Upcoming Event: Kontoor Brands First Quarter 2024 Earnings Conference Call - May 2, 2024 at 8:30 a.m. ET - Webcast
Our Approach to Sustainability Governance
We believe good governance is integral to achieving our sustainability goals and driving shareholder value. Sustainability is an enterprise-wide commitment informed by and integrated into our strategic priorities. We focus on People, Product, and Planet – key areas that align with our business strategy and where we can have the greatest potential for impact. Our north star is our Purpose, Mission and Values, which guide the actions of our 14,000 global employees.
Letter from Our CEO
At Kontoor, we believe we must leverage our size and global reach to affect change across our industry. We are responsible for contributing to a healthier planet and working towards a more equitable society. Simply stated, it is the right thing to do.
That is why I am pleased to share Kontoor’s third Sustainability Report, which covers the calendar years of 2021 and 2022, and shares progress towards our global sustainability goals, including our new science-based targets for greenhouse gas emissions. The report includes important findings from our double materiality assessment. This comprehensive analysis helps our company understand and address our sustainability risks and opportunities, both within the organization and in relation to our broader external impact.
Our approach to sustainability is a dynamic process of continuous improvement for people, our products, and our planet. In this report, we discuss how we have augmented our strategy to include the concept of prosperity. This concept links our sustainability efforts towards de-risking, bolstering brand equity, and enhancing total shareholder returns.
Outlined in the pages of this report, you will also find extensive details on our operations, our progress toward our goals, and several programs and projects that we believe are driving change for our industry. I would like to specifically highlight the following key initiatives, detailed in this report, that are driving our global sustainability efforts:
- The Indigood® Program saved 725 million liters of fresh water in 2022.
- Our Global Design Standards give our designers and product developers a toolkit for end-to-end improvement.
- Our circularity initiatives enable us to reimagine and extend the life and value of our products.
Thank you to our employees for their ambition, ingenuity, and dedication and to our valued consumers, customers, and shareholders for their ongoing partnership in our journey toward a more sustainable future.
Scott Baxter
Chair of the Board, President, and Chief Executive Officer
Resources
As a leader within the denim industry, we take our responsibility seriously. We are committed to sourcing products and materials from companies that share our values for human rights, ethics, and environmental sustainability. On our Resources page, you will find our sustainability reporting efforts, policies and standards.
View Kontoor Brands Resources, Policies and Standards
Enterprise Risk Management Council
Our Enterprise Risk Management Council is organized to identify, evaluate and manage risk topics and issues, in alignment with Kontoor Brands’ business priorities. The Council meets regularly and provides leadership on strategy, financial, operational, compliance and reputational risk.
ESG Council
The Environment Social and Governance (ESG) Council supports and champions Kontoor’s on-going commitment to a range of ESG- related topics including environmental impacts, diversity and inclusion, and health and safety. The Council assists the Executive Leadership Team in its oversight of the significant ESG risks, strategies, policies, program, and practices to further our business purpose and strategy, culture, values and reputation.