VF Corporation, America’s leading apparel company, has come up with its third Inclusion, Diversity, Equity and Action (IDEA) annual report. 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 per cent Black, Indigenous, and People of Color (BIPOC) representation in the US at the director level and above.
During the fiscal year 2021, VF saw growth against both goals, with those who identify as women comprising 41 per cent of the director and above population globally, and BIPOC associates representing 16 per cent 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 per cent.
Similarly, BIPOC associates within the US across all levels in the organisation were also at 55 per cent. In addition, during fiscal year 2021, one-third of the company’s Board of Directors identified as women and 17 per cent identified as a member of the BIPOC community.
Lauren Guthrie, Vice President of Global Inclusion, Diversity, Equity and Action of the company said, “Our IDEA Annual Profile celebrates and highlights the many ways our associates and leaders have mobilised to support our associates, our consumers, our industry and the communities we serve around the world. The efforts and achievements outlined in the report are rooted in building and maintaining a workplace that celebrates diversity and prioritises allyship, advocacy and authentic belonging while driving focused actions to advance equity and social justice. As we embrace our corporate responsibility to actively promote the betterment of people and planet, VF is committed to addressing the many ways inequities affect all of us.”
VF has identified three strategic pillars to evolve the standards of an inclusive environment amongst brands and employees, employees and culture, brands and consumers, society and movements.
