VF Corporation

Apparel Retailers

VFC

$ 47 0.72

Share price

$ 18 bn

Market Cap

$ 25 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.1x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

FY2022

VF Corporation aims to reduce Scope 1 + 2 by 55% by 2030 from a base year 2017

This target is most likely outdated and the company appears to have already achieved it

1.5°C

GHG emissions and Carbon intensity

VF Corporation reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 72 Kt (-16 /-18.4% y-o-y).

VF Corporation's Scope 3 emissions surged to 50 Kt (+8.7/+21% y-o-y). The growth accelerated relative to the long-term trend (+8.7% CAGR) observed since 4Q'16.

The company is committed to reducing Scope 1 + 2 by 55% by 2030 from a base year 2017, which it appears to have already achieved as of 2021. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q1	72	14	58
2020Q1	88	18	70
2018Q4	213	73	140	50
2017Q4	216	72	143	42
2016Q4	212	72	140	39
2015Q4	223	76	147	44
2014Q4	225	72	154	42