Gildan Listed on the 2020 Dow Jones Sustainability Index for the Eighth Consecutive Year
November 17 2020 - 8:30AM
Gildan Activewear Inc. (GIL: TSX and NYSE) announced today that it
has been listed on the Dow Jones Sustainability North America
Index. This marks Gildan’s eighth consecutive year of inclusion on
the Dow Jones Sustainability Indices (DJSI), recognizing the
Company’s success and commitment in areas related to Environmental,
Social, and Governance (ESG) practices. Gildan is the only apparel
manufacturer to be included in the North American index.
“We are again pleased that Gildan has been included on the DJSI
and that our scores reflect our continuous commitment to high
achievement levels in all areas of ESG,” said Glenn Chamandy,
President and CEO at Gildan. “Our eighth consecutive inclusion is
the result of the hard work and dedication from our teams around
the world to our vision of Gildan as a leader in ethical and
sustainable apparel manufacturing. Despite a challenging global
environment for all in 2020, I am particularly proud that Gildan
continues to be recognized for its ability to manufacture
responsibly, thanks to our unique vertically-integrated business
model that allows us to care for our people, conserve the
environment, and create stronger communities,” he continued.
“We congratulate Gildan for being included in the DJSI North
America Index,” said Manjit Jus, Global Head of ESG Research and
Data, S&P Global. “A DJSI distinction is a reflection of being
a sustainability leader in your industry. With a record number of
companies participating in the 2020 Corporate Sustainability
Assessment and more stringent rules for inclusion this year, this
sets your company apart and rewards your continued commitment to
people and planet."
This year, Gildan was able to increase its scores in all
dimensions and showed significant improvement in areas related to
labor practice indicators, operational eco-efficiency, and risk and
crisis management. Gildan also achieved top score in the corporate
governance, codes of business conduct, environmental reporting,
social reporting, and corporate citizenship and philanthropy
categories this year.
Environmental
Reporting
In 2019, Gildan launched an updated Global Environmental &
Energy Policy, which focuses on strengthening its environment and
energy performance as one of its key priorities while embracing a
proactive culture through the implementation of initiatives that
build on its practices, guaranteeing that its environmental
footprint is among the best in the industry. To ensure that the
Company’s policy is upheld at all its operations and that it is in
compliance with all applicable environmental laws and regulations
in the countries where it operates, the Company has a comprehensive
Environmental Management System (EMS). The EMS allows the Company
to evaluate its procedures for managing critical areas such as
water use and wastewater discharge, energy generation and
consumption, chemical handling and storage, raw materials
selection, waste generation, biodiversity protection, emissions and
spill control. Over the years, Gildan has invested significantly in
systems and technologies to closely measure, monitor, and optimize
the operational sustainability of its facilities.
Social Reporting
Gildan is committed to adopting the best labour practices and
working conditions to ensure that the human rights and dignity of
all its employees and those of its business partners are respected.
A such, in 2019, Gildan updated its Human Rights Policy to include
the Company’s most important social issues and identify,
understand, and address actual or potential adverse human rights
risks in connection with its operations and extended supply chain.
In every location where the Company operates, Gildan offers fair
wages, competitive benefits, safe and healthy work environments,
and professional and personal development opportunities. Gildan
also has rigorous systems in place, like its grievance mechanisms,
to identify, prevent, and mitigate the risk of human rights
violations in its supply chain.
Code of
Business
Conduct
Gildan has a comprehensive framework governing corporate
compliance policies including a Code of Ethics, a Code of Conduct,
and an Anti-Corruption Policy, amongst others. The Gildan Code of
Conduct guides the Company’s activities wherever it operates and is
aligned with internationally recognized standards such as the
International Labor Organization (ILO) and the Fair Labor
Association (FLA). The Company has several processes and training
in place to increase awareness and compliance with its codes across
the organization and expects its business partners to adhere to the
same ethical and business conduct standards that it has adopted
internally.
Created jointly by S&P Dow Jones Indices and SAM, the Dow
Jones Sustainability Index family is a best-in-class benchmark for
sustainable business practices which are critical to generating
long-term shareholder value. The Dow Jones Sustainability North
America Index was established in September 2005 to track the
performance of companies from Canada and the United States that
lead the field in terms of corporate sustainability.
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, 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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