Annual profile outlines VF’s inclusion and diversity strategy, progress toward commitments
VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, today published its third Inclusion, Diversity, Equity and Action (IDEA) Annual Profile. Covering the company’s fiscal year 2021, the report defines the key strategic pillars that serve as the drivers and benchmarks for VF’s IDEA goals.
VF has publicly committed to two aspirational employee representation goals and provides annual visibility into the company’s progress. By 2030, VF intends to achieve gender parity at the director level and above globally, and 25% BIPOC representation in the U.S. at the director level and above. During fiscal year 2021, VF saw growth against both goals, with those who identify as women comprising 41% of the director and above population globally, and BIPOC associates representing 16% of the director and above population in the US.
At the end of fiscal year 2021, the overall representation of women globally across all levels of VF’s workforce was 55%. Similarly, BIPOC associates within the US across all levels in the organization was also at 55%. In addition, during fiscal year 2021, one-third of the company’s Board of Directors identified as women and 17% identified as a member of the BIPOC community.
“Our IDEA Annual Profile celebrates and highlights the many ways our associates and leaders have mobilized to support our associates, our consumers, our industry, and the communities we serve around the world,” said Lauren Guthrie, VF’s Vice President of Global Inclusion, Diversity, Equity