Climate and Net Zero Targets
Scope 1 and 2: Yes, but different baseline
Reduce absolute Scope 1 and 2 GHG emissions 55% by 2030 (FY2017 baseline)

Scope 3: No. Reduce absolute Scope 3 GHG emissions from purchased goods and services and upstream transportation 30% by 2030 (FY2017 baseline). (Includes purchased goods and upstream transport)

Mid-term (2035/2040) milestones: No.

Net Zero Roadmap: Yes under UNFCCC Fashion Charter

Renewable Energy Targets
Own operations RE target: Brand listed commitments to 100% RE through membership of RE100. In FY24 – shared that it recurred RECS equivalent to 36% of electric usage to support generation of RE. Compared to 25% in FY17 baseline.

In FY23 (July 2022), VF initiated what was then the largest renewable energy tax equity investment in the footwear and apparel industry to fund the development of four utility-scale solar projects in South Carolina. This investment is anticipated to generate 47,000 MWh of renewable energy per year, roughly 33% of VF’s FY22 global electricity load

Supply chain RE target: No.

Thermal Coal Phase Out
2030 Coal Phase-out Target: Y – Signatory of UNFCCC “Aiming to phase out coal from Tier 1 and Tier 2 supplier factories by 2030, including creating engagement and incentive mechanisms to support relevant suppliers in the phase-out.”

Thermal energy transition/ electrification: Provides actions to phase down as well as target. Partnering with the IFC to develop a program for coal substitution at Tier 1 and Tier 2 factories and launching energy efficiency and productivity improvement programs for 13 suppliers in Bangladesh, Cambodia and Vietnam. Unclear whether approach prioritizes electrification. New 2024 report has added section on Forest-Derived Materials Policy in relation to biomass? governs sourcing of products and materials to avoid contributing to the loss of ancient and endangered forests and species diversity, and to avoid habitat degradation or adverse human rights impacts.

Transparency
Emissions data: Yes, provides history and Scope 3 Category breakdown. It provides a country breakdown in CDP too, including Bangladesh.

Supply chain energy data: No

Supplier lists published: Not to Tier 4. disclosure accounts for 100% of Tier 1 facilities used by VF, approximately 80% of Tier 2 facilities measured by spend, and nearly 100% of Licensee Manufacturing Factories 3 utilized by VF Brand Licensees for the period 2024’s Quarter 3 (July – September).
Approx 40 in Bangladesh

Supplier list link

Training, feasibility studies, and non-financial support for climate action
Yes. Brand communicated work with IFC on energy efficiency projects in Bangladesh, Cambodia and VN, GHG reduction training and access to climate action. • Collaborating with the Apparel Impact Institute (Aii) Clean by Design program to support textile suppliers in China, Korea and Taiwan in a resource efficiency action planAccess to Higg FEM.

Additional, targeted support for transition planning: Yes – VF has collaborated with GIZ, International Finance Corporation, UNIDO, USAID and solar developers to help 59 factories install rooftop solar panels since 2018. These partnerships enabled 48.8 MWp (megawatt peak) solar panels to be installed in Bangladesh, Cambodia, Jordan and Vietnam. These solar PV systems generate 14% of the total electricity consumption of these factories and help avoid more than 74,000 MT of CO2e per year. Since 2018, across all of our supply chain sustainability programs, VF suppliers have achieved energy savings of over 593 million MJ (megajoule) per year, reducing 76,490 MT of CO2e emissions annually

Financial Support for Decarbonization
Loans and financing: No

Collective financing initiatives: No

Direct/debt-free financing: No

Responsible/equitable buying to enable climate action
Purchasing decisions incentivize climate action: No strong examples. Said: – ‘encourages’ suppliers to implement environ/social best practice. Offers additional POs through strong performance and factory compliance scores. Metrics reviewed frequently to improve on environ sustainability, social responsibility and innovation. Planning team uses know the chain disclosure

Equitable/long-term sourcing to enable climate action: Has a Responsible Exit Protocol. When VF must significantly reduce orders or exit from a facility, we follow our Responsible Exit Protocol, aligned with the FLA Retrenchment Guidelines. VF’s Protocol aims to minimize the negative effects on factory workers and ensure factories operate in a way that is consistent with international labor standards and local regulations.

Prices enable climate action: No

Climate Adaptation
Adaptation/worker just transition training funded or provided: No

Emergency support developed with local groups: No

Decarbonization Progress
Reducing manufacturing emissions: While it’s encouraging that VF Corporation’s Scope 3 category 1 emissions fell by 9% in the past year, overall it is still well off track against its base year at a 17% increase.

Increasing supply chain renewable electricity: No.

Coal phase out transition progress: No.

Commitment to phase out fossil fuel-derived fibers
No. 50% polyester from recycled sources by FY26. From our research: progress: 40% recycled polyester sourced in FY22, an improvement from 36% in FY21.

Deforestation-free materials
Leather: Y – Our Animal Derived Materials Policy states that leathers shall not come from cattle grazed on lands that have contributed to new deforestation or forest degradation. Also uses LWG.

Man-made Cellulosic Fibers: No, doesn’t mention MMCF.

Low-carbon materials
No strong examples. From our research: Worked on the feasibility study with GIZ and HKRITA on the green machine in 2022. But, this was a pilot and hasn’t been scaled

Increasing Circularity
VF Corp does not have a specific target incorporated into its preferred material goals to increase the use of recycled cotton.
The company’s brands, The North Face and Timberland offer take-back programs and The North Face offers repairs under warranty.
The company hasn’t provided strong recent examples of investing in textile-to-textile recycling infrastructure or scaling next-gen materials

Target & increase recycled cotton
No specific target to increase the use of recycled cotton.

100% recycled/organic/regen cotton + wool, report on progress
No strong sufficient target on cotton. Reliant on Better Cotton too. Company reports on progress clearly for FY23 in 2024 report.

Support farmers, transition to regen/organic farming
Yes –
The VF Foundation recently provided a grant to the U.S. Regenerative Cotton Fund (USRCF) that will help advance the adoption of soil health management systems across more than 1 million acres of U.S. cotton cropland. This unique, farmer-facing, science-based initiative supports long-term, regenerative cotton production in the U.S., with the goal of eliminating one million metric tons of carbon dioxide equivalent (CO2e) from the atmosphere by 2026.

Resale/repair – % total sales/disclosure on #
The North Face and the Timberland brands offer take-back programs which allow customers to return used gear that is then refurbished or recycled. NF offers repairs under warranty.

Direct link resale/repair to reduce production
No

Materials transparency
Shares material mix: Reports by % of fibre basket weight and by % of emissions, not by weight/volume.

Provides data on units sold: No

VF Corp does include shipping emissions in its Scope 3 target. The company reported a decrease in its shipping emissions compared with the previous year, which is positive, although it was still 39% higher than in its 2017 baseline year. The company does not provide any transparency into its transportation modes, but it does have a commitment to 95% marine shipping in order to reduce emissions, which is the right direction.

Action to reduce the impact of marine shipping: Yes. Member of the Smart Freight Centre’s Clean Cargo collaborative initiative, which works toward ocean container freight decarbonization. VF also leveraged Maersk’s Eco Delivery program for the first time in FY23, utilizing over 4,250 tons of biofuel for ocean shipping. Our participation in the program is helping set an example and advance industry-wide efforts to reduce emissions from cargo shipping.

No commitment to zero emission vessels by 2030

VF Corp demonstrates advocacy efforts beyond industry initiatives. Recent examples include supporting climate-friendly agriculture solutions in the 2023 U.S. Farm Bill as a member of Ceres’ Climate-Smart Agriculture and Healthy Soil Working Group, and in 2024 partnering with Ceres and AAFA to promote the California Climate Disclosure bills.