VF Corporation Publishes Sustainability & Responsibility Report for Fiscal Year 2022

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 Timberloop^TM 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:

• Worker & Community Development (WCD): Through its WCD programs, VF provided support to over 248,000 people in FY22 and more than 652,000 unique individuals since the program’s inception, as the company seeks to improve the lives of 1 million people by FY26 and 2 million by FY31.
• Inclusion, Diversity, Equity & Action (IDEA): VF is making meaningful progress toward its aspiration to achieve gender parity globally in director and above positions and 25% representation of Black, Indigenous and People of Color (BIPOC) in director and above positions in the U.S. by FY30. VF reported 41.8% of global female leaders and 18.1% of U.S. BIPOC leaders at the end of FY22.
• Community Impact: VF associates contributed over 167,500 volunteer hours from FY19 to FY22 and VF’s brands provided more than $15.6 million in monetary and product donations in FY21.

Planet: