DENVER–(BUSINESS WIRE)–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 the company’s work across people and planet, including employees, climate change, environment, and human rights, among other categories.
“We are honored to be ranked first in our industry category and the 14and highest society overall. This is our third year on the list and we are especially proud to have significantly improved our scores over last year,” said Sean Cady, Vice President of Sustainability, Responsibility and Commerce at VF. . “It’s a testament to the passion and hard work of VF and our brands as they help embed environmental and social sustainability into our business and set the bar high for corporate responsibility every day.”
In 2019, the VF set greenhouse gas reduction targets, endorsed by the Science-Based Targets initiative, to guide the progress of its commitment to the planet. At the heart of this work are investments in renewable energy, responsibly sourced materials, and numerous environmental and socially responsible initiatives throughout 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 continuous progress towards improving people in its Human Rights Report 2020 and Annual Profile Inclusion, Diversity, Equity and Action 2021.
At the foundation of VF’s sustainability and responsibility work is its industry leader traceability program, give external stakeholders visibility into its complex global supply chain. This work also helps consumers learn more about the products they buy and helps VF and its brands align business decisions with its purpose. In December 2021, VF achieved its goal of publishing traceability cards for 100 of its brands’ most emblematic products. By 2027, VF is striving to trace five of the company’s key materials across 100% of its supply chain.
“To achieve the transformative goals of the Paris Agreement and the United Nations Sustainable Development Goals in this landmark decade, companies will need to truly embed ESG into the heart of their business,” said Dave Armon, CEO from 3BL Media. “The 2022 100 Best Corporate Citizens are answering the call by demonstrating the societal and financial value of leadership and transparency around ESG topics. They set ambitious goals, outline solid strategies to achieve them, disclose data to measure progress, and consider all stakeholders in business decisions.
To learn more about VF’s work focused on people and the planet, you can read its annual report Made for Change Sustainability and Responsibility Report, release in October 2021.
Methodology and scoring
The ranking of the 100 best corporate citizens is based on 155 ESG factors divided into 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 companies in the Russell 1000 Index are studied by ISS ESG, the responsible investment research arm of Institutional Shareholder Services. There is no charge for companies to be included in the Top 100 Corporate Citizens.
To compile the ranking, company data and information is obtained only from publicly available sources, rather than from questionnaires or company submissions. Companies have the opportunity to check the data collected for the ranking free of charge. The data and information used in the 2022 edition of the Top 100 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 that connects people to the lifestyles, activities and experiences they cherish most through a family of iconic outdoor, athletic and workwear brands including Vans®, The North Face®, Timberland® and Dickies®. Our goal is to propel sustainable and active lifestyle movements for the good of people and our planet. We combine this goal with a relentless drive to succeed in order to create value for all stakeholders and to use our business as a force for good. For more information, please visit vfc.com.
About the Top 100 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 establish the ranking, each company in the Russell 1000 Index is ranked on its transparency and performance on 155 environmental, social and governance factors.
About 3BL Media
3BL Media and TriplePundit Brand Studio’s unparalleled distribution platforms promote the environmental, social and governance (ESG) initiatives of leading corporations, private equity firms, nonprofits and NGOs to global audiences. Learn more here.