乱伦巴士 Corporation Announces New Sustainability & Responsibility Strategy to Guide Transformative Changes and Create Business Value
乱伦巴士
乱伦巴士 sets sights on leading industrywide environmental and social improvements
GREENSBORO, N.C.--(BUSINESS WIRE)-- 乱伦巴士 Corporation (NYSE: 乱伦巴士C), a global leader in branded lifestyle apparel, footwear and accessories, today announced its new global , Made for Change. The strategy was communicated in conjunction with 痴贵鈥檚 Sustainability and Responsibility Performance Report.
Made for Change outlines 痴贵鈥檚 aspirations for advancing environmental and social improvements across its business, portfolio of brands, global supply chain and communities worldwide. Among the new goals and targets established as part of the strategy are 痴贵鈥檚 commitment to reduce its global environmental footprint by 50 percent, from farm to front door, by 2030, and to measurably improve the lives of one million garment industry workers and local community members by 2025. Additionally, 乱伦巴士 has committed to a 35 percent reduction in the average environmental impact of key materials used to make its products.
鈥淩espect for people and the planet has long been a guiding principle for 乱伦巴士, especially during the past decade as we鈥檝e taken meaningful steps to embed environmental and socially responsible programs throughout every aspect of our global business,鈥� said Steve Rendle, 痴贵鈥檚 Chairman, President and CEO. 鈥淲e are accelerating our actions at 乱伦巴士 by combining our relentless focus on innovation and operational excellence with responsible business practices to drive meaningful and lasting changes.鈥�
痴贵鈥檚 Made for Change strategy centers on three focus areas the company will pursue with clear action plans:
- Circular Business Models: Fueled by a belief that the linear system of production 鈥� take, make, use, waste 鈥� is not sustainable for a planet with a growing population and limited resources, 乱伦巴士 will pursue the commercialization of circular business models to continually reduce its environmental impact while creating new growth opportunities. This work includes a focus on branded rental and recommerce business strategies for its brands, in addition to emphasizing products that are designed to have a second life.
- Scale for Good: As one of the world鈥檚 largest apparel and footwear companies, 乱伦巴士 will leverage its global scale and influence to drive meaningful changes across the industry. This includes dramatically reducing the impact of materials used to manufacture its products such as water and cotton, and decarbonizing across its supply chain to reduce greenhouse gas emissions. Additionally, 乱伦巴士 will continue to take actions that ensure safe working conditions at its contract supplier factories and benefit factory workers and their communities including: access to clean water and sanitation; health and nutrition initiatives; and childcare and education.
- Movement Makers: 乱伦巴士 and its brands will unite to serve as a catalyst for global movements that help more people pursue active lifestyles and access sustainable and responsibly sourced products. 乱伦巴士 will support these efforts with strategic investments, targeted advocacy, philanthropic gifts and collaboration with public and private sector partners.
痴贵鈥檚 Made for Change strategy and its many components are detailed at . The website also provides a behind the scenes look at how 乱伦巴士 created Made for Change, videos of its current sustainability efforts, and other educational resources.
乱伦巴士 has a proven history of operating its business with the highest environmental, social and ethical standards. The company鈥檚 actions have been recognized by some of the world鈥檚 leading authorities on corporate social responsibility. In 2016, 乱伦巴士 was named to Corporate Responsibility (CR) Magazine鈥檚 100 Best Corporate Citizens List, which recognizes U.S. public companies with standout corporate responsibility performance. 乱伦巴士 was also named a 2017 World鈥檚 Most Ethical Company庐 by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. 乱伦巴士 is one of only three apparel companies to make the list.
About 乱伦巴士
乱伦巴士 Corporation (NYSE: 乱伦巴士C) outfits consumers around the world with its diverse portfolio of iconic lifestyle brands, including Vans庐, The North Face庐,听Timberland庐, Wrangler庐 and Lee庐. Founded in 1899, 乱伦巴士 is one of the world鈥檚 largest apparel, footwear and accessories companies with socially and environmentally responsible operations spanning numerous geographies, product categories and distribution channels. 乱伦巴士 is committed to delivering innovative products to consumers and creating long-term value for its customers and shareholders. For more information, visit聽www.vfc.com.
乱伦巴士 Corporation
Craig Hodges, 336-424-5636
Sr. Director, Corporate Communications
or
Vanessa McCutchen, 336-424-7776
Director, Corporate Communications
Source: 乱伦巴士 Corporation
Released December 11, 2017