Gildan has also been included for the third time in CDP’s Leadership Band in its 2022 Climate Change report. Gildan received the A- score for its environmental performance and the transparency of its environmental disclosures, according to a press release by the company.
Gildan Activewear Inc has been included in the Dow Jones Sustainability North America Index for its leading environmental, social, and governance practices for the tenth consecutive year and has received an A- from the Carbon Disclosure Project. In 2022, Gildan was the only apparel manufacturing company included in the North America Index.
“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, recognising 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.”
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.
Gildan’s inclusion in CDP’s Leadership Band reflects the company’s efforts in driving its climate strategy throughout the organisation. 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 greenhouse gas (GHG) emissions reduction targets, as well as its initial evaluation using the Task Force on Climate-Related Financial Disclosures (TCFD) framework with plans to become fully aligned by 2025.
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 per cent of the largest 600 North American companies in the S&P Global BMI based on long-term economic, environmental, and social criteria.
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 organisations disclosed data through CDP, including more than 18,700 companies’ worth half of global market capitalisation.
Fibre2Fashion News Desk (NB)