Gildan Makes Dow Jones Sustainability Index & CDP Leadership Band
This marks Gildan’s 10th consecutive year in the DJSI and third in CDP’s Leadership Band
Gildan Activewear announces its inclusion in the Dow Jones Sustainability North America Index (DJSI) for its Environmental, Social, and Governance (ESG) practices. This marks Gildan’s 10th consecutive year of inclusion in the DJSI. Gildan also announces that, for the third time, the company has been included in CDP’s Leadership Band in its 2022 Climate Change report.
“Gildan’s continued inclusion in DJSI and CDP’s Leadership Band underscores and reinforces our strong commitment to operating sustainably, ethically, and transparently,” says 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. Having recently embarked on our Next Generation ESG strategy, we plan to continue to expand our positive ESG impacts even further.”
Dow Jones Sustainability Index
Gildan received 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 was the only apparel manufacturing company included in the North American index for this year. 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 Leadership Band
Gildan received an A- score for its environmental performance and the transparency of its environmental disclosures. The 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 the introduction of science-based GHG emissions reduction targets in addition to the 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 toward a zero-carbon, sustainable, resilient economy. Nearly 20,000 organizations disclosed data through CDP this year, including more than 18,700 companies worth half of the global market capitalization.
Results are available here.
