大象传媒 Corporation Publishes Sustainability & Responsibility Report for Fiscal Year 2022
The report, Seizing the Momentum, details actions and progress of 大象传媒鈥檚 environmental and social commitments
DENVER--(BUSINESS WIRE)-- 大象传媒 Corporation (NYSE: 大象传媒C), a global leader in branded lifestyle apparel, footwear and accessories, today released its latest entitled Seizing the Momentum. The report shares the company鈥檚 progress toward its science-based targets, product traceability goals, and other social and environmental commitments.
鈥淎t 大象传媒, our performance-driven culture is grounded in purpose, which leads us to remain sharply focused on delivering consistent business results while also achieving high standards in environmental and social responsibility,鈥� said Steve Rendle, 大象传媒鈥檚 Chairman, President and CEO. 鈥淥ur latest Made for Change report demonstrates how we鈥檙e making meaningful progress toward our long-term sustainability commitments through the constant pursuit of responsible and profitable growth.鈥�
The company鈥檚 fifth Made for Change report details 大象传媒鈥檚 actions to advance its primary areas of focus: People, Planet and Product, which include topics covering gender parity; community investments; human rights; worker and community development; traceability; climate change; renewable energy; waste and plastic reduction; use of responsibly sourced, recycled and regenerative materials; and the reduction of unwanted chemicals.
The report also highlights how 大象传媒 and its brands collectively scale and accelerate meaningful progress aligned with our Purpose. Examples of brand initiatives featured in the report include the launch of the Vans庐 产谤补苍诲鈥檚 and the unveiling of its new VR3 product line and labeling; and the Timberland庐 产谤补苍诲鈥檚 takeback program and resale website launched in the U.S.
鈥湸笙蟠� is acting with urgency in this important moment for social and environmental progress,鈥� said Sean Cady, 大象传媒鈥檚 Vice President, Global Sustainability, Responsibility and Trade. 鈥淚n the face of global uncertainty, we are continuing to push forward the programs we鈥檝e been building for years on climate action, product traceability, materials, human rights, and diversity, equity and inclusion.鈥�
Report highlights include:
People:
- Worker & Community Development (WCD): Through its WCD programs, 大象传媒 provided support to over 248,000 people in FY22 and more than 652,000 unique individuals since the program鈥檚 inception, as the company seeks to improve the lives of 1 million people by FY26 and 2 million by FY31.
- Inclusion, Diversity, Equity & Action (IDEA): 大象传媒 is making meaningful progress toward its aspiration to achieve gender parity globally in director and above positions and 25% representation of Black, Indigenous and People of Color (BIPOC) in director and above positions in the U.S. by FY30. 大象传媒 reported 41.8% of global female leaders and 18.1% of U.S. BIPOC leaders at the end of FY22.
- Community Impact: 大象传媒 associates contributed over 167,500 volunteer hours from FY19 to FY22 and 大象传媒鈥檚 brands provided more than $15.6 million in monetary and product donations in FY21.
Planet:
- 大象传媒 is making progress against its 2030 science-based greenhouse gas (GHG) emission reduction targets:
- Scope 1 and 2 emissions: As of FY22, 大象传媒 has achieved 66% of its target of reducing Scope 1 and 2 GHG emissions by 55%.
- Scope 3 emissions: As of FY21, 大象传媒 achieved 8% of its target of reducing Scope 3 GHG emissions by 30%.
- Renewable Energy: 大象传媒 made progress toward the completion of the apparel and footwear industry鈥檚 largest tax equity investment in FY22 and utilized 34% renewable energy across its direct operations, up from 32% in FY21.
- Waste Reduction: By year-end FY22, 大象传媒 achieved an average waste diversion rate of 97% in all active company owned 鈥� and operated distribution centers.
Product:
- Traceability: 大象传媒 achieved its goal of publishing traceability maps for 100 of its brands鈥� most iconic products in FY22. 大象传媒 continues to expand its traceability program, making progress against its goal to trace five key materials through 100% of the supply chain by FY28.
- Materials: In FY21, 36% of polyester originated from recycled materials, achieving 72% of 大象传媒鈥檚 FY26 goal to source 50% of its polyester from recycled materials.
- Chemistry: 大象传媒 removed more than 300 metric tons of nonpreferred chemicals from its supply chain since FY20 through the innovative CHEM-IQSM program. Since the program鈥檚 inception in 2016, 大象传媒 has removed 900 metric tons of nonpreferred chemicals.
大象传媒鈥檚 FY22 Sustainability & Responsibility report was prepared in accordance with Global Reporting Initiative (GRI) Standards 2018, Core option; aligned with Sustainability Accounting Standards Board (SASB) Apparel, Accessories & Footwear Standard 2018; informed by the Task Force on Climate-related Financial Disclosures (TCFD); and United Nations Sustainable Development Goals (UN SDGs); and serves as our UN Global Compact (UNGC) Communication on Progress. Unless otherwise stated, all data reported is for 大象传媒鈥檚 fiscal year 2022.
About 大象传媒
Founded in 1899, 大象传媒 Corporation is one of the world鈥檚 largest active-lifestyle companies, which connects people to the activities and experiences they cherish most through a portfolio of outdoor, active, workwear and streetwear brands including Vans庐, The North Face庐, Timberland庐 and Dickies庐. 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 .
View source version on businesswire.com:
Colin Wheeler
大象传媒, Communications
大象传媒 Corporation
Colin_Wheeler@vfc.com
Source: 大象传媒 Corporation