Gildan Publishes its 17th Environmental, Social, and Governance (ESG) Report
August 30 2021 - 8:15AM
Gildan Activewear Inc. (GIL: TSX and NYSE) is pleased to share the
publication of its 17th Environmental, Social, and Governance (ESG)
report, available here. The 2020 ESG report showcases Gildan’s
approach and commitment to ESG, the Company’s 2020 performance
results, and key priorities towards continuing its vision of Making
Apparel Better®.
In 2020, the Company faced unprecedented
circumstances due to the impacts of the COVID-19 pandemic and two
back-to-back hurricanes in Central America. Still, despite these
challenging events, Gildan ended the year on a strong note,
demonstrating that operating and financial performance combined
with a focus on ESG creates value for all stakeholders.
“Last year, more than ever, we were able to witness
the strength and resiliency of our unique business model and the
importance of ESG,” said Glenn Chamandy, President and CEO of
Gildan. “While we are pleased with the success and recognition we
have achieved, there is still more work to be done and we are now
working on our “Next Generation” ESG strategy and a new set of
long-term goals, which we will announce later this year.”
In 2020, Gildan received some of the following
recognition from organizations worldwide for its ESG practices:
- Top 100 Most Sustainability Managed
Companies by The Wall Street Journal - ranked 32nd
- Dow Jones Sustainability Index -
8th consecutive inclusion
- CDP's Climate Change Report -
included in the Leadership Band with an A- score
- SAM Sustainability Yearbook - 8th
consecutive inclusion
- FUNDAHRSE CSR Seal -13th
consecutive inclusion
- Fashion Transparency Index - top 25
brand
Gildan’s 2020 ESG report is available here and 2020
highlights from the report can be found below:
Environment:
For over 16 years, Gildan has measured, monitored,
optimized, and reported its environmental results aimed at lowering
its impact on the planet. In 2020, Gildan completed its second set
of 5-year environmental targets, and while the Company was not able
to meet all its goals as it diverted attention and resources to
navigating through the pandemic, responding to the aftermath of the
hurricanes, and putting its people first, Gildan was still able to
make some important progress.
Key 2020 environment highlights include the
following:
- 33% of Gildan’s
total energy came from renewable sources
- 88% of Gildan’s
total waste was recycled or repurposed
- 11.4% reduction in
water intensity achieved from 2015 to 2020
- 14% decrease in
Gildan’s total waste from 2015 to 2020
Social:
Gildan takes its responsibility of being an ethical
manufacturer seriously. One of the Company’s longstanding
priorities has been to enforce and protect the fair treatment of
the people who manufacture products throughout its supply chain. In
2020, Gildan achieved the vast majority of its social goals and
maintained industry-leading working conditions and labour practices
by creating safe and healthy workplaces, respecting human and
labour rights and employees’ freedom of association, empowering
women, and offering competitive benefits.
Key 2020 social highlights include the
following:
- Gildan mobilized a team of experts
to develop and implement stringent biosecurity
protocols in its facilities to protect employees during
COVID-19
- Humanitarian aid
and a disaster relief program were activated to
support employees and local communities affected by hurricanes Eta
and Iota
- Employee wages in
100% of Gildan-owned manufacturing facilities were
evaluated based on the FLA data-collection tool
- 53% of employees
were covered by a collective bargaining agreement
- 97% of employees
were represented by formal health and safety committees
- 207,000 hours of
employee training were dedicated to occupational health and safety
(OHS)
- $1.3M was donated
to community projects in regions where Gildan operates
Governance:
Gildan considers strong and transparent governance
practices to be an essential factor in the organization’s overall
success, and Gildan is committed to adopting and adhering to the
highest standards in governance to foster a culture of integrity,
accountability, and transparency throughout the organization. Since
2008, Gildan has disclosed its ESG performance according to the
Global Reporting Initiative (GRI) Standards (Comprehensive), and
for the first time in 2020, Gildan disclosed its data aligned with
the Sustainable Accounting Standards Board (SASB) standards.
Finally, Gildan completed its first climate change disclosure in
2020 in support of the Financial Stability Board's Task Force on
Climate-Related Financial Disclosures (TCFD) framework.
Key 2020 governance highlights include the
following:
- 9 out of 10 of
Gildan’s Board of Directors were independent
- 40% of Gildan’s
Board of Directors identified as being a member of a “designated
group” as defined by the Canadian Employment Equity Act, with
three Directors identified as being women and
one identified as a member of a visible minority
group
- Two thirds of
Gildan’s three Board level committees are chaired by women.
About GildanGildan 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 Communications(514) 343-8815sargiriou@gildan.com |
Media inquiries:Genevieve GosselinDirector,
Corporate Marketing and Communications(514)
343-8814ggosselin@gildan.com |
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