VF Corporation Named One of the World's Most Ethical Companies by the Ethisphere Institute
February 14 2018 - 6:55AM
Business Wire
VF Corporation (NYSE: VFC), a global leader in branded lifestyle
apparel, footwear and accessories, has been recognized as one of
the 2018 World’s Most Ethical Companies by the Ethisphere
Institute, a global leader in defining and advancing the standards
of ethical business practices. VF is the only apparel company to
make the list, underscoring the company’s commitment to leading its
industry through ethical business standards and practices.
“We are honored to be once again recognized as one of the
world’s most ethical companies,” said Steve Rendle, VF’s Chairman,
President and CEO. “At VF, we believe that business success and
social responsibility are interconnected. Our 65,000 associates
around the world operate by this ethos every day, and this
recognition is testament to their integrity, commitment and passion
for doing the right thing across VF’s global enterprise.”
The World's Most Ethical Companies assessment is based upon 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 manner. The information
collected provides a comprehensive sampling of definitive criteria
of core competencies in the areas of corporate governance, risk,
sustainability, compliance and ethics.
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). All companies that participate in the assessment
process receive their scores, providing them with valuable insights
into how they stack up against leading organizations.
“While the discourse around the world changed profoundly in
2017, a stronger voice emerged. Global corporations operating
with a common rule of law are now society’s strongest force to
improve the human condition. This year we saw companies
increasingly finding their voice. The World’s Most Ethical
Companies in particular continued to show exemplary leadership,”
explained Ethisphere’s CEO, Timothy Erblich. "I congratulate
everyone at VF for being recognized as one of the World's Most
Ethical Companies."
In 2018, 135 honorees were recognized, spanning 23 countries and
57 industries. The twelfth class of honorees had record levels of
involvement with their stakeholders and their communities around
the world. Measuring and improving culture, leading authentically
and committing to transparency, diversity and inclusion were all
priorities for honorees. The full list of the 2018 World's Most
Ethical Companies can be found at
https://worldsmostethicalcompanies.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 and measure and improve culture. Ethisphere
honors superior achievement through its World’s Most Ethical
Companies recognition program and provides a community of industry
experts with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at:
https://ethisphere.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180214005464/en/
VF Media Contact:Vanessa McCutchen, 336-424-7776Director,
Corporate CommunicationsVanessa_mccutchen@vfc.comorEthisphere
Media Contact:Clea Nabozny,
480-397-2658Clea.Nabozny@ethisphere.com
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