VF Corporation Closes Inaugural €500 Million Green Bond to Support Key Sustainability Initiatives
VF Corporation, one of the world’s largest apparel, footwear and accessories companies, announced the closing of its €500 million green bond offering, representing the first green bond issued in the apparel and footwear industry. The amount equivalent to the net proceeds from the offering will be used to advance programs within the company’s Made for Change Sustainability & Responsibility strategy and drive progress toward achievement of its recently announced science-based targets (SBTs) and sustainable materials vision.
“At VF, we believe that delivering on our commitments to environmental and social responsibility is equally important as meeting our financial commitments to shareholders,” said Steve Rendle, VF’s Chairman, President and CEO. “The overwhelming interest in our green bond serves as an endorsement from the business community for our purpose-led agenda and focus on connecting business success with actions that improve lives and our planet.”