Gildan Named One of the World’s Most Sustainably Managed Companies
October 14 2020 - 11:28AM
Gildan Activewear Inc. (GIL: TSX and NYSE) announces that it has
ranked 32nd overall among The Wall Street Journal’s new ranking of
the Top 100 Most Sustainably Managed Companies in the world. The
Company also claimed the 6th spot among the top 10 companies in the
world in the business model/innovation sub-ranking. This
recognition underscores the effectiveness of the Company’s
vertically-integrated operating model and supply chain from a
sustainability standpoint. This has been a founding principle of
the Company’s business strategy which is fully aligned with the
increasing expectations of our customers, investors, employees and
other stakeholders. Gildan was second among only three apparel
companies included in the top 100 ranking and was also the only
North American apparel company.
“We are proud of our inclusion in this new Environmental,
Social, and Governance (ESG) ranking and acknowledgment as a top
global performer,” said Glenn Chamandy, President and CEO at
Gildan. “This recognition is a direct result of our unique business
model of owning and operating our manufacturing facilities and
reflects the continued commitment and progress we have made towards
our vision of Making Apparel Better®. Over the last thirty-five
years, we have built a company known as much for the quality of our
products as how they are made under our Genuine Responsibility®
program which allows us to manufacture clothes responsibly and
ethically,” he added.
The Wall Street Journal’s inaugural ranking of the World’s
Most Sustainably Managed Companies was produced based on a review
of more than 5,500 publicly traded companies around the world that
met disclosure standards for data showing what programs, policies
and performance metrics they have in place for several key
sustainability dimensions, including environment, human capital,
social capital, and business model/innovation. The scores take a
broad view of sustainability that assesses a company’s ability to
create value over the long term, using criteria considered most
financially relevant as defined by the Sustainability Accounting
Standards Board (SASB), a nonprofit organization that works with
companies and investors to create a framework for reporting on
sustainability. More information on the methodology used to assess
companies is available here.
The full list of companies included on the ranking as well as
their individual scores is available here.
About Gildan
Gildan is a leading manufacturer of everyday basic apparel which
markets its products in North America, Europe, Asia Pacific, and
Latin America, under a diversified portfolio of Company-owned
brands, including Gildan®, American Apparel®, Comfort Colors®,
Gildan® Hammer™, Prim + Preux®, GoldToe®, Anvil® by Gildan®,
Alstyle®, Secret®, Silks®, Kushyfoot®, Secret Silky®, Therapy
Plus®, Peds® and MediPeds®, and under the Under Armour® brand
through a sock licensing agreement providing exclusive distribution
rights in the United States and Canada. Our product offering
includes activewear, underwear, socks, hosiery, and legwear
products sold to a broad range of customers, including wholesale
distributors, screenprinters or embellishers, as well as to
retailers that sell to consumers through their physical stores
and/or e-commerce platforms, and to global lifestyle brand
companies.
Gildan owns and operates vertically-integrated, large-scale
manufacturing facilities which are primarily located in Central
America, the Caribbean Basin, North America, and Bangladesh. Gildan
operates with a strong commitment to industry-leading labour and
environmental practices throughout its supply chain in accordance
with its comprehensive Genuine Responsibility® program embedded in
the Company's long-term business strategy. More information about
the Company and its corporate citizenship practices and initiatives
can be found at www.gildancorp.com and
www.genuineresponsibility.com, respectively.
Investor inquiries:Sophie ArgiriouVice President,
Investor Communicationssargiriou@gildan.com |
Media
inquiries:Genevieve GosselinDirector, Corporate
Communications and Marketingggosselin@gildan.com |
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