Gildan Included on the Dow Jones Sustainability™ Index (DJSI) and CDP’s Leadership Band in their 2022 Climate Change Report
December 15 2022 - 12:00PM
Gildan Activewear Inc. (GIL: TSX and NYSE) is pleased to announce
that it has been included in the Dow Jones Sustainability™ North
America Index for its leading ESG practices. This marks Gildan’s
10th consecutive year of inclusion in the DJSI. In 2022, Gildan was
the only apparel manufacturing company included in the North
America Index.
Gildan is also pleased to announce that for the
third time it has been included in CDP’s Leadership Band in their
2022 Climate Change report. Gildan received an A- score for its
environmental performance and the transparency of its environmental
disclosures.
“Gildan’s continued inclusion in DJSI and CDP’s
Leadership Band underscores and reinforces our strong commitment to
operating sustainably, ethically, and transparently” said Glenn
Chamandy, President and CEO of Gildan. “For more than two decades,
we have been raising the bar when it comes to our ESG initiatives,
recognizing the importance of ESG as an integral part of our
business strategy and an important element to our success. This
mindset, combined with our vertically integrated business model and
our strong, talented workforce, have allowed us to position Gildan
as a leading company for ESG practices. Having recently embarked on
our Next Generation ESG strategy, we plan to continue to expand our
positive ESG impacts even further.”
DJSI – Maintaining sustainability
leadership in North America
Gildan achieved an industry best score within
the Textiles, Apparel, and Luxury Goods sector in the areas of
corporate governance, environmental reporting, social reporting,
and product stewardship.
The DJSI follows a best-in-class approach,
surveying sustainability leaders from each industry. The DJSI North
American sustainability leaders, as identified by S&P Global
through the Corporate Sustainability Assessment (CSA), represent
the top 20% of the largest 600 North American companies in the
S&P Global BMI based on long-term economic, environmental, and
social criteria.
Results are available here.
CDP – Leading the way in corporate
transparency and action against climate change
Gildan’s inclusion in CDP’s Leadership Band
reflects the Company’s efforts in driving its climate strategy
throughout the organization. Gildan’s score was based on 2021 ESG
performance data, which includes enhanced disclosures on climate
risk management and board oversight on climate-related matters, the
launch of its Next Generation ESG strategy and introduction of
science-based GHG emissions reduction targets, as well as its
initial evaluation using the TCFD framework with plans to become
fully aligned by 2025.
CDP is a global non-profit that runs the world’s
environmental disclosure system. CDP scores are widely used to
drive investment and procurement decisions towards a zero carbon,
sustainable, and resilient economy. In 2022, nearly 20,000
organizations disclosed data through CDP, including more than
18,700 companies' worth half of global market capitalization.
Results are 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 strong portfolio of Company-owned brands, including
Gildan®, American Apparel®, Comfort Colors®, GOLDTOE®, Peds®, and
under the Under Armour® brand through a sock licensing agreement
providing exclusive distribution rights in the United States and
Canada. The Company’s product offerings include 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.
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
Environmental, Social, and Governance (ESG) practices throughout
its supply chain in accordance with its comprehensive ESG program
embedded in the Company's long-term business strategy. More
information about the Company and its ESG practices and initiatives
can be found at www.gildancorp.com.
Investor inquiries: Sophie Argiriou Vice
President, Investor Communications (514)
343-8815 sargiriou@gildan.com |
Media inquiries: Genevieve
Gosselin Director, Global Communications and Corporate
Marketing(514) 343-8814 ggosselin@gildan.com |
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