#Sustainability

2023-03-15

VF Corporation named as one of the 2023 World’s Most Ethical Companies by Ethisphere for seventh consecutive year

VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World’s Most Ethical Companies.

Recognition honors companies demonstrating business integrity through best-in-class ethics, compliance, and governance practices

“We are honored to be named as one of the 2023 World’s Most Ethical Companies for the seventh consecutive year and the only honoree in the apparel industry,” said Jenn Sim, VF’s Executive Vice President, General Counsel and Secretary. “This recognition demonstrates the shared commitment of our associates around the world who are living and leading with integrity every day. As always, our relentless focus on operating with the highest ethical standards will remain a foundational element of our performance-driven culture, which is grounded in purpose.”

VF has been recognized for the past seven years and is the only honoree in the apparel industry to be named this year. In 2023, 135 honorees were recognized spanning 19 countries and 46 industries.

“Ethics matters. Organizations that commit to business integrity through robust programs and practices not only elevate standards and expectations for all, but also have better long-term performance,” said Ethisphere CEO, Erica Salmon Byrne. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to making real impact for their stakeholders and displaying exemplary values-based leadership. Congratulations to VF Corporation for earning a place in the World’s Most Ethical Companies community.”

Methodology & Scoring

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives that support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

Honorees

To view the full list of this year’s honorees, please visit the World’s Most Ethical Companies website, at https://worldsmostethicalcompanies.com/honorees.

“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

“We need to move away from the price trap and return to a value-driven mindset.”

With its new Textile Innovation Center, KARL MAYER is sending a strong signal for innovation, collaboration, and the future of textile applications. In this interview, Karl Josef Mayer discusses new opportunities in warp knitting, the processing of staple fibres, recycling, the changing role of machinery manufacturers, and why the textile industry must once again focus more strongly on the value of textiles. by Oliver Schmidt

“Innovation, resilience and international experience remain the great strengths of the Swiss textile machinery industry”

Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

Updated supply chain taxonomy advances apparel alignment

The apparel alliance (Apparel Impact Institute, Cascale, Textile Exchange, and ZDHC Foundation) today announced the launch of Version 2 of the Supply Chain Taxonomy, an updated harmonized framework designed to improve consistency, transparency, and collaboration across the textile, clothing, leather, and footwear (TCLF) sectors of the broader apparel industry.

ITMA 2027 receives strong industry response

ITMA 2027 has unveiled its sector plan, marking progress towards the 2027 edition as planning continues ahead of the show. The ITMA 2027 sector plan covers 12 halls at the Messegelände Hannover venue, spanning over 180,000 square metres, and features 20 sectors of the textile and garment making processes, from spinning to finishing, software and automation, recycling, and fibres, yarns and fabrics.

Heimtextil expands Bed, Bath & Living with new ‘Comfort & Connect’ area

Heimtextil is expanding its product range for Bed, Bath & Living in a targeted manner: ‘Comfort & Connect‘ is creating a new meeting place in the foyer of Hall 5.1 for high-quality bed, bath and lifestyle collections. Following on from ‘Sleep & Meet‘, this is now the second area where Heimtextil is further refining its offering for exhibitors and buyers. The new area brings together established brands, high-profile returning exhibitors and international buyers in a central location with easy access.

Business situation weakens slightly, but the industry stays cautiously optimistic

The International Textile Manufacturers Federation (ITMF) has published the results of its 39th Global Textile Industry Survey (GTIS), conducted from 14 to 22 July 2026 among companies along the entire global textile value chain. Worldwide, 10% of participants rated their business situation as good, 53% as satisfactory and 37% as bad — a balance of -26pp, down from -17pp in May but still well above the 2023 lows. All regions are now in negative territory, from South Asia at -3pp to North & Central America at -58pp.

Ministry of Industry Delegation visits NatureWorks’ second global manufacturing site at Nakhon Sawan Biocomplex

NatureWorks Asia Pacific Limited welcomed a high-level delegation led by Mr. Varawut Silpa-archa, Minister of Industry, to its manufacturing site at the Nakhon Sawan Biocomplex (NBC). The visit follows the successful inauguration of the site on April 29, 2026, and highlights the role of public-private collaboration in advancing Thailand’s sustainable industrial development and bioeconomy ambitions.