VF Corp targets industry first with green bonds

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 company has not disclosed how much it is hoping to raise from the unsecured bonds.

VF Corp plans to use the money to increase its sourcing of sustainable products and raw materials, to reduce the carbon footprint of its own operations and supply chain and to offset unavoidable emissions.