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DENVER – VF Corporation, the leading apparel, footwear and accessories business whose brands include The North Face and Timberland, has announced the closing of a €500m green bond offering, representing the first green bonds issued in the apparel and footwear industry. Proceeds from the offering will be used to advance programmes within the company’s sustainability strategy in line with its recently announced science-based targets (SBTs).

“Our inaugural green bond is an important step in advancing our sustainability journey and our business purpose of supporting projects for the betterment of people and the planet,” Jeannie Renné-Malone, VF’s vice president of global sustainability told Apparel Insider. “Elevating our focus on, and investment in, circular and sustainability projects allows us to leverage our scale for good and achieve our ambitious SBTs.”

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