Reducing our Carbon Footprint and Increasing Energy Efficiency
Today, about 98 percent of VF’s primary energy comes from fossil fuels. This represents both a challenge and an opportunity. Moving to renewable energy sources, finding methods to optimize energy use, and achieving further operational efficiency are our top priorities.
We are actively pursuing strategies that reduce our carbon footprint while working with industry groups, governments and NGOs to support national action on climate change.
VF spends more than $125 million annually on energy, fuel and business travel to power our operations worldwide. Reducing this energy use is not just good for the environment, it’s also good for our business. We understand that physical aspects of climate change, such as shifts that result in precipitation or temperature changes and water scarcity, may also pose risks to VF’s global supply chain by affecting our ability to acquire raw materials, to manufacture products or to transport them to market. Additionally, our goal is to exchange carbon-intensive energy sources for cleaner, renewable sources such as solar and wind. Achievements in these areas will insulate us from energy price volatility and potential carbon tax implications.
We believe the risks associated with climate change are real and that actions to address this issue on a global scale require immediate attention. As such, VF is collaborating with industry groups, governments and NGOs to lead meaningful dialogue on the topic, and we are pursuing multiple methods to mitigate our own carbon impacts. In 2013, VF has saved 22,528 GJ from our efforts to reduce energy use.