logo
  

VF Implements New Programs And Actions To Advance Racial Equity

VF Corp. (VFC) said Thursday that it is implementing new programs and actions to advance racial equity within the company and beyond.

VF said it aims to achieve 25 percent Black, Indigenous and People of Color (BIPOC) representation within its Director and above population by 2030. To support the commitment, VF has partnered with PENSOLE, a footwear design academy that provides students with the knowledge required to become professional footwear designers.

VF noted that it will apply Mansfield Rule requirements, a recruitment benchmark originally developed for the legal industry, to its talent acquisition and development decisions across all company departments. The Mansfield Rule requires initial candidate slates to contain at least 50 percent diverse candidates when hiring or promoting candidates.

By 2024, VF will assess and resolve any identified pay gaps for employees, sponsored athletes and influencers across the organization through a pay equity analysis.

VF noted that it will establish a supplier diversity program to double its spend with minority- and women-owned businesses by 2025 through enterprise direct and indirect procurement, and the activities of its brands.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Philips Electronics NV were losing around 2 percent in the morning trading in Amsterdam after the Dutch consumer electronics giant on Monday trimmed its outlook for fiscal 2021 after reporting weak EBITA and sales in its third quarter. The results were hurt by supply chain challenges as well as Sleep & Respiratory Care recall. However, quarterly net profit was significantly higher. The Goldman Sachs Group, Inc. (GS) reported that its third quarter net earnings applicable to common shareholders increased 63 percent year-on-year. Net revenues were also significantly higher reflecting significantly higher net revenues in Investment Banking, Global Markets and Consumer & Wealth Management,... Butterball, LLC recalled about 14,107 pounds of ground turkey products for potential contamination with foreign materials, specifically blue plastic material, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement.
Follow RTT