Company Directory - VF Corporation
Company Details - VF Corporation
VF Corporation
WebsiteVF Corporation is an American multinational apparel and footwear corporation known for its diverse portfolio of brands, including outdoor and action sports clothing, athletic apparel, and lifestyle footwear. It focuses on environmental sustainability and corporate responsibility in its operations.
CCI Score
CCI Score: VF Corporation
18.77
-0.01%
Latest Event
VF Corp Political Contributions and Revolving Door Lobbying Profile
An OpenSecrets profile reveals that VF Corporation reported $22,085 in political contributions and $340,000 in lobbying expenditures for the 2024 cycle. The profile also highlights a revolving door phenomenon, with 4 out of 6 lobbyists in 2023 and 2 out of 3 in 2024 having previously held government positions, raising concerns about potential undue influence on policymaking.
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SABOTEUR
VF Corporation is currently rated as a Saboteur.
Latest Events
- FEB192025
An OpenSecrets profile reveals that VF Corporation reported $22,085 in political contributions and $340,000 in lobbying expenditures for the 2024 cycle. The profile also highlights a revolving door phenomenon, with 4 out of 6 lobbyists in 2023 and 2 out of 3 in 2024 having previously held government positions, raising concerns about potential undue influence on policymaking.
-10
Political Contributions and Lobbying Efforts
April 3
VF Corporation's reported political contributions and lobbying expenditures, while modest in monetary terms, indicate that the company is active in shaping public policy. The expenditure figures, along with the data on political contributions, suggest a level of corporate political engagement that merits scrutiny from a democratic accountability standpoint.
-30
Executive Political Engagement
April 3
The profile highlights a significant revolving door practice, where a considerable proportion of VF Corporation's lobbyists come from previous government positions. This pattern raises concerns regarding conflicts of interest and the potential for undue corporate influence on public policy, undermining democratic processes.
- JAN012025
VF Corporation issued a statement that it has ended and will continue to end business relationships with suppliers and contract factories that fail to remediate human rights violations. The company emphasized its strong legal compliance program and robust supply chain traceability to ensure adherence to its anti-forced labor policies and the UFLPA guidelines.
+80
Labor Relations and Human Rights Practices
January 1
VF Corporation's commitment to ending relationships with suppliers that violate human rights—as outlined in its Modern Slavery Statement and Anti-Forced Labor Commitment—demonstrates a strong, proactive stance in protecting workers' rights and opposing forced labor practices.
VF Corporation responded - Business & Human Rights Resource Centre
+70
Supply Chain Ethics
January 1
The company's robust supply chain traceability and strict Terms of Engagement for suppliers illustrate responsible sourcing practices. This measure supports ethical business practices by ensuring that all suppliers comply with human rights and anti-forced labor standards.
VF Corporation responded - Business & Human Rights Resource Centre
- JAN012025
VF Corporation issued a response denying any affiliation with Nanjing Synergy Textiles Co. Ltd and reaffirming its commitment to internationally recognized human rights. The company emphasized its efforts to enhance supply chain transparency through improved cotton traceability, and stated that it has ended business relationships with any suppliers that refuse to remediate human rights violations, including forced labor and modern slavery.
+80
Labor Relations and Human Rights Practices
April 3
VF Corporation’s statement reaffirms its commitment to upholding internationally recognized human rights and fair labor practices by insisting on ending relationships with suppliers involved in forced labor or modern slavery. This proactive stance in protecting labor rights merits a positive rating.
North Face/VF Corp's response - Business & Human Rights Resource Centre
+70
Supply Chain Ethics
April 3
VF Corporation detailed enhancements in its supply chain management, including improved cotton traceability and expressed a commitment to ending any business relationship that tolerates human rights abuses. These measures support ethical sourcing practices and contribute positively to supply chain ethics.
North Face/VF Corp's response - Business & Human Rights Resource Centre
- DEC312024
VF Corporation outlines its government affairs strategy and political engagement practices including structured lobbying efforts, strict compliance with reporting requirements, and a clear nonpartisan stance by not making direct campaign contributions or endorsing candidates.
+15
Political Contributions and Lobbying Efforts
April 3
VF Corporation’s government affairs page details a disciplined approach to political engagement. The company actively engages in lobbying to shape public policy—focusing on issues like free trade, human rights, and climate impact—but notably refrains from endorsing or contributing directly to political candidates or initiatives. This nonpartisan, compliance-focused strategy, while still serving corporate interests, avoids direct support for partisan or authoritarian agendas, earning a modest positive score.
- FEB142024
VF Corporation announced the appointment of luxury and fashion veteran Caroline Brown to its board following constructive engagement with activist investor Engaged Capital, signaling a shift towards enhanced independent oversight and accountability as the company restructures its portfolio strategy.
+60
Executive Political Engagement
April 3
The appointment of Caroline Brown, a seasoned industry leader, as a board member—coupled with VF Corporation’s agreement to consider additional independent directors identified by activist investor Engaged Capital—indicates a commitment to reform and increased accountability. This move is seen as a positive corporate governance intervention that aligns with progressive aims by incorporating external, independent oversight, thereby diluting potential authoritarian management practices.
- DEC312023
VF Corp spent $310,000 on lobbying activities in 2023, as reported by OpenSecrets, indicating active political engagement that raises concerns about corporate influence on democratic processes.
-40
Political Contributions and Lobbying Efforts
April 3
VF Corp's $310,000 lobbying expenditure in 2023 reflects its direct involvement in influencing political decision-making processes. Such corporate lobbying can undermine democratic accountability and promote policies that favor corporate interests over those of the public, which is concerning from an anti-fascist perspective.
- DEC132023
VF Corporation experienced a ransomware attack on December 13, 2023, which led to the shutdown of some IT systems and a data breach, including personal data theft. The company activated its incident response plan and disclosed the incident in compliance with new SEC cybersecurity rules.
+5
Business Practices and Ethical Responsibility
April 3
Despite suffering a ransomware attack, VF Corporation demonstrated a measure of corporate responsibility by promptly disclosing the incident as required by new SEC regulations and activating its incident response plan. This transparency reflects a commitment to ethical business practices, though it also underscores the need for stronger cybersecurity measures.
$11 billion North Face owner, VF Corp., hit by ransomware - The Stack
-20
Technology and Services Impact
April 3
The ransomware attack exposed vulnerabilities in VF Corporation’s IT systems, raising concerns about their cybersecurity posture. Such weaknesses not only risk the security of consumer data but also undermine confidence in the company’s digital services, which is critical in an era of increasing cyber threats.
$11 billion North Face owner, VF Corp., hit by ransomware - The Stack
- DEC012023
In December 2023, VF Corp experienced a significant data breach that compromised personal and business information, exposing the company to potential government investigations, private lawsuits, and legal penalties. This incident highlights serious lapses in the company’s responsibility to safeguard sensitive consumer data.
-35
Business Practices and Ethical Responsibility
April 3
The data breach represents a significant failure in VF Corp's business practices and ethical responsibility. By failing to adequately secure sensitive information, the company not only jeopardizes consumer privacy but also risks major legal and regulatory repercussions, undermining trust and accountability.
VF Corp’s Data Breach: Navigating the Storm of Legal Woes and Consumer Trust
- OCT262023
Activist groups Engaged Capital and Legion Partners have mounted a campaign against VF Corporation, demanding a change in management and board structure in response to prior operational missteps. The campaign includes a proposal to cut over $300 million in operating costs and calls for strategic reinvestment in major brands like The North Face and Vans, as evidenced by recent board appointments such as Nike president Trevor E. Edwards.
+30
Public and Political Behavior
April 3
The activist pressure represents a form of public oversight and demands for accountability, challenging entrenched management practices. This kind of external pressure can realign corporate governance towards greater transparency and responsiveness, a positive force against opaque corporate behavior.
+15
Business Practices and Ethical Responsibility
April 3
The campaign demands operational changes aimed at addressing past missteps and reallocating resources more responsibly. While aggressive cost-cutting can sometimes risk labor conditions, the proposal’s focus on strategic reinvestment and board renewal suggests an effort to reorient business practices toward ethical responsibility.
- OCT172023
An activist investor, Engaged Capital, is urging VF Corporation to refresh its board and halt further acquisitions. The proposal calls for a review of non-core assets, a commitment to no additional acquisitions, and the appointment of board members focused on shareholder value, in a bid to reinvigorate corporate governance and curb past mismanagement.
+40
Executive Political Engagement
April 3
The activist investor’s call for a board refresh is seen as a push for more accountable and transparent corporate leadership. By demanding the appointment of new board members who prioritize value creation, the move is viewed as a corrective measure against entrenched management practices, fostering democratic accountability within the firm. This aligns with anti-authoritarian principles by reducing centralized executive power.
Activist Investor Pushes VF Corp. to Refresh Board, Halt Acquisitions
+30
Business Practices and Ethical Responsibility
April 3
The call to halt further acquisitions is interpreted as a move to prevent potentially reckless and expansive strategies that have previously contributed to operational missteps. By reassessing non-core assets and curbing acquisitive growth, the initiative promotes more sustainable business practices and ethical responsibility, which can help defuse the concentration of corporate power.
Activist Investor Pushes VF Corp. to Refresh Board, Halt Acquisitions
- FEB272017
VF Corporation announced new sourcing policies aimed at eliminating products linked to deforestation and human rights violations in its supply chain, as reported by Reuters Foundation on Feb 27. The initiative targets wood pulp and packaging materials sourced from areas that contribute to ecological destruction and violate indigenous rights.
+80
Supply Chain Ethics
April 3
VF Corp's new sourcing policy directly addresses supply chain ethics by eliminating products that contribute to deforestation and violate indigenous human rights. This proactive measure is a strong step towards responsible sourcing and mitigating environmental harm.
Apparel titan VF Corp tackles deforestation, human rights issues in supply chain
+75
Labor Relations and Human Rights Practices
April 3
The policy also reflects a commitment to improving labor and human rights practices by ensuring that indigenous and local communities are not adversely affected by VF Corporation's supply chain. This focus on human rights is a crucial positive move against exploitation.
Apparel titan VF Corp tackles deforestation, human rights issues in supply chain
Alternatives
Corporation
1.08
Corporation
32.87
New York, United States
33.47
Vancouver, Canada
-1.85
Germany
-11.27
Milan, Italy
-17.64
Baltimore, United States
-20.54
Corporation
78.60
Corporation
23.02
New York, USA
28.27
Corporate Financials
- Revenue
- 2025
- $10.00B
- Total Assets
- 2025
- $25.00B
- Operating Income
- 2025
- $1.50B
- Total Equity
- 2025
- $8.00B
Employees: 50,000
Industries
- 315210
- Cut and Sew Apparel Contractors
- 448190
- Other Clothing Stores
- 424320
- Men's and Boys' Clothing and Furnishings Merchant Wholesalers
- 315240
- Women’s Clothing Manufacturing
- 315220
- Men's and Boys' Cut and Sew Apparel Manufacturing