December 19, 2022
Gildan Earns Accolades for Sustainability Initiatives
The apparel supplier again was included on the Dow Jones Sustainability Index and CDP’s Leadership Band.
Gildan’s green efforts are getting noticed.
The global manufacturer of apparel basics, whose products sell extensively through suppliers in the promotional products industry, has earned a spot on the Dow Jones Sustainability North America Index (DJSI) for the 10th year in a row thanks to its strong work on environmental, social and governance practices.
In another eco achievement, Montreal-headquartered Gildan made the CDP’s Leadership Band in the nonprofit’s 2022 Climate Change Report, receiving a good A- score for environmental performance and transparency on environmental disclosures. It’s the third year in a row that Gildan placed on the Leadership Band. CDP operates a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
“Gildan’s continued inclusion in the DJSI and CDP’s Leadership Band underscores and reinforces our strong commitment to operating sustainably, ethically and transparently,” said President and CEO Glenn Chamandy.
The DJSI measures corporate ESG progress across industries, recognizing the top 20% sustainability performers among the 600 largest U.S. and Canadian companies. Gildan says it achieved an industry-best score within the textiles, apparel and luxury goods sector in the areas of governance, environmental reporting, social reporting and product stewardship.
Gildan placed on the CDP’s Leadership Band based on its 2021 ESG performance data, which included what the firm described as enhanced disclosures on climate risk management and board oversight on climate-related matters, the launch of its Next Generation ESG strategy and the introduction of science-based GHG emissions reduction targets, among other things.
“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,” said Chamandy. “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.”
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