VF achieves its best score on S&P 500 Climate Change report
26/11/2014
VF's score has improved for three consecutive years, and this year reached 90 out of 100.
Letitia Webster, senior director of sustainability at VF, said: "Three years of improved CDP scores during a time of tremendous global growth for our company measurably shows our commitment to responsible, sustainable operations in all aspects of our business."
The scoring methodology provides a disclosure score, which assesses the level of detail and comprehensiveness in disclosing the impacts of climate change on the company, and a performance score, which assesses the level of action taken to reduce climate change. CDP scores provide a tool for investors and other stakeholders to assess companies' efforts to manage and reduce their carbon emissions, and understand their preparedness for managing changing market demands and emissions regulation.
VF conducts annual audits to measure emissions for onsite fuel combustion, transport fuel combustion, refrigerants, and purchased energy for its global operations and its more than 1,400 locations, as well as emissions from corporate air travel. By the end of 2015, VF plans to have reduced its GHG emissions by 5% from its 2009 baseline year.
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