DENVER - VF Corp, which owns brands including Timberland and North Face, is to offer green bonds to investors to fund sustainability projects in what is believed to be a global first for an apparel company.
The US giant has not disclosed how much it is hoping to raise from the unsecured bonds but Ecotextile News understands it runs to several hundred million US dollars.
VF Corp plans to use the money in three key areas - increasing its sourcing of sustainable products and raw materials, reducing the carbon footprint of its own operations and supply chain, and offsetting unavoidable emissions.
