Potential offtaker

VF Corporation

www.vfc.com

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Which other companies from United States of America are actively involved in decarbonization initiatives?
  • Mastercard
  • Conagra Brands, Inc.
  • Interface
  • Capri Holdings Limited
  • Hyatt
  • Federal Bureau of Prisons
  • VF Corporation is a leading global apparel and footwear company that has been in operation for over a century. Headquartered in Denver, Colorado, the company has a portfolio of iconic brands such as The North Face, Vans, Timberland, and Dickies, among others. VF Corporation has a strong commitment to sustainability and has been at the forefront of decarbonisation efforts within the apparel industry.

    The company's sustainability strategy is focused on three key areas: responsible sourcing, sustainable products, and protecting the planet. VF Corporation recognizes that climate change is one of the most significant challenges facing the world today and has set ambitious targets to reduce its carbon footprint. The company aims to achieve 100% renewable energy across its owned and operated facilities by 2025 and has already made significant progress towards this goal.

    One of the ways VF Corporation is achieving its renewable energy targets is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, typically a wind or solar farm. The company agrees to purchase a certain amount of renewable energy from the provider at a fixed price over a set period. By entering into a corporate PPA, VF Corporation is able to secure a stable and predictable source of renewable energy while also supporting the development of new renewable energy projects.

    In 2019, VF Corporation signed a 12-year virtual PPA with Invenergy, a leading renewable energy developer, for 65 MW of wind power. The wind power will be generated by the Santa Rita East Wind Farm in Texas and will provide renewable energy to VF Corporation's owned and operated facilities in North America. The PPA is expected to reduce VF Corporation's carbon footprint by over 100,000 metric tons of CO2e per year, which is equivalent to taking more than 21,000 cars off the road.

    In addition to its use of corporate PPAs, VF Corporation is also investing in on-site renewable energy generation. The company has installed solar panels at several of its facilities, including its distribution center in California and its corporate headquarters in Denver. These solar panels generate clean, renewable energy that helps to reduce the company's reliance on grid electricity and lower its carbon footprint.

    VF Corporation is also focused on reducing its energy consumption through energy efficiency measures. The company has implemented a number of initiatives to improve the energy efficiency of its facilities, including upgrading lighting systems, installing energy-efficient HVAC systems, and optimizing manufacturing processes. These measures not only reduce the company's carbon footprint but also help to lower its operating costs.

    In addition to its efforts to decarbonize its energy use, VF Corporation is also committed to responsible sourcing of materials. The company has set ambitious targets to source 100% sustainable cotton and 100% sustainable man-made cellulosic fibers by 2025. VF Corporation is also a member of the Better Cotton Initiative, a global organization that promotes sustainable cotton production practices.

    VF Corporation's commitment to sustainability is reflected in its corporate culture and business practices. The company has a dedicated sustainability team that works to integrate sustainability into all aspects of the business. VF Corporation also publishes an annual sustainability report that provides transparent reporting on the company's sustainability performance.

    In conclusion, VF Corporation is a leading global apparel and footwear company that is committed to sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon footprint and is making significant progress towards achieving these goals through the use of corporate PPAs, on-site renewable energy generation, and energy efficiency measures. VF Corporation's commitment to sustainability is reflected in its corporate culture and business practices, making it a leader in the apparel industry's efforts to address climate change.

    ✓ Re100 member
    ✓ Science Based Targets member
    ✓ Declared Net Zero commitment