VF said the proceeds allocated to 13 of its eligible sustainability projects worldwide helped to deliver meaningful positive environmental impacts, including two million trees planted, approximately 16,000 metric tonnes of CO2 avoided annually through procurement of sustainable materials, and more than 970 million litres of water saved annually through conservation initiatives.

The U.S. headquartered Group issued its inaugural green bond, the first for the apparel and footwear industry, in February 2020. “VF’s use of the green bond proceeds demonstrates its commitment to three key sustainability areas that are core to its business: sustainable products and materials, sustainable operations and supply chain, and natural carbon sinks”, said the Group.