The Forbes JUST 100 recognizes companies doing
right by all their stakeholders – workers, customers, communities,
the environment, and shareholders – as defined by the American
public
VF Corporation (NYSE: VFC), a global leader in branded lifestyle
apparel, footwear and accessories, today announced that it was
named one of America’s Most JUST Companies for its commitment to
serving its workers, customers, communities, the environment, and
shareholders.
Through vigorous, objective analysis, the Forbes JUST 100
evaluates and celebrates U.S. corporations that outperform on the
issues that matter most to the American public – like paying a fair
wage, upholding human rights across the supply chain, investing in
worker training, acting ethically and with integrity, cultivating a
diverse and inclusive workplace, protecting worker health and
safety, providing good benefits and work-life balance, and more. By
striving to meet the needs of all stakeholders, JUST 100 leaders
demonstrate that profits and purpose go hand in hand.
“Across VF and our portfolio of brands, we work every day to
leverage our business in ways that have a positive impact on people
and the planet,” said Steve Rendle, VF’s Chairman, President and
CEO. “It’s an honor to be recognized as one of America’s Most Just
Companies by Forbes and Just Capital. This recognition confirms our
belief that purpose and profit are mutually reinforcing forces that
enable environmental and socially responsible business success for
the benefit of shareholders and stakeholders alike.”
The annual Rankings evaluate the 1,000 largest public U.S.
companies across 19 issues, identified through the most
comprehensive surveys ever conducted on public attitudes toward
responsible corporate behavior, engaging 4,469 American respondents
in 2020 and over 110,000 total participants over the past seven
years.
JUST Capital expanded this year’s methodology to capture 38
COVID-19 specific data points from their COVID-19 Corporate
Response Tracker. The new analysis includes hourly wages increases,
paid sick leave, and healthcare benefits for furloughed employees
(Workers); payment deferrals, price cuts, and services for
vulnerable groups (Customers); cash or in-kind donations to support
community relief (Communities); and CEO, or executive, pay cuts
(Shareholders).
“Now more than ever, business leaders have the chance to spark
lasting systemic change within their companies and across society,”
said Forbes Senior Editor Steven Bertoni. “The companies in this
year’s JUST 100 show that we can face the twin tragedies of the
COVID-19 pandemic and racial inequality and continue to improve our
actions and refocus our missions to do better, and be better, for
all stakeholders.”
Compared to their Russell 1000 peers, companies in the JUST 100
on average:
- Pay their median workers 18% more.
- Are 4.3 times more likely to have conducted a gender or
race/ethnicity pay equity analysis.
- Are 5.6 times more likely to have set diversity and inclusion
targets for their workforces.
- Are 12 times more likely to disclose they have conducted a
human rights audit within their supply chain.
- Gave 6 times more to charitable causes as a percentage of their
pretax profit.
- Were 140% more likely to have offered price cuts to customers
during the pandemic.
- Were 92% more likely to have shifted to or prioritized the
production of products to support the fight against the
pandemic.
- Use 123% more green energy.
- Emit 86% fewer tons of PM 2.5 emissions into the
atmosphere.
- Had 56% higher total shareholder return over the past five
years.
- Had a 7.2% higher return on equity.
“In the face of a global pandemic, economic recession, and
national reckoning with racial injustice, the American public is
demanding more from our corporate leaders than ever before,” said
Martin Whittaker, CEO of JUST Capital. “The companies featured in
the 2021 JUST 100 list have stepped up in service of their workers,
customers, and communities this year while delivering long-term
value to shareholders.”
Both the Forbes JUST 100 and the Industry Leader list will be
featured in the November issue of Forbes, with additional stories
at www.forbes.com/just100 and a comprehensive interactive ranking
and benchmarking platform at www.justcapital.com.
About VF Corporation
Founded in 1899, VF Corporation is one of the world’s largest
apparel, footwear and accessories companies connecting people to
the lifestyles, activities and experiences they cherish most
through a family of iconic outdoor, active and workwear brands
including Vans®, The North Face®, Timberland® and Dickies®. Our
purpose is to power movements of sustainable and active lifestyles
for the betterment of people and our planet. We connect this
purpose with a relentless drive to succeed to create value for all
stakeholders and use our company as a force for good. For more
information, please visit vfc.com.
About Forbes
The defining voice of entrepreneurial capitalism, Forbes
champions success by celebrating those who have made it, and those
who aspire to make it. Forbes convenes and curates the most
influential leaders and entrepreneurs who are driving change,
transforming business and making a significant impact on the world.
The Forbes brand today reaches more than 160 million people
worldwide through its trusted journalism, signature LIVE events,
custom marketing programs and 40 licensed local editions in 70
countries. Forbes Media’s brand extensions include real estate,
education and financial services license agreements. For more
information, visit the Forbes News Hub or Forbes Connect.
About JUST Capital
The mission of JUST Capital, an independent nonprofit, is to
build an economy that works for all Americans by helping companies
improve how they serve all their stakeholders – workers, customers,
communities, the environment, and shareholders. We believe that
business and markets can and must be a greater force for good, and
that by shifting the resources of the $19 trillion private sector,
we can address systemic issues at scale, including income
inequality and lack of opportunity. Guided by the priorities of the
public, our research, rankings, indexes, and data-driven tools help
measure and improve corporate performance in the stakeholder
economy. To learn more about how data-driven insights are creating
a more just future for capitalism, visit: www.JUSTCapital.com.
About the Methodology
Since 2015, JUST Capital has surveyed 110,000 Americans –
representative of the U.S. adult population – including more than
17,000 in 2020 alone. Survey work consists of both qualitative
focus groups and quantitative surveys. The 2020 Annual Weighting
Survey, conducted in partnership with The Harris Poll and NORC at
the University of Chicago, includes responses from close to 4,500
respondents. JUST Capital then tracked and evaluated 931 companies
across five stakeholders, 19 issues, and 336 unique data points to
produce the ranking model that drives America’s Most JUST
Companies, including the JUST 100 and Industry Leader lists. This
selection of companies draws from the Russell 1000 Index, which
represents over 90% of the U.S. stock market value.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201014005837/en/
VF Corporation Craig Hodges Vice President, Corporate
Affairs & Communications (720) 778-4116
VF (NYSE:VFC)
Historical Stock Chart
From Jun 2024 to Jul 2024
VF (NYSE:VFC)
Historical Stock Chart
From Jul 2023 to Jul 2024