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The Better Cotton Initiative
This document provides information about VF Corporation, a global apparel and footwear company. It discusses VF's portfolio of over 30 brands, annual revenues of $12.3 billion, and production of around 1.3 million units per day. It also summarizes VF's sustainable cotton sourcing efforts through the Better Cotton Initiative, including increasing use of BCI cotton from 666 metric tons in 2013 to over 12,000 metric tons in 2015.
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The Better Cotton Initiative
- 1. POWERFUL BRANDS. POWERFULPLATFORMS. ONE VF. BRADFORD VAN VOORHEES Senior Manager, Supply Chain Sustainability Better Cotton Initiative at VF Sasin – August, 20th 2015
- 2. » Global leaderin branded lifestyle apparel and footwear » Diverse portfolio of more than 30 powerful brands » Business model built on powerful platforms that provide a unique competitive advantage and fuel for growth ABOUT VF
- 3.
- 4. A FEW FACTS $12.3B2014global revenues 59Kassociates around the world 150countries worldwide NO. 1manufacturer of denim ~1,400owned retail stores $ 1.2Breturned to shareholders in 2014 ~1.3Munits of apparel and footwear produced every day ~600Myards of fabric purchased every year – enough to wrap around the earth 13 times
- 5. Global Annual Cotton Yieldis over 20m Metric Tons Grown in around 85 Countries Supporting 250 Million people’s livelihoods
- 6. 2.4% of the world’scrop lands are planted with cotton 11% of the world’s Insecticide 24% of the world’s Pesticide 73% is grown on irrigated land using fresh water
- 7. VF buys nearly1% of the global cotton supply Roughly 200,000 Metric Tons Indirectly affecting over 2.5 million people
- 8. What is SustainableCotton for VF? Improvements in one or more of the following areas: • Environmental footprint • Social conditions • Economic livelihood8
- 9. Major Sustainable CottonOptions: How They Compare
- 10. 10Confidential | BCI Utilization2013-2015 (in Metric Tons) Energy Efficiency Identifying efficiencies and lowering our carbon footprint 666 2,489 12,000 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 2013 2014 2015 273% 382%
- 11. 11Confidential | 2014 BetterCotton by Country of Supplier (in Metric Tons) Energy Efficiency Identifying efficiencies and lowering our carbon footprint 1017, 41% 42, 2% 711, 28% 180, 7% 165, 7% 375, 15% India Turkey China Pakistan Italy Bangladesh
- 12. INTERNAL AND EXTERNALBENEFITS 12 THANK YOU