Gildan Publishes its 19th Environmental, Social, and Governance (ESG) Report
August 16 2023 - 8:59AM
Gildan Activewear Inc. (GIL: TSX and NYSE) is pleased to announce
that it has published its latest Environmental, Social, and
Governance (ESG) report, marking the Company’s 19th year of public
ESG disclosures. The report highlights Gildan’s 2022 performance
against key targets and the strong momentum generated across all of
its global operations in the first year of activating its Next
Generation ESG strategy.
“Looking back at 2022, I am pleased with our
continued commitment to ESG across our operations and our enhanced
processes and cross-functional collaboration and accountability,”
says Glenn J. Chamandy, President and CEO of Gildan. “ESG is one of
the three core pillars of our Gildan Sustainable Growth (GSG)
business strategy, and as we continue our journey towards achieving
our 2030 ESG targets, we are committed to delivering and reporting
on our progress.”
2022 ESG highlights:
- Tied 25% of all Gildan’s senior executives’ strategic
objectives to their annual short-term incentive plan to support the
advancement of ESG targets
- Included sustainability-linked terms in its existing $1 billion
revolving credit facility
- Reduced absolute Scope 1 and 2 GHG emissions by 10.9% (compared
to a 2018 base year)
- Reduced water intensity by 18.4% (compared to a 2018 base
year)
- Sourced 21.7% of its cotton supply from verified U.S., grown
cotton suppliers (USCTP) and Better Cotton
- 14.2% of total SKUs of packaging and trim materials specific to
apparel (which include carton, polyester, paper, and cotton-poly
trims) now contain recycled materials or have relevant
sustainability certifications
- Achieved 30.3% gender parity in the collective group
representing director-level and above employees, up from 26.7% in
2021
- Contributed $1.1 million to community initiatives
- Published its first stand-alone Climate Change Disclosure
Report
Recent 2023 achievements include:
- The Science Based Target initiative (SBTi) validated Gildan’s
2030 near-term targets to reduce Scope 1 and 2 GHG emissions by 30%
by 2030 from a 2018 base year[1]. SBTi also validated Gildan’s
target to reduce Scope 3 emissions by 13.5% by 2030 from a 2019
base year
- Obtained the first ISO 45001 certification at one of Gildan’s
sewing facilities in the Dominican Republic
Recognitions:
Gildan continues to be recognized for its ESG practices.
- Included in the Dow Jones Sustainability Index for the 10th
consecutive year in 2022
- Included in CDP’s Leadership Band in 2022
- Named one of the “World’s 100 Most Sustainable Corporations” by
Corporate Knights
- Included in “Canada’s Best 50 Corporate Citizens” by Corporate
Knights
- Designated as a 2023 “Top-Rated ESG Company” by Sustainalytics’
ESG Risk Ratings
- Accorded “Prime” status by Institutional Shareholder Services
(ISS) ESG Corporate Rating
The full 2022 ESG Report is available here.
[1] The target boundary excludes land-related emissions and
removals from bioenergy feedstocks.
About Gildan
Gildan is a leading manufacturer of everyday
basic apparel. The Company’s product offering includes activewear,
underwear, and socks, 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. The Company 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®, GOLDTOE®, Peds®, in addition to the
Under Armour® brand through a sock licensing agreement providing
exclusive distribution rights in the United States and Canada.
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, environmental, and governance practices throughout its
supply chain in accordance with its comprehensive ESG strategy
embedded in the Company's long-term business strategy. More
information about the Company and its ESG Next Generation ESG
strategy can be found at www.gildancorp.com.
Investor inquiries: Jessy Hayem,
CFAVice-President, Head of Investor Relations(514)
744-8511jhayem@gildan.com |
Media inquiries: Genevieve
Gosselin Director, Global Communications and Corporate
Marketing (514) 343-8814 ggosselin@gildan.com |
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