VF Corporation Signs Fashion Industry Charter for Climate Action
May 02 2019 - 7:00AM
Business Wire
VF Corporation, a global leader in branded lifestyle apparel,
footwear and accessories, today announced that it has become a
signatory to the Fashion Industry Charter for Climate Action,
furthering the company’s commitment to global climate advocacy and
engagement.
In signing the charter, VF joins more than 40 fashion and
apparel industry companies in the shared pursuit of net-zero
emissions by 2050, among other specific targets. Under United
Nations Climate Change, the Fashion Industry Charter was launched
at the UN international climate negotiations (COP24) in Katowice,
Poland, in December 2018.
“Prioritizing environmental and social responsibility is
foundational to who we are and how we operate at VF,” said Steve
Rendle, VF’s Chairman, President and CEO. “As one of the largest
companies in our industry, we look forward to the opportunity to
collaborate with our peers in the effort to pursue long-term,
sustainable solutions to climate change.”
Fashion Industry Charter signatories will work as individual
organizations and collectively through six working groups to
advance commitments that include:
- Reducing their aggregate greenhouse gas
emissions by 30 percent by 2030;
- Analyzing and setting a decarbonization
pathway for the fashion industry drawing on methodologies from the
Science-Based Targets initiative;
- Supporting the movement toward circular
business models and acknowledging the positive impact this will
have toward reducing GHG emissions within the fashion sector;
and,
- Establishing a dialogue with
governments in key countries to enable renewable energy, energy
efficiency and the necessary infrastructure for a systemic change
beyond the fashion industry.
Climate action is a central pillar of VF’s sustainability
strategy. In 2015, the company announced its goal to use 100
percent renewable energy in all owned and operated facilities
worldwide by 2025. Its primary corporate offices in the Americas,
Asia Pacific and European regions are LEED Platinum or LEED Gold
Certified, and its new Antwerp, Belgium, office is rated BREEAM
Excellent. Currently, VF is working to establish science-based
climate targets with the goal to announce them later this year.
“The fashion industry is always two steps ahead when it comes to
defining world culture, so I am pleased to see it now also leading
the way in terms of climate action,” said UN Climate Change
Executive Secretary Patricia Espinosa. “I congratulate VF
Corporation on signing this important charter, which represents a
unique commitment and collaboration.”
The impact of VF’s climate actions is amplified by the efforts
of its individual brands, several of which are recognized as global
leaders in environmental sustainability. Notable brand actions
include:
- Through its Cali Wool Collection, The
North Face® brand is expanding its use of Climate Beneficial Wool,
which has a net negative carbon impact at the ranching stage
through the sequestration of carbon in the soil.
- In 2015,
the Timberland® brand achieved its goal to reduce
absolute greenhouse gas emissions by 50 percent versus a 2006
baseline. Currently, 30 percent of the Timberland brand’s
energy comes from renewable sources.
- As the title sponsor of the Vans®
Triple Crown of Surfing, the Vans brand is making the series the
world’s most sustainable surf event by powering it with 70 percent
renewable energy and offsetting 100 percent of the carbon emissions
with verified carbon credits.
The Fashion Industry Charter for Climate Action becomes another
platform for VF to advocate for strong climate action in support of
the Paris Climate Agreement. VF is also a signatory of the American
Business Act on Climate Pledge and the We Are Still In
movement.
To learn more about the climate engagement and advocacy efforts
of VF and its portfolio of brands, visit
sustainability.vfc.com.
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.
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Molly CuffeDirector, Corporate Responsibility
CommunicationsMolly_Cuffe@vfc.com+1.970.875.2328
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