Today, we released our latest Made for Change Sustainability & Responsibility report, Seizing the Momentum.
The report shares measurable progress toward our science-based targets, traceability goals, and other social and environmental commitments.
At
Now more than ever, there's an undeniable urgency to make meaningful and shared progress. Together, we - as a company, an industry and a society - must answer the call to action and do our part.
Following are highlights from some of the areas that underpin our strategy, and much more can be found in our report.
Putting Our Purpose into Action
Embedding Inclusion, Diversity, Equity and Action throughout VF: We are committed to fostering a workplace that celebrates the diversity of our associates. In FY22, we launched several new initiatives and program enhancements to advance our strategy and help our associates find authentic belonging no matter their demographics.
Progress achieved: In FY22, globally, 41.8% of our associates at the director-level and above identified as women and, in the
Uplifting Human Rights: VF is committed to championing the fundamental human rights of everyone involved in our business operations and supply chain. It's a pledge we've outlined in our Human Rights Commitment and helps guide progress on the three strategic pillars of our Responsible Sourcing strategy: 1) Worker Rights; 2)
Progress Achieved: Through our
Acting on Climate Change: VF is taking bold and urgent action to combat climate change. Guided by our approved science-based targets, we're working to reduce greenhouse gas (GHG) emissions within our own operations and across our supply chain while advocating for immediate policy action aligned with the Paris Agreement. We're investing in renewable energy and factoring emissions considerations into our decision making across our value chain, from the materials we purchase to the waste we generate. And we're supporting industry collaborations focused on enabling long-term progress.
Progress Achieved: We achieved 66% of our 2030 target to reduce Scope 1 and 2 GHG emissions by 55%, and 8% of our 2030 target to reduce Scope 3 GHG emissions by 30%.
Traceability: As materials move through our complex global supply chain, gaining an accurate and dynamic understanding of their journey is an arduous but essential undertaking. Traceability is a core activity that supports every aspect of our sustainability and responsibility strategy. Our program leverages commodity volume data, country-level risk maps, supplier surveys and environmental and social risk data to deliver actionable insights for both our business and stakeholders.
Progress Achieved: VF achieved our goal of publishing traceability maps for 100 of our brands' most iconic products by
Uplifting Communities: The positive impact we have in the communities where we live and work is essential to being a Purpose-led business. Our associates are effecting meaningful change through personal passions and with company support and encouragement.
Progress Achieved: VF associates volunteered more than 167,500 hours from FY19 - FY22. VF brands provided more than
Examples of VF 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; the Timberland brand's TimberloopTM takeback program and resale website launched in the
Rising to meet today's challenges requires us to do things differently. At VF, we're embracing this moment and what it means for our collective futures by driving even more momentum behind our sustainability and responsibility work. We hope you take a few minutes to explore our report and learn more.
Contact:
Tel: (800) 446-2617
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