Annual Progress Report for Smartwool
What is the OIA Climate Action Corps?
The Climate Action Corps is the outdoor industry’s collaborative model to lead on climate action, with a goal of reducing and removing greenhouse gas emissions across the outdoor industry, carving a new bold path for others to follow.
Climate Action Corps members follow this pathway to reduce their climate impacts
Measure
our entire GHG footprint
Plan
by setting science-aligned reduction targets
Reduce
GHG emissions in line with our targets
Remove
GHG emissions that you cannot eliminate today
Advocate + Engage
for policies supporting climate action
Share
progress each year through this progress report
Measure
Please indicate your company’s progress in measuring 2024 scope 1 and scope 2 emissions:
| We have measured our scope 1 and scope 2 emissions | X |
| We are in progress on measuring our scope 1 and scope 2 emissions | |
| We have an initial estimate of our scope 1 and scope 2 emissions | |
| We have not yet started measuring our scope 1 and scope 2 emissions |
Please indicate your company’s progress in measuring 2024 scope 3 emissions:
| We have measured scope 3 emissions | |
| We are in progress on measuring scope 3 emissions | X |
| We have an initial estimate of our scope 3 emissions | |
| We have not yet started measuring our scope 3 emissions |
Our company’s most recent quantified GHG measurement by scope (in metric tonnes of CO2e):
| Scope 1 Emissions (tCO2e) | 7,895 (VF FY24) |
| Scope 2 Emissions (tCO2e) | 37,844 (VF FY24) |
| Scope 3 Emissions (tCO2e) | 5,165,000 (VF FY23) |
How does your company verify GHG measurements?
| Our company’s GHG measurements have been verified by an independent party | |
| Our company’s GHG measurements will be verified by an independent party | |
| Our company is considering verification of GHG measurements | |
| Our company is not considering verification of GHG measurements |
Other (please specify)
Scope 1&2 emissions are independently verified
Plan
Has your company leadership approved quantitative GHG reduction targets for Scope 1 and 2 emissions?
Yes
Please enter your leadership approved Scope 1 and 2 quantitative GHG reduction targets
Reduce absolute Scope 1&2 GHG emissions by 55% by 2030 (FY17 baseline)
Are your Scope 1 and 2 targets aligned with criteria from the Science-based Targets Initiative (SBTi)?
Yes
Are your Scope 1 and 2 targets verified by the Science-based Targets Initiative (SBTi)?
Yes, they are verified
Has your company leadership approved quantitative GHG reduction targets for Scope 3 emissions?
Yes
Please enter your leadership approved Scope 3 quantitative GHG reduction targets
Reduce scope 3 emissions from purchased goods/services & upstream transportation by 33% by CY30 (FY17 baseline)
What type of scope 3 target did you set?
Absolute
Is your Scope 3 reduction target aligned with criteria from the Science-based Target Initiative (SBTi)?
Yes
Are your Scope 3 targets verified by the Science-based Targets Initiative (SBTi)?
Yes, they are verified
Reduce
Has your company established an emissions reduction action plan or roadmap that guides your efforts to achieve your reduction?
Yes
My company has taken the following actions to reduce GHG emissions (select all that apply):
| Improved energy efficiency at our owned/controlled facilities | X |
| Produced or procured renewable electricity (and/or renewable energy credits) for our owned/controlled facilities | X |
| Reduced fuel consumption of company-owned/controlled vehicles by choosing electric vehicles or other alternatives | |
| Reduced onsite use of fuels through electrification or other energy sources for our owned/controlled facilities | X |
| Procured renewable fuels (e.g. biogas) for onsite use at our owned/controlled facilities | |
| Adopted the use of refrigerants with low Global Warming Potential (GWP) at our owned/controlled facilities | |
| Engaged with our suppliers about energy efficiency | X |
| Engaged with our suppliers about renewable energy | X |
| Engaged with our suppliers about cleaner thermal processes (e.g. electrification, biomass) | X |
| Engaged our suppliers about measuring their GHG emissions | |
| Changed our company's products and materials to alternatives with lower-GHG footprint | X |
| Reduced materials waste in the design and/or manufacturing of our products | X |
| Designed our products to be more energy efficient during use | |
| Implemented company policies to reduce impacts of business travel | |
| Reduced packaging and/or changed our packaging to alternatives with lower-GHG footprint | X |
| Reduced impacts of inbound distribution (transportation modes, logistics, packing density) | |
| Reduced impacts of outbound distribution (transportation modes, logistics, packing density) | |
| Designed products for repair-ability and offered repair services | |
| Bought back and re-sold (or facilitating the resale of) used products | X |
| Offered product leasing/renting or subscription programs | |
| Moved our company website to a green host | |
| Collaborated with other companies to accelerate the adoption of renewable energy | X |
| Reduced single-use company swag | |
| None (we have not taken actions yet) |
Other (please specify)
Sock takeback and recycling program (Second Cut)
Has your company made measurable progress toward your emissions reduction targets?
Yes
Please share your progress in terms of a percent reduction from your base year emissions and identify the scopes associated with the reduction.
As of FY24, VF has reduced its absolute Scope 1 and 2 GHG emission by 46% from a FY17 baseline. An improvement from a reduction of 42% in FY23
Remove
Did your company invest in carbon removal or credits to “offset” all or a portion of its carbon emissions in 2024?
No
What actions did your company take in 2024 to offset its carbon emissions? (Select all that apply)
| Our company purchases carbon offsets for a portion of our footprint | |
| Our company purchases carbon offsets for our entire footprint | |
| Our company directly invests in carbon removal or sequestration |
Other (please specify)
Advocate + Engage
Did your company advocate for and/or engage in climate action in 2024?
Yes
What actions did your company take to advocate and/or engage? (Select all that apply)
| Endorsed a climate solutions campaign or sign-on letter | |
| Corresponded directly with U.S. Congress or administration officials | X |
| Corresponded directly with state regulatory agencies and/or officials | X |
| Corresponded directly with international regulatory agencies and/or officials | |
| Supported advocacy groups through donations or membership | X |
| Empowered consumers to take action on climate | |
| Recognized and rewarded climate leading actions with our suppliers | |
| Participated in collaborative industry programs to reduce GHG emissions in the supply chain | |
| Participated in a government meeting, such as OIA's virtual or in-person D.C. fly-in events | X |
| Provided our customers with opportunities to advocate |
Other (please specify)
Share
Enter how your company publicly communicates its climate action efforts (Select all that apply):
| Our company's GHG reduction targets are publicly available | X |
| Our company's GHG reduction strategy is publicly available | |
| Our company's progress against GHG targets is publicly available | X |
| Our company's quantified GHG reduction achievements are publicly available | |
| None of the above |
Please provide links for the following publicly available information about your company’s GHG emissions:
| Our company's GHG measurements are publicly available: | https://www.vfc.com/responsibility/governance/reporting-data |
| Our company's GHG reduction targets are publicly available: | https://www.vfc.com/responsibility/governance/reporting-data |
| Our company's GHG reduction strategy is publicly available: | https://www.vfc.com/responsibility/governance/reporting-data |
| Our company's progress against GHG targets is publicly available: | https://www.vfc.com/responsibility/governance/reporting-data |
Do you have any additional details to share publicly about your company's efforts to address climate change?
GHG data represents our parent company VF. We currently do not have brand specific data.