Canada’s Gildan climbs up global 100 most sustainable corps list

Corporate Knights’ ranking of the world’s 100 most sustainable corporations is based on a rigorous assessment of nearly 7,000 public companies with revenues of over $1 billion. The assessment methodology assesses up to 25 quantitative key performance indicators including sustainable revenue and investment, carbon productivity, and racial and gender diversity, according to a press release by Gildan.

Canada-based Gildan Activewear Inc has announced that it has been included in Corporate Knights’ 2023 Global 100 list of the world’s most sustainable corporations for the second consecutive year. Gildan moved up its ranking from 79th last year to 60th overall this year, and was the only apparel manufacturing company included on the list globally.

“We are pleased to be recognised by Corporate Knights’ once more, demonstrating Gildan’s strong commitment to ESG,” said Glenn Chamandy, president and CEO of Gildan. “Our increased ranking reflects our dedication and hard work in developing and advancing our Next Generation ESG strategy over the past year which includes increasing gender diversity, focusing on sustainable investments, employee safety, and linking executive compensation to ESG targets, amongst other initiatives. Under this strategy, we are driving ESG further into our business and remain committed to the path ahead to ensure that our products are made with respect for our people, the environment, and our communities from start to finish.”

Last month, Gildan also announced the publication of its first stand-alone Climate Change Disclosure Report and its 10th consecutive inclusion on the Dow Jones Sustainability Index as well as its inclusion in CDP’s Leadership Band for its climate change disclosures in 2022.

Fibre2Fashion News Desk (NB)