VF Corporation Named One of the 100 Best Corporate Citizens Of 2022
May 18 2022 - 9:00AM
Business Wire
VF ranked first in the Consumer Durables &
Apparel Industry and 14th overall.
VF Corporation (NYSE: VFC), a global leader in branded lifestyle
apparel, footwear and accessories, today announced that it has been
recognized by 3BL Media in its 100 Best Corporate Citizens ranking
for the company’s work across people and planet, including
employees, climate change, the environment and human rights, among
other categories.
“We are honored to be ranked first in our industry category and
the 14th highest company overall. This is our third year on the
list and we are particularly proud that we have meaningfully
improved our scores over last year,” said Sean Cady, VF’s VP of
Global Sustainability, Responsibility, and Trade. “This is a
testament to the passion and hard work VF and our brands contribute
every day to integrating environmental and social sustainability
into our business and setting a high bar for corporate
responsibility.”
In 2019, VF set greenhouse gas reduction targets, approved by
the Science-Based Targets initiative, to guide progress on its
commitment to the planet. Core to this work are investments in
renewable energy, responsibly sourced materials, and many
environmental and socially responsible initiatives across its
global supply chain. By 2030, VF aims to improve the lives of 2
million workers and their communities through its Worker and
Community Development program. The company details its continued
progress toward the betterment of people in its 2020 Human Rights
Report and 2021 Inclusion, Diversity, Equity & Action Annual
Profile.
Underpinning VF’s sustainability and responsibility work is its
industry-leading traceability program, giving external stakeholders
visibility into its complex global supply chain. This work also
helps consumers learn more about the products they purchase and
helps VF and its brands align business decisions with its purpose.
In December 2021, VF achieved its goal of publishing traceability
maps for 100 of its brands’ most iconic products. By 2027, VF is
working to trace five of the company’s key materials through 100%
of its supply chain.
“Achieving the transformational targets in the Paris Agreement
and UN Sustainable Development Goals in this decisive decade will
require companies to truly embed ESG into the core of their
business,” said Dave Armon, CEO of 3BL Media. “The 100 Best
Corporate Citizens of 2022 are answering the call by demonstrating
the societal and bottom-line value of leadership and transparency
around ESG topics. They are setting ambitious goals, outlining
robust strategies for achieving them, disclosing data to measure
progress, and accounting for all stakeholders in business
decisions.”
To learn more about VF’s work focused on people and the planet,
you can read its annual Made for Change Sustainability &
Responsibility Report, released in October 2021.
Methodology & Scoring
The 100 Best Corporate Citizens ranking is based on 155 ESG
factors in eight pillars: climate change, employee relations,
environment, finance, governance, human rights, stakeholders and
society, and ESG performance.
Using a methodology developed by 3BL Media, all Russell 1000
Index companies are researched by ISS ESG, the responsible
investment research arm of Institutional Shareholder Services.
There is no fee for companies to be included in 100 Best Corporate
Citizens.
To compile the ranking, corporate data and information is
obtained from publicly available sources only, rather than
questionnaires or company submissions. Companies have the option to
verify data collected for the ranking at no cost. Data and
information used in the 2022 edition of the 100 Best Corporate
Citizens ranking is from March 19, 2021 to March 18, 2022.
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 the 100 Best Corporate Citizens
Ranking
The 100 Best Corporate Citizens debuted in 1999 in Business
Ethics Magazine and appeared annually in Corporate Responsibility
Magazine for many years. 3BL Media has managed the ranking since
2018. To compile the ranking, each company in the Russell 1000
Index is ranked according to its transparency and performance on
155 environmental, social and governance factors.
About 3BL Media
3BL Media’s unrivaled distribution platforms and TriplePundit
Brand Studio promote the environmental, social, governance (ESG)
initiatives of leading companies, private equity firms, nonprofits
and NGOs to a global audience. Learn more here.
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VF CORPORATION CONTACT Colin
Wheeler Vice President, Corporate Affairs & Communications
Colin_wheeler@vfc.com 3BL MEDIA
CONTACT Brian Letts of 3BL Media BLetts@3blmedia.com or
+1.802.789.8257
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