April 22, 2024
Corporates

VF Corp Expands Recycled Polyester Sourcing To 40%

VF Corp, the marketer of clothing brands like Timberland, The North Face and Vans, has increased sourcing of recycled polyester to 40% in fiscal 2022.

“This is an improvement from 36% in fiscal 2021 and in the process has attained 80% of its target to use 50% recycled polyester by fiscal 2026,” VF said in its Environmental & Social Responsibility report. Among other initiatives, in the US, the retailer increased representation of Black, Indigenous and People of Colour (BIPOC) to 19% up from 18.1 in earlier fiscal. Globally, women represented 42.3% of VF’s leadership community, also up from 41.8% in previous fiscal, with a target to achieve gender parity by 2030.

VF said it is committed to championing the fundamental human rights of everyone involved in its business operations and supply chain. “Our vision is to foster inclusive and sustained economic growth and development that offers decent work opportunities to workers throughout our value chain,” the company added.

The Worker & Community Development (WCD) programme achieved over 80% of the near-team goal to improve the lives of one million workers and their communities by fiscal 2026 and 2 million by fiscal 2031. Investing in traceability across the supply chain, the progress includes tracing 72% of its wool supply chain from farm to finished product in fiscal 2023.

 

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