VF's Made for Change report details the company's aspirations for advancing environmental and social improvements across its business, portfolio of brands, global supply chain and communities worldwide. The report also highlights achievements from the last reporting year, which was 2018.
'Our workforce of 50,000 performance-driven people share 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 Made for Change strategy focuses on three areas:
Circular Business Models: The commercialization of circular business models to reduce VF's environmental impact while creating new growth opportunities;
Scale for Good: Leveraging VF's global scale and influence to drive impact reduction across the business and broader industry; and,
Movement Makers: Enabling VF and its brands to serve as a catalyst for powering movements of sustainable and active lifestyles for the betterment of people and our planet.
Made for Change Report Highlights
As outlined in the report, and in alignment with the UN Sustainable Development Goals, VF has made measurable progress against its targets. Highlights include:
50 percent of VF's distribution centers around the world are zero-waste facilities;
16 of VF's owned buildings are LEED certified;
The launch of a bold sustainable materials vision focusing on three key concepts: regenerative, responsibly sourced renewable, and recycled materials; and,
The improvement of worker livelihoods in
VF's Science-Based Targets Approved by the Science Based Targets initiative
VF's new science-based targets (SBTs) are among the most ambitious in the industry and are aligned with the ideology of using its global scale for good. SBTs are greenhouse gas emission reduction targets that are in line with meeting 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 1 and Scope 2 emissions, and a well-below 2-degree target for its product-related Scope 3 emissions,' stated
VF underwent an intensive, two-year long collaborative process to develop its new SBTs. The company partnered with global consultancy, the
VF's science-based carbon emissions targets include:
An absolute reduction of Scope 1 and 2 greenhouse gas emissions 55 percent by 2030, from a 2017 baseline year; and,
An absolute reduction of Scope 3 greenhouse gas emissions 30 percent by 2030, from a 2017 baseline year focusing on farm-to-retail materials, sourcing operations and logistics.
The Science Based Targets initiative champions science-based target setting as a powerful way of boosting companies' competitive advantage in the transition to the low-carbon economy. It is a collaboration between CDP, the United Nations Global Compact (UNGC),
'This is the most comprehensive strategic advice we have delivered to an organization on how it can achieve its SBTs across its own operations and its value chain,' said
A New Vision for Sustainable Materials
Also announced today, VF's new sustainable materials vision is key to achieving its SBTs. Extraction, production and manufacturing of raw materials account for the largest portion of VF's carbon emissions globally. The innovative vision establishes a clear path for reduction through yet another bold commitment:
By 2030, VF commits that 100 percent of its top nine materials, which account for approximately 90 percent of its materials-related carbon emissions, will originate from regenerative, responsibly sourced renewable, or recycled sources.
Using tools such as the
More information about VF and its Made for Change Sustainability & Responsibility report can be found at www.vfc.com.
About
Founded in 1899,
About the
We advise businesses, governments and the public sector on their opportunities in a sustainable, low carbon world.
We measure and certify the environmental footprint of organisations, supply chains and products.
We develop and deploy low carbon technologies and solutions, from energy efficiency to renewable power.
Director,
Molly_Cuffe@vfc.com
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