Gildan Activewear
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  • Gildan Activewear (GIL) has published its 18th Environmental, Social, and Governance (ESG) Report
  • The report outlines the Company’s ESG commitments and performance results. It also provides details on Gildan’s Next Generation ESG strategy and future targets
  • Gildan designs and manufactures basic apparel, including T-shirts, underwear, socks, and hosiery
  • Gildan Activewear Inc. (GIL) is up 1.39 per cent, trading at C$37.24 per share at 1:20 pm ET

Gildan Activewear (GIL) has published its 18th Environmental, Social, and Governance (ESG) Report.

The report outlines the company’s ESG commitments and performance results. It also provides details on Gildan’s Next Generation ESG strategy and future targets.

Despite the global challenges, Gildan continued its leadership in responsible apparel manufacturing. It ended the year with strong ESG performance and further progress against its strategic initiatives.

Key highlights:

Environment:

In 2021, Gildan continued to make investments in systems, technologies, and initiatives towards reducing its carbon footprint and improving water efficiency.

Key environmental highlights in 2021 included the following:

  • 39 per cent of Gildan’s energy came from renewable sources
  • 18 per cent reduction in water intensity compared to 2018
  • 15 per cent decrease in total waste intensity compared to 2018
  • 68 per cent reduction in waste clippings compared to 2020

Social:

In 2021, the company continued to focus on ensuring fairness, inclusion, and opportunity in its labour practices – including across its supplier base – and on its community engagement work.

Key social highlights in 2021 included the following:

  • $15.1 million towards in-kind benefits for employees
  • The Health and Safety committees represented 98 per cent of Gildan workers
  • 78 per cent of respondents from Gildan’s 2021 employee engagement survey said they believed the Company was an inclusive workplace
  • Steadily increased female representation by 2 per cent per quarter at the senior management level
  • $2.1 million donated to community partners
  • $850 million total expenditures in materials and services with local suppliers

Governance:

Key governance highlights in 2021 included the following:

  • Nine out of ten of Gildan’s Board of Directors were independent
  • Two thirds of Gildan’s three Board level committees were chaired by women
  • The Board Diversity Policy was updated to reflect an expanded definition of diversity. The company committed to a target of achieving at least 30 per cent female representation on the Board at or prior to the 2023 shareholder meeting
  • Retained an independent advisory firm to review the Board’s processes and structure, composition and succession planning, and oversight of ESG matters

Recognition:

The following organizations recognized Gildan in 2021:

  • Named one of the “World’s 100 Most Sustainable Corporations” by Corporate Knights
  • Included on the Dow Jones Sustainability Index (DJSI) for the ninth consecutive year
  • Named one of the “Top 100 ESG Companies of 2021” by The Investor’s Business Daily
  • Received a “B” score on climate change and water security from CDP
  • Ranked sixth out of 250 brands on the 2021 Fashion Transparency Index

Gildan designs and manufactures basic apparel, including T-shirts, underwear, socks, and hosiery. Its brands include Gildan, American Apparel, Comfort Colors, and Gold Toe.

Gildan Activewear Inc. (GIL) is up 1.39 per cent, trading at C$37.24 per share at 1:20 pm ET.


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