Gildan Recognized for Sustainability
Gildan has been included in CDP’s Leadership Band and in S&P Global’s Sustainability Yearbook.
Gildan Activewear has announced that it has been included in CDP’s leadership band for its 2023 climate change disclosures for the fourth time. In addition, Gildan was also included in the Sustainability Yearbook 2024 by S&P Global for the 12th consecutive year, based on S&P Global’s Corporate Sustainability Assessment (CSA) in 2023.
“Gildan’s inclusions in CDP’s Leadership band and the S&P Global’s Sustainability Yearbook highlight the company’s strong commitment to sustainable practices,” said Vince Tyra, president and CEO of Gildan. “I am impressed by the breadth and depth of the company’s ESG efforts and proud that Gildan continues to be recognized by these important organizations for our ongoing efforts to make apparel with respect.”
“These recognitions are the result of the extensive work to drive our Next Generation ESG strategy across our entire operations,” said Peter Iliopoulos, senior vice president of taxation, sustainability, and governmental affairs at Gildan. “I am proud of the dedication and commitment of our people around the world who are further integrating ESG across our business operations, as one of the key drivers of Gildan’s success.”
CDP’s 2023 Climate Change Disclosure
Gildan received an A- for its climate change disclosure in 2023, placing the company in CDP’s leadership band and above the apparel design sector average of B. Gildan is among the 30% of organizations included in the group that reached the leadership level.1 Specifically, Gildan was a top performer on its Scope 1 and 2 GHG emission performance, risk management processes, risk and opportunity disclosures, and emission reduction initiatives.
CDP is a global non-profit charity that runs the global environmental disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. Over 23,000 organizations around the world disclosed data through CDP in 2023.
Click here to explore the scores.
S&P Global’s Sustainability Yearbook
Gildan was included by S&P Global as a Sustainability Yearbook member based on its 2023 CSA score. The company was one of six companies in the textiles, apparel, and luxury goods industry sector included this year, and the only North American company recognized in this industry sector.
The yearbook is a comprehensive report distinguishing some of the world’s leading companies for their demonstrated sustainability initiatives and practices. Inclusion in the yearbook is based on the S&P Global 2023 CSA scores, which uses a rigorous methodology to determine companies’ sustainability performance.
To be listed, an organization must score within the top 15% of their industry and must achieve a CSA score within 30% of their industry’s top performers. As of Dec. 22, 2023, only 8% of companies made the CSA yearbook, out of the 9,400 companies considered for inclusion.
Click here to explore the scores.
1. Specific to climate change.
