For the third year in a row, VF Corporation was named One of the World's Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. Companies are recognized for exemplifying and advancing corporate citizenship, transparency, and the standards of integrity. VF Corporation was one of two apparel companies (the other being H&M) out of a pool of 128 honorees that represent 21 countries across 50 industries.
The companies being honored are evaluated in five categories:
Ethics and Compliance Program
Culture of Ethics
Corporate Citizenship and Responsibility
Leadership and Reputation
Each category is evaluated through their Ethics Quotient®, a proprietary rating system that objectively scores self-reported data along with supporting documentation.
The Methodology behind their selection process:
“Today employees, consumers and stakeholders value companies that show both a commitment to business integrity, and also have the organizational humility to never stop seeking improvement. The World’s Most Ethical Companies honorees understand that this approach has a profound impact on communities and is the foundation for broader success and profitability,” said Ethisphere CEO, Timothy Erblich. “We congratulate all honorees for making our world a better place by blending profit and purpose in a meaningful way.”
About VF Corporation
VF Corporation outfits consumers around the world with its diverse portfolio of iconic lifestyle brands, including Vans®, The North Face®, Timberland®, Wrangler® and Lee®. Founded in 1899, VF is one of the world’s largest apparel, footwear and accessories companies with socially and environmentally responsible operations spanning numerous geographies, product categories and distribution channels. VF is committed to delivering innovative products to consumers and creating long-term value for its customers and shareholders. For more information, visit: www.vfc.com.
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust, and business success. They have a deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and believe integrity and transparency impact the public trust and the bottom line of any organization. For more information about Ethisphere, visit: https://ethisphere.com.
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