VF Corporation Named One of the World's Most Ethical Companies by the Ethisphere Institute
March 20 2017 - 9:25AM
Business Wire
VF Corporation (NYSE: VFC), a global leader in branded lifestyle
apparel, footwear and accessories, has been recognized as a 2017
World’s Most Ethical Company® by the Ethisphere Institute, a global
leader in defining and advancing the standards of ethical business
practices. VF is one of only three apparel companies to make the
list, underscoring the company’s commitment to leading its industry
through ethical business standards and practices.
“At VF, we strive to lead by example by embedding responsible
practices and behaviors into everything we do,” said Steve Rendle,
VF’s President and Chief Executive Officer. “We are honored to be
recognized by the Ethisphere Institute for the work our associates
lead across VF and our brands to manage our global business with
integrity.”
The World's Most Ethical Company assessment is based on the
Ethisphere Institute’s Ethics Quotient® (EQ) framework, which
offers a quantitative way to assess a company’s performance in an
objective, consistent and standardized way. The information
collected provides a comprehensive sampling of definitive criteria
of core competencies in the areas of corporate governance, risk,
sustainability, compliance and ethics.
“Over the last 11 years, we have seen the shift in societal
expectations, constant redefinition of laws and regulations and the
geo-political climate. We have also seen how companies honored as
the World’s Most Ethical respond to these challenges. They
invest in their local communities around the world, embrace
strategies of diversity and inclusion, and focus on long term-ism
as a sustainable business advantage,” explained Ethisphere’s Chief
Executive Officer, Timothy Erblich. "Congratulations to everyone at
VF for being recognized as a World's Most Ethical Company."
Scores are generated in five key categories: ethics and
compliance program (35 percent), corporate citizenship and
responsibility (20 percent), culture of ethics (20 percent),
governance (15 percent) and leadership, innovation and reputation
(10 percent). Full scores are provided to all companies who
participate in the process.
2017 is the 11th year that Ethisphere has honored those
companies that recognize their role in society to influence and
drive positive change, consider the impact of their actions on
their employees, investors, customers and other key stakeholders,
and use their values and culture as an underpinning to the
decisions they make every day. The full list of the 2017 World's
Most Ethical Companies can be found at
http://worldsmostethicalcompanies.ethisphere.com/honorees/.
About VF
VF Corporation (NYSE: VFC) outfits consumers around the world
with its diverse portfolio of iconic lifestyle brands, including
Vans®, The North Face®, Timberland®, Wrangler® and Lee®.
Founded in 1899, VF is one of the world’s largest apparel, footwear
and accessories companies with socially and environmentally
responsible operations spanning numerous geographies, product
categories and distribution channels. VF is committed to delivering
innovative products to consumers and creating long-term value for
its customers and shareholders. For more information,
visit www.vfc.com.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and
advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success.
Ethisphere has deep expertise in measuring and defining core ethics
standards using data-driven insights that help companies enhance
corporate character. Ethisphere honors superior achievement through
its World’s Most Ethical Companies recognition program, provides a
community of industry experts with the Business Ethics Leadership
Alliance (BELA) and showcases trends and best practices in ethics
with the publication of Ethisphere Magazine. More information about
Ethisphere can be found at: http://ethisphere.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170320005655/en/
VF CorporationVanessa McCutchen, 336-424-7776Director,
Public RelationsVanessa_mccutchen@vfc.comorEthisphere Clea
Nabozny, 480-397-2658Clea.Nabozny@ethisphere.com
VF (NYSE:VFC)
Historical Stock Chart
From Mar 2024 to Apr 2024
VF (NYSE:VFC)
Historical Stock Chart
From Apr 2023 to Apr 2024