Business & Policy | News & Insights

VF Corp completes a second green bond for €500 million.

Published: March 9, 2023
Author: DIGITAL MEDIA EXECUTIVE

To advance its sustainability goals, the US-based fashion company VF Corporation has completed the sale of its €500 million (US$530 million) green bond issuance.
The company’s portfolio includes brands like Timberland, Vans, Supreme, The North Face, and others. The business claimed that a sum equal to the transaction’s net proceeds had been set aside to advance its sustainability and responsibility strategy and realise its science-based objectives (SBTs).
VF Corp launched in 2020 and has already released two green bonds. Based on the success of their first green bond issuance in 2020, Jeannie Renné-Malone, VF Corp’s vice president of global sustainability, stated that this most recent green bond issuance is yet another indication of their strong commitment to initiatives that support the wellbeing of people and the environment. By drawing more of their focus onUsing their size for good and investing in circular and sustainable projects, they can meet their difficult SBTs. The overwhelming interest in the offering is a sign that the investment community supports their sustainable goal.
The green bond framework, according to VF Corp, establishes funding eligibility requirements in three areas: sustainable operations and supply chain; sustainable operations and products; and natural carbon sinks, such as investments in regenerative agriculture methods and reforestation conservation projects.

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