VF Corporation Announces New Programs and Actions to Advance Racial Equity
February 11, 2021 at 07:50 AM EST
SOURCE: VF CorporationDESCRIPTION:
DENVER, February 11, 2021, /3BL Media/ - VF Corporation (NYSE: VFC), one of the world’s largest apparel, footwear and accessories companies, today announced that it is implementing new programs and actions to advance racial equity within the company and beyond.
Building on the company’s Council to Advance Racial Equity (CARE), VF is complementing its previous work by adding a combination of actions and programs, community partners and public policy initiatives to address opportunity gaps that Black and Brown Americans face in the areas of access to education, economic equity and environmental justice.
VF’s CARE recently established an initial set of commitments for VF to pursue, which directly align with the company’s Inclusion, Diversity, Equity and Action (IDEA) strategy. These commitments focus on a core set of actions to support VF’s employees, communities, consumers and society more broadly:
To further elevate its commitment to promote equity, VF has partnered with the national non-profit organization, Management Leadership for Tomorrow (MLT), as it launches Black Equity at Work, a first-of-its-kind certification program designed to establish corporate standards around the support of racial equity. The Black Equity at Work certification will help VF develop a rigorous plan to pursue diversity goals and focus on equitable actions that impact people, purchasing and philanthropy. Also, VF’s partnership with Black Equity at Work will further the company’s efforts to create both internal and external accountability metrics and directly align overall commitments to racial equity through the work of CARE.
“We’re excited about our new partnership with Management Leadership for Tomorrow and its Black Equity at Work certification program as we take our support for social justice to the next level. At the same time, our partnership with PENSOLE directly aligns with our commitment to enable racial equity for marginalized communities with a specific focus on uplifting the Black and Brown communities, which have been traditionally underrepresented in the fashion and design space,” said Steve Rendle, VF’s Chairman, President and CEO. “Given the profound inequities that negatively impact the lives and livelihood of Black and Brown Americans, the actions we are taking through our CARE initiative, combined with our strategic partnerships at the corporate and brand levels, are critical steps to elevating and accelerating our work to promote racial equity. We are committed to the actions we’ve outlined and will hold ourselves accountable for making meaningful progress and leading by example.”
For more on VF’s CARE commitments, please click here.
Founded in 1899, VF Corporation is one of the world’s largest apparel, footwear and accessories companies connecting people to the lifestyles, activities and experiences they cherish most through a family of iconic outdoor, active and workwear brands including Vans®, The North Face®, Timberland® and Dickies®. Our purpose is to power movements of sustainable and active lifestyles for the betterment of people and our planet. We connect this purpose with a relentless drive to succeed to create value for all stakeholders and use our company as a force for good. For more information, please visit vfc.com.
Source: VF Corporation
KEYWORDS: NYSE:VFC, VF Corporation, BIPOC, racial equity