'In the face of ongoing challenges impacting the global business community, our employees continue to demonstrate resilience and determination in advancing our Purpose to power movements of sustainable and active lifestyles for the betterment of people and our planet,' said
The company's annual Environmental & Social Responsibility report focuses on VF's primary areas of focus: People, Planet and Product. Report topics cover gender parity; racial equity; human rights; product traceability; climate change; renewable energy; waste reduction; use of responsibly sourced, recycled and regenerative materials; and the reduction of unwanted chemistries from its value chain.
The report also highlights how VF brands are taking action to help drive meaningful results for people and our planet. Examples of VF brand initiatives and achievements featured in the report from FY23 include how the Smartwool brand invested in inclusive sizing with their first plus-size base layers apparel line; the Vans brand championed the LGBTQ+ community with its Off The Wall Pride Gallery Collection and donations to LGBTQ+ advocacy organizations; nearly half (48%) of the icebreaker brand's wool is sourced from growers implementing regenerative practices; The North Face brand launched its first Circular Design products; and the Timberland, Vans and The North Face brands are launching products featuring regeneratively-grown natural rubber.
Additionally, the company overall made progress advancing its Purpose. Some key highlights from the report include:
Representation of Black, Indigenous and People of Color (BIPOC) employees in VF leadership positions (director level and above) in the
Sourcing of recycled polyester by VF increased to 40% in FY22. This is an improvement from 36% in FY21 and puts VF 80% of the way toward achieving our target to use 50% recycled polyester by FY26.
As of FY23,
Seven VF brands operating in the
VF traced 72% of its wool supply chain from farm to finished product in FY23; wool is one of the five key materials that VF has committed to tracing through all five supply chain tiers by FY28.
VF's FY23 Environmental & Social Responsibility report was prepared with reference to the
Founded in 1899,
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