VF Corporation, a global trailblazer in the realm of branded lifestyle apparel, footwear, and accessories, has unveiled its latest Made for Change Sustainability & Responsibility report titled "Seizing the Momentum." This comprehensive report offers a transparent overview of the company's strides toward achieving science-based targets, product traceability goals, and other pivotal social and environmental commitments.
The fifth installment of the Made for Change report delves into VF’s concerted efforts in three key areas: People, Planet, and Product. These encompass a wide range of initiatives, from gender parity and community investments to climate change mitigation, renewable energy adoption, and responsible material usage. The report also underscores VF and its brands' collaborative endeavors to scale and expedite meaningful progress aligned with their overarching Purpose.
Notable brand initiatives featured in the report include the launch of the Vans® brand’s Sustainability Hub and the introduction of its new VR3 product line and labeling. Additionally, the Timberland® brand’s TimberloopTM takeback program and resale website launched in the U.S. are spotlighted as exemplary actions contributing to sustainability.
Driving Positive Impact: Achievements in People and Inclusion
Sean Cady, VF’s Vice President of global Sustainability, Responsibility, and Trade, emphasized the company's sense of urgency in the current global landscape. He stated, “VF is acting with urgency in this important moment for social and environmental progress. 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.”
The report's highlights include significant achievements in the areas of People, where VF’s Worker & Community Development programs have provided support to over 248,000 people in FY22 alone. The company is on track to improve the lives of 1 million people by FY26 and 2 million by FY31. In the realm of Inclusion, Diversity, Equity & Action (IDEA), VF is making strides toward gender parity globally and increased representation of Black, Indigenous, and People of Color (BIPOC) in leadership positions.
Environmental Stewardship and Product Transparency Milestones
Under the Planet category, VF is making commendable progress against its 2030 science-based greenhouse gas emission reduction targets, showcasing achievements in Scope 1 and 2 emissions, Scope 3 emissions, renewable energy adoption, and waste reduction. In the Product category, VF has met its goal of publishing traceability maps for 100 of its brands’ most iconic products in FY22. The company continues to expand its traceability program, aiming to trace five key materials through 100% of the supply chain by FY28.
The report also sheds light on VF’s commitment to sustainability reporting standards, having been prepared in accordance with Global Reporting Initiative (GRI) Standards 2018, Core option, Sustainability Accounting Standards Board (SASB) Apparel, Accessories & Footwear Standard 2018, Task Force on Climate-related Financial Disclosures (TCFD), United Nations Sustainable Development Goals (UN SDGs), and serving as their UN Global Compact (UNGC) Communication on Progress.
About VF Corporation
Founded in 1899, VF Corporation stands as one of the world’s largest active-lifestyle companies. Its portfolio includes renowned outdoor, active, workwear, and streetwear brands such as Vans®, The North Face®, Timberland®, and Dickies®. The company's Purpose revolves around powering movements of sustainable and active lifestyles for the betterment of people and the planet, aiming to create value for all stakeholders and use its influence as a force for good.