VF Corporation Commended for Climate Change Disclosure
GREENSBORO, N.C.-- VF Corporation (NYSE: VFC) has been commended by the Carbon Disclosure Project (CDP), which represents 534 institutional investors with $64 trillion in assets under management, for its approach to climate change disclosure.
VF Corporation is featured in CDP's "Carbon Disclosure Leadership Index." This index, a key component of CDP's annual S&P 500 Report, highlights the constituent companies within the S&P 500 Index which have displayed the most professional approach to corporate governance in respect of climate change disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company.
The index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP provides an evaluation tool for institutional investors. In 2010, it comprises 53 constituents of the S&P 500 Index based on analysis of the responses to CDP's 2010 questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
"We are grateful that in this, our first year of measuring our GHG globally, our efforts have been positively acknowledged," said Eric C. Wiseman, President and Chief Executive Officer of VF. "We recognize our responsibility to help manage the earth's resources to benefit future generations and are committed to minimizing our environmental impact."
Paul Dickinson, Chief Executive of the Carbon Disclosure Project, commented:
"The Carbon Disclosure Leadership Index recognizes companies that demonstrate good internal data management practices for understanding greenhouse gas emissions, including energy use. Companies that make this index have also demonstrated clear consideration of how climate change is and will impact their business. As companies' understanding of climate change issues grows, they are better placed to take positive action to manage and mitigate its risks."
The S&P 500 Report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net.
VF Corporation is a global leader in branded lifestyle apparel with more than 30 brands, including Wrangler(R), The North Face(R), Lee(R), Vans(R), Nautica(R), 7 For All Mankind(R), Eagle Creek(R), Eastpak(R), Ella Moss(R), JanSport(R), lucy(R), John Varvatos(R), Kipling(R), Majestic(R), Napapijri(R), Red Kap(R), Reef(R), Riders(R) and Splendid(R).
VF Corporation's press releases, annual report and other information can be accessed through the Company's home page, www.vfc.com.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations across the world's largest economies now measure and disclose their greenhouse gas emissions and climate change strategies through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 534 institutional investors, with combined assets under management in excess of $64 trillion, as well as purchasing organizations and government bodies and made available for integration into business and policy decision making. For more information visit www.cdproject.net
Source: VF Corporation