#Retail & Brands

2023-03-09

VF Corporation closes second €500 Million green bond to support key sustainability initiatives

VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, announced the closing of a €500 million green bond offering, representing its second green bond issued; the inaugural green bond was issued in 2020. An amount equivalent to the net proceeds from the offering has been dedicated to advance programs within the company’s Sustainability & Responsibility strategy and drive progress toward achievement of its science-based targets (SBTs).

“Building on the success of our first green bond in 2020, this newest green bond offering is another example of our strong commitment to projects that support the betterment of people and the planet. Elevating our focus on, and investment in, circular and sustainability projects allows us to leverage our scale for good and achieve our ambitious SBTs,” said Jeannie Renné-Malone, VF’s Vice President of Global Sustainability. “The overwhelming interest in this offering serves as an endorsement from the investor community for our sustainability agenda.”

The transaction garnered demand from a diverse group of investors around the world. VF has dedicated an amount equivalent to the green bond net proceeds to support projects that align with key United Nations’ Sustainable Development Goals. Specifically, VF’s green bond framework defines funding eligibility criteria in three areas:

Sustainable Products & Materials, such as those that support VF’s commitment to source 100 percent of its top nine materials from regenerative, recyclable or renewable sources by 2030;

Sustainable Operations & Supply Chain, such as renewable energy installations, and zero-waste distribution centers;

Natural Carbon Sinks, including reforestation conservation projects, and investments in regenerative agriculture practices.

“This second green bond issuance is another important step in building stronger connections between our environmental stewardship initiatives and new sustainable financing opportunities. It’s also a testament to how much this synergy is part of our business culture and provides investors with additional metrics by which to measure our environmental commitments,” said Matt Puckett, VF’s CFO.

Complete details on the allocation of net proceeds can be found in VF’s Green Bond Framework located on the Green Bond section of the company’s website.

“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

“We need to move away from the price trap and return to a value-driven mindset.”

With its new Textile Innovation Center, KARL MAYER is sending a strong signal for innovation, collaboration, and the future of textile applications. In this interview, Karl Josef Mayer discusses new opportunities in warp knitting, the processing of staple fibres, recycling, the changing role of machinery manufacturers, and why the textile industry must once again focus more strongly on the value of textiles. by Oliver Schmidt

“Innovation, resilience and international experience remain the great strengths of the Swiss textile machinery industry”

Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

Recover™ secures multi-year recycled cotton agreement with H&M

Recover™ has signed a multi-year agreement with H&M to support the integration of its recycled cotton fiber, RCotton, for use in H&M’s products. Since early 2024, H&M and Recover™ have collaborated on product development, which now enables scaled commercial introduction of Recover™ mechanically recycled cotton into H&M’s collections.

GORE-TEX® KIDSWEAR launches innovative membership scheme for kids’ jackets

With its revolutionary new membership model, GORE-TEX® Kidswear now offers families a simple, flexible and sustainable way of kitting out their children in top-quality jackets. It is aimed at the parents of children aged between five and ten and kicks off with a choice of functional winter jackets.

ALADIN paves the way for circular and demand-driven textile production in Europe

Textile production can be organized sustainably by utilizing short supply chains and preventing overproduction. This can already be achieved today by intelligently connecting and efficiently utilizing existing infrastructure. At the same time, production becomes circular when innovative technologies and materials are used that enable high-quality recycling. The ALADIN research project, launched in May 2026 and co-funded with five million euros under the EU Horizon Europe program, is creating the conditions for this.

Katharina Obergruber appointed to the Management Board of Sandler AG

The Supervisory Board of Sandler AG has appointed Katharina Obergruber to the company’s Management Board. Effective September 1, 2026, the Board will consist of Philipp Ebbinghaus (CEO), Dr. Ulrich Hornfeck (currently CCO, future COO), and Katharina Obergruber (CCO). Katharina Obergruber, currently Chief Sales Officer Hygiene and member of the Management Team of Sandler AG, will assume responsibility for all sales activities as Chief Commercial Officer. She will assume this role from Dr. Ulrich Hornfeck, who will focus primarily on production and supply chain topics.

Ence and ShareTex begin initial testing of the ATENEA innovation project to promote textile recycling in Spain

Ence and ShareTex are making progress on the Atenea R&D project, which aims to develop a complete value chain for textile recycling in Spain. Specifically, the goal of the ATENEA project—which is funded by the Center for Technological Development and Innovation (CDTI)—is to connect all the necessary stages for the recovery of textile waste, from collection and management, through recycling and transformation into new raw materials, to their incorporation into new textile products.

DePoly Inaugurates its Showcase Plant in Monthey Switzerland

What if used plastic bottles, PET packaging material and polyester textiles could become raw materials just as high performing as virgin resources? That is the ambition of DePoly, a circular materials company based in Sion, Switzerland which inaugurated its Showcase Plant in Monthey on July 6th & 7th. The first depolymerization facility of its kind and scale in Switzerland, this industrial Showcase Plant represents a major milestone in the company's growth and its journey toward commercialization.