VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, released its fiscal year (FY) 2023 Environmental & Social Responsibility report, Purpose. Driven.
“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 Bracken Darrell, President and CEO of the company.
The report highlights that the representation of Black, Indigenous and People of Colour (BIPOC) employees in VF leadership positions (director level and above) in the US increased to 19 per cent in FY ’23 from 18.1 per cent in FY ’22.
It also says that the sourcing of recycled polyester by VF increased to 40 per cent in FY ’22. This is an improvement from 36 per cent in FY ’21 and puts VF 80 per cent of the way toward achieving our target to use 50 per cent recycled polyester by FY ’26.
As of FY ’23, VF’s Worker & Community Development program has achieved over 80 per cent of its near-term goal to improve the lives of 1 million workers and their communities by FY ’26.
Seven VF brands operating in the Europe, Middle East and Africa (EMEA) region have diverted 96,000 kilograms of single-use packaging plastics from landfills as of FY ’23.
VF traced 72 per cent of its wool supply chain from farm to finished product in FY ’23; wool is one of the five key materials that VF has committed to tracing through all five supply chain tiers by FY ’28.
