VF Corporation Publishes New Made for Change Sustainability & Responsibility Report Revealing Achievements in People, Planet and Product Commitments and Sets a Dozen Ambitious New Goals
“VF Corporation and our family of brands strive to be more than just an apparel and footwear company. Collectively, we work to be a leading global citizen, setting a high bar for corporate sustainability and responsibility,” said
The latest report, Made for Change, is VF’s fourth sustainability and responsibility report and has three primary areas of focus: People, Planet and Product, which include worker development, gender parity, carbon emissions, waste and plastic reduction, responsible sourcing of materials, recycled and regenerative supply chains, and chemicals. In line with its commitment to continuous improvement, the company is also publishing 12 new ambitious goals in the report.
“VF is committed to fueling change in the apparel and footwear industries. We believe there is a reciprocal relationship between purpose and profit, and when we get it right, we create a virtuous cycle that positively impacts the world and our bottom line,” said Cady. “We’re proud of our work to date and know there is more work to do in this space independently and collaboratively with the global apparel industry and beyond. We’re confident we can drive continued progress while simultaneously delivering products that consumers desire.”
Report highlights include:
Worker and Community Development(WCD): Through its WCD programs, VF provided support to 290,000 people through FY2020 and since inception nearly 550,000 workers total as the company strives to achieve its goal of improving the lives of one million workers and their communities by 2025 and two million by 2030.
- Worker well-being: VF has announced ambitious worker rights commitments that aim to promote dignity, social dialogue and equal opportunities for people across its supply chain.
- Workforce Inclusion, Diversity, Equity and Action (IDEA): At end of FY2020, 375+ leaders have been trained to foster inclusion and address unconscious bias.
- Equal Pay: By 2024, assess and resolve any identified pay gaps for associates, sponsored athletes, and influencers across the organization through pay equity analysis and review of pay practices.
Community Impact: In fiscal year 2020, the
VF Foundationdonated $6.2M+ to 72 community partners, including toward COVID-19 relief efforts.
- Scope 1 & 2 Emissions: By sourcing renewable energy and implementing energy efficiency initiatives VF achieved a 17% reduction toward its commitment of an absolute reduction of Scope 1 and 2 greenhouse gas (GHG) emissions of 55% by 2030 from a 2017 baseline.
- Scope 3 Emissions: Over 50 million metric tons of GHG reductions were achieved through supplier factory sustainability programs. And despite experiencing a significant growth in business between 2017 and 2020, VF saw no corresponding increase in Scope 3 emissions, supporting its commitment to an absolute reduction of Scope 3 GHG emissions1 of 30% by 2030 from a 2017 baseline.
- Renewable Energy: 29% of VF’s electric power at owned-and-operated facilities is powered by renewable energy sources. By 2025, the goal is to source 100% renewable energy across all owned-and-operated facilities.
- Waste Reduction: 72% of distribution centers are verified zero-waste2 and will reach 100% verification at the end of calendar year 2021.
Sustainable Materials: 75% of all cotton purchased by VF was grown in the
U.S., Australiaor under a third-party sustainability scheme. VF’s goal is to reach 100% by 2025.
- Traceability: VF set a new goal of tracing five of VF’s key materials through 100% of the supply chain by 2027. The company has already completed the mapping of all leather and cotton sourced by VF brands.
Sustainable Packaging: VF is progressing toward the elimination of single-use plastic packaging by 2025.
VF’s FY2020 sustainability and responsibility report was prepared in alignment with the
Founded in 1899,
1 VF has set a commitment to achieve an absolute reduction of Scope 3 GHG emissions from purchased goods and services and upstream transportation of 30% by 2030 from a 2017 baseline.
2 Based on a diversion rate of 95% or greater