Energy Efficiency, GHG Emissions, Sourcing Renewables - November 7, 2022
VF Lowers Emissions
VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, has made progress against its 2030 science-based GHG emission reduction targets.
As of FY22, VF has achieved 66% of its target of reducing Scope 1 and 2 GHG emissions by 55% and as of FY21, VF achieved 8% of its target of reducing Scope 3 GHG emissions by 30%.
VF made progress toward the completion of the apparel and footwear industry’s largest tax equity investment in FY22 and utilized 34% renewable energy across its direct operations, up from 32% in FY21.
Details were provided in its latest Sustainability & Responsibility report entitled Seizing the Momentum. The report shares the company’s progress toward its science-based targets, product traceability goals, and other social and environmental commitments.
“At VF, our performance-driven culture is grounded in purpose, which leads us to remain sharply focused on delivering consistent business results while also achieving high standards in environmental and social responsibility,” said Steve Rendle, VF’s Chairman, President and CEO in a statement. “Our latest Made for Change report demonstrates how we’re making meaningful progress toward our long-term sustainability commitments through the constant pursuit of responsible and profitable growth.”