Climate change is one of the defining challenges of our time, driving far-reaching, irreversible damage to the environment and impacts to people and communities across the globe. At VF, we are committed to doing our part to lessen our impacts on the planet. Guided by our science-based targets, we are striving to reduce greenhouse gas (GHG) emissions across our value chain and calling for policy action to mitigate the impacts of climate change.
VF’s climate targets, approved by the Science Based Targets initiative (SBTi), include a commitment to reduce absolute Scope 1 and 2 GHG emissions 55% by 2030 from a FY2017 base year. VF also commits to reduce absolute Scope 3 GHG emissions from purchased goods and services and upstream transportation 30% by 2030 from an FY2017 base year. To achieve these goals, we’ve committed to using renewable energy, adopting green building standards, sourcing more sustainable materials, facilitating technical and financial support to suppliers to improve the operational efficiency of their factories, and collaborating with stakeholders across the value chain to reduce environmental impacts.
Reduce absolute Scope 1 and 2 GHG emissions 55% by 2030 (FY2017 baseline). Reduce absolute Scope 3 GHG emissions from purchased goods and services and upstream transportation 30% by 2030 (FY2017 baseline).
In 2020, VF issued its inaugural green bond, a first for the apparel and footwear industry. In 2023, VF issued its second green bond. In line with the company’s 2020 Green Bond Framework, the funds from each green bond were allocated to projects focused on three eligible green bond project categories, Sustainable Products & Materials, Sustainable Operations & Supply Chain, and Natural Carbon Sinks.
To learn more about our Green Bond Framework and the environmental benefits of the use of net proceeds, read our 2021 Green Bond Impact Report and our 2024 Green Bond Impact Report.
VF’s enterprise-wide environmental sustainability strategy prioritizes sustainable materials, circular design / circular business models and protection of natural resources to drive scalable change while reducing our company’s carbon footprint. Other critical carbon reduction efforts include using renewable energy, driving operational efficiency, reducing waste and investing in green building design across both our operations and supply chain. Through VF’s leadership and industry collaborations, we are acting now to drive long-term progress at a critical moment in our planet’s history.
We recognize that a large part of our environmental impact stems from our supply chain. That’s why we’re working with strategic partners in key sourcing regions to reduce our environmental footprint beyond our direct operations. Learn more about how VF’s supply chain sustainability programs are driving sustainable change on our Energy page.
To drive progress toward our Scope 3 science-based target, VF’s global Supply Chain Sustainability team works closely with hundreds of Tier 1 and Tier 2 suppliers to improve energy efficiency and reduce GHG emissions, and to measure and quantify the sustainability impacts of a facility through the completion of the Higg Facility Environmental Module (FEM) assessment. The Higg FEM is a standardized sustainability measurement tool used by apparel, footwear and textile manufacturing factories across the world to track environmental impacts and implement emissions reduction strategies.
Each year, VF engages close to 500 supplier factories through the Higg FEM assessment to collect environmental data and measure and quantify the sustainability impacts of a facility. Verified Higg FEM data is incorporated into VF’s annual Scope 3 GHG inventory. In conjunction with the Higg FEM assessment process, VF has trained over 1,000 supplier facility managers on how to implement environmental management best practices in their factories.
VF is calling for bold policy action across the world to mitigate the impacts of climate change. We regularly advocate for increased government action to enact and expand policies, including supporting legislation for ambitious GHG reduction targets, environmental protection and enforcement, recycling infrastructure improvements, renewable energy investment and support for regenerative agriculture practices.