Driven By its Purpose, 大象传媒 Works for the Betterment of People and Planet; Details in FY 2023 Environmental & Social Responsibility Report
DENVER--(BUSINESS WIRE)-- Today, 大象传媒 Corporation (NYSE: 大象传媒C), a global leader in branded lifestyle apparel, footwear and accessories, released its fiscal year (FY) 2023 Environmental & Social Responsibility report, 鈥淧urpose. Driven.鈥� The comprehensive publication details the company鈥檚 progress against its environmental and social targets, as well as additional Inclusion, Diversity, Equity and Action (IDEA) content, which had previously been provided through two separate reports.
鈥淚n the face of ongoing challenges impacting the global business community, our employees continue to demonstrate resilience and determination in advancing our Purpose to power movements of sustainable and active lifestyles for the betterment of people and our planet,鈥� said Bracken Darrell, 大象传媒鈥檚 President and Chief Executive Officer. 鈥淚鈥檓 impressed with the progress the company made in FY23, and we will remain focused on this important work as a key element of our overall business strategy going forward.鈥�
The company鈥檚 annual Environmental & Social Responsibility report focuses on 大象传媒鈥檚 primary areas of focus: People, Planet and Product. Report topics cover gender parity; racial equity; human rights; product traceability; climate change; renewable energy; waste reduction; use of responsibly sourced, recycled and regenerative materials; and the reduction of unwanted chemistries from its value chain.
The report also highlights how 大象传媒 brands are taking action to help drive meaningful results for people and our planet. Examples of 大象传媒 brand initiatives and achievements featured in the report from FY23 include how the 厂尘补谤迟飞辞辞濒庐 brand invested in inclusive sizing with their first plus-size base layers apparel line; the Vans庐 brand championed the LGBTQ+ community with its Off The Wall Pride Gallery Collection and donations to LGBTQ+ advocacy organizations; nearly half (48%) of the icebreaker庐 brand鈥檚 wool is sourced from growers implementing regenerative practices; The North Face庐 brand launched its first Circular Design products; and the Timberland庐, Vans庐 and The North Face庐 brands are launching products featuring regeneratively-grown natural rubber.
Additionally, the company overall made progress advancing its Purpose. Some key highlights from the report include:
- Representation of Black, Indigenous and People of Color (BIPOC) employees in 大象传媒 leadership positions (director level and above) in the U.S. increased to 19.0% in FY23 from 18.1% in FY22.
- Sourcing of recycled polyester by 大象传媒 increased to 40% in FY22. This is an improvement from 36% in FY21 and puts 大象传媒 80% of the way toward achieving our target to use 50% recycled polyester by FY26.
- The Asia Pacific (APAC) region launched its first chapter of 大象传媒鈥檚 Pride employee resource group (ERG), APAC Pride & Allies, bringing the number of global 大象传媒 ERG chapters to 23 in FY23.
- As of FY23, 大象传媒鈥檚 Worker & Community Development program has achieved over 80% of its near-term goal to improve the lives of 1 million workers and their communities by FY26.
- Seven 大象传媒 brands operating in the Europe, Middle East and Africa (EMEA) region have diverted ~96,000 kilograms of single-use packaging plastics from landfills as of FY23.
- 大象传媒 traced 72% of its wool supply chain from farm to finished product in FY23; wool is one of the five key materials that 大象传媒 has committed to tracing through all five supply chain tiers by FY28.
大象传媒鈥檚 FY23 Environmental & Social Responsibility report was prepared with reference to the Global Reporting Initiative (GRI) Standard 2021; aligned with Sustainability Accounting Standards Board (SASB) Apparel, Accessories & Footwear Standard 2018; informed by the Task Force on Climate-related Financial Disclosures (TCFD); and with reference to United Nations Sustainable Development Goals (UN SDGs). Unless otherwise stated, all data reported is for 大象传媒鈥檚 fiscal year 2023.
About 大象传媒
Founded in 1899, 大象传媒 Corporation is one of the world鈥檚 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 .
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Colin Wheeler
VP, Corporate Communications
大象传媒 Corporation
Colin_Wheeler@vfc.com
Source: 大象传媒 Corporation