stated, all data reported is for VF’s fiscal year 2022.
About VF
Founded in 1899, VF Corporation is one of the world’s largest active-lifestyle companies, which connects people to the activities and experiences they cherish most through a portfolio of outdoor, active, workwear and streetwear brands including Vans®, The North Face®, Timberland® and Dickies®. Our Purpose is to power movements of sustainable and active lifestyles for the betterment of people and our planet. We connect this Purpose with a relentless drive to succeed to create value for all stakeholders and use our company as a force for good. For more information, please visit vfc.com.
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Colin Wheeler VF, Communications VF CorporationColin_Wheeler@vfc.com
Source: VF Corporation