According to the company, its green bond proceeds totaled 493 million euros (approximately $596 million) and were used to fund projects that drive meaningful positive environmental impacts. Initiatives supported by the bond have included the planting of 2 million trees, a reduction of 16,000 metric tonnes of carbon dioxide through the procurement of sustainable materials, and the saving of more than 970 million liters of water via conservation efforts.

Part of the company’s wider “Made for Change” sustainability and responsibility strategy, VF’s inaugural green bond – the first in the apparel and footwear industry –  was issued in February 2020. “We take great pride in being the first company in the apparel and footwear industry to issue a green bond,” said VF…