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#Sustainability

The VF Foundation issues its first impact report

The VF Foundation, the philanthropic arm of VF Corporation (NYSE: VFC), published its inaugural report outlining the positive impact its financial grants and philanthropic partnerships have had on more than four million people in 53 countries during the year.

From April 2019 through March 2020, The VF Foundation granted more than $6 million to deserving organizations worldwide based on its three strategic grant making priorities: 1) increasing equitable outdoor access and conservation, 2) educating and inspiring inclusive leaders in the apparel and footwear industry, and 3) empowering the freedom of self-expression.

"We’re proud to issue this report and share stories of the meaningful impact we’ve helped create in the communities where VF operates,” said Gloria Schoch, Executive Director of The VF Foundation. “Over the last year we collaborated with our associates, brands, and trusted partners to advance our shared vision of creating a more equitable and sustainable world for all. As we continue this important work, we remain committed to innovating and problem-solving with our partners to drive transformative, lasting change for the betterment of people and the planet.”

During thepast year, The VF Foundation distributed more than $400,000 globally for COVID-19 relief efforts and disaster relief. Nearly 60 percent of the people supported were women, notably garment workers in Asia who have been negatively impacted by the global pandemic. The disaster relief funds were also used to:

• Create opportunities for first responders throughout the U.S. to decompress and heal outdoors through the power of nature;

• Supply food, PPE and COVID-19 hygiene kits to garment worker communities in Cambodia, India, and Bangladesh;

• Rebuild public facilities, including schools, infrastructure, and Integrated Community Shelters for survivors who lost homes to flooding in Indonesia



 

Since its inception, The VF Foundation has granted more than $50 million to communities where VF operates, including $20 million in the last three years. In 2018, the Foundation adopted VF’s Purpose as the guiding principle for its philanthropic program and began to deepen its work as a catalyst for change.

The VF Foundation's 2020 Impact Report is available at vfc.com. The granting cycle along with grant requirements is also available online.



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#Recycling / Circular Economy

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#Recycling / Circular Economy

Responsible Textile Recovery Act of 2024 signed by Governor

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#Textiles & Apparel / Garment

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#Europe

The EU and Egypt team up to mobilise private sector investments at Investment Conference and sign a Memorandum of Understanding underpinning €1 billion in macro-financial assistance for Egypt

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#Sustainability

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#Business

Canopy introduces a first-of-its-kind $2 billion USD investment blueprint to decarbonize global materials supply chains

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#Sustainability

Storm Creek achieves bluesign® PRODUCT status

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#Yarns

Textile Exchange publishes the final criteria for its new Materials Matter Standard, marking a pivotal shift in connecting certification to impact

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#Fabrics

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#Denim

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#Functional Fabrics

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#Knitting & Hosiery

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