VF Corporation has been named the world’s most ethical company by the Ethisphere Institute. This assessment is based on a framework which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized way. The information provides a comprehensive sampling of definitive criteria of core competencies in the areas of corporate governance, risk, sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance program (35 per cent), corporate citizenship and responsibility (20 per cent), culture of ethics (20 per cent), governance (15 per cent) and leadership, innovation and reputation (10 per cent).
VF is a global leader in branded lifestyle apparel, footwear and accessories. Ethisphere defines and advances the standards of ethical business practices. It is one of only three apparel companies to figure in the list, underscoring the company’s commitment to leading its industry through ethical business standards and practices.
Since 2006, Ethisphere has honored companies that recognize their role in society to influence and drive positive change, consider the impact of their actions on their employees, investors, customers and other key stakeholders, and use their values and culture as an underpinning to the decisions they make every day.