VF Corp targets large-scale circularity
Timberland organised an event supporting the Great Green Wall initiative (pictured) to grow an 8,000km span of trees across the width of Africa, The North Face called on US leaders to act on climate, Napapijri launched a circular jacket, and icebreaker is raising awareness about microfibres.
“The global climate crisis is the biggest issue facing our world today,” said Jeannie Renne-Malone, VF vice-president of sustainability. “We believe we have an opportunity and responsibility to leverage the scale of our business and our workforce to create systematic change in our industry and beyond.
“We have long worked to reduce our carbon footprint, scale back on water use and turn to renewable energy sources. But we are now leading the way toward new approaches that are creating new business opportunities. This includes developing a circular business method that focuses on limiting the use of virgin raw materials.”
The group, which expects revenues to grow between 7% and 8% annually for the next five years, will launch its climate goals in December and has committed to the Paris Climate Agreement, even though US President Donald Trump withdrew the US from the agreement in June 2017.
Ms Renne-Malone added: “We are creating new business opportunities, designing for maximum product life cycles and using materials and processes that enable products to be deconstructed and fed back into our production cycle. By 2030, we strive to be leaders of large-scale commercialisation of circularity in all facets of business.”
Image: An illustration of the Great Green Wall. Credit: UNCCD