Gildan Included in Leadership Band on CDP's 2020 Climate Change Report
December 09 2020 - 1:27PM
Gildan Activewear Inc. (GIL: TSX and NYSE) is pleased to announce
that the Company has been included as a top performer on CDP’s 2020
Climate Change Report. Gildan received an A- for the second
consecutive year placing the Company in CDP’s leadership band, and
well above the apparel design sector average of C.
Companies scoring within the leadership category
are recognized for their transparent and comprehensive disclosure
of climate data, thorough awareness of climate risks, demonstration
of strong governance and management of climate risks, and
demonstration of market-leading practices. More specifically,
Gildan this year scored particularly high in areas related to
governance, scope 1 & 2 emissions, value chain management, as
well as business strategy and financial planning. In 2019, Gildan
was able to decrease its GHG emissions intensity by 13% when
compared to its 2015 baseline, effectively achieving and surpassing
one of its key 2020 environmental goals early. Read more specifics
on Gildan’s initiatives in its 2019 ESG report.
“As we complete our 2020 goals, we are incredibly
proud to see that our commitment towards sustainability continues
to be recognized by leading organizations like CDP for our progress
towards corporate transparency and action against climate change,”
said Claudia Sandoval, Vice-President of Corporate Citizenship at
Gildan. “This inclusion demonstrates that Gildan is amongst the top
8% of companies worldwide, reporting on climate change, making
significant progress towards a more sustainable future. We are well
positioned to continue to do so in the long-run as we remain
committed to our three Environmental, Social, and Governance (ESG)
pillars of caring for our people, conserving the environment, and
creating stronger communities.”
CDP is a global non-profit that runs the global
disclosure system for investors, companies, cities, states, and
regions to manage their environmental impacts. The world’s economy
looks to CDP as the gold standard of environmental reporting with
the most comprehensive dataset on corporate and city action. Each
year, CDP takes the information supplied in its annual reporting
process and scores companies based on their journey through
disclosure and towards environmental leadership. Through their
independent scoring methodology, they measure corporate progress
and incentivize action on climate change, forests, and water
security. This year, CDP assessed over 9,600 companies around the
world.
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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