VF Corporation was founded in 1899 as one of the most significant apparel, footwear and accessories companies in the world. They feature a range of iconic brands including Vans, The North Face, Timberland and Dickies.
VF Corporation has published its Made for Change Sustainability and Responsibility report and announced new science-based targets and bold vision for sustainable materials. The report highlights the company’s future goals of advancing environmental and social improvements across its business.
“Our workforce of 50,000 performance-driven people shares a commitment to be more than just an apparel and footwear company. We strive to be a purpose-led enterprise that leverages the strength of our business to deliver positive impacts for people and the planet we share,” said VF’s chairman, president and CEO, Steve Rendle.
The Made for Change report motivates the company to work harder while they address the industry’s most challenging issues. The focus areas include circular business models, the scale for good and movement makers.
The company hopes to reduce its environmental impact and serve as a catalyst for movements of sustainable and active lifestyles that benefit the planet.
VF Corporation’s new science-based targets align with the company’s ideology of using its global scale for good. Greenhouse gas emission reduction is one of the science-based targets that meet the goals of the Paris Agreement.
“VF is the largest company in the textiles, apparel, and luxury goods sector to set a 1.5-degree target for its Scope one and Scope two emissions, and a well below 2-degree target for its product-related Scope three emissions,” said the Carbon Trust’s consultant, Ben Peel.
By 2030, VF hopes to have an absolute reduction of Scope one and two greenhouse gas emissions.
Having science-based targets is a powerful way for companies to boost competitive advantage in the low-carbon economy.