Gildan Activewear's Commitment to Sustainability Recognized Again
Gildan Activewear Inc. (GIL: TSX and NYSE) is thrilled to announce its inclusion in the Dow Jones Sustainability North America Index (DJSI North America). This significant recognition highlights Gildan's ongoing commitment to sustainability and marks the 12th consecutive year the company has earned a spot on this prestigious index.
Sustainability Leadership in the Industry
This year, Gildan has ranked impressively in the 98th percentile out of 189 companies in the Textiles, Apparel, and Luxury Goods sector. Notably, Gildan stands out as the only apparel manufacturer featured in the DJSI North America, underscoring its strong sustainability practices.
A Message from Leadership
Glenn Chamandy, President and CEO of Gildan, expressed pride in this achievement, stating, "Being included in the DJSI North America again reflects our commitment over the past two decades to sustainable business practices. Our Next Generation ESG strategy is a crucial component of our long-term vision, guiding Gildan towards a sustainable future that benefits our communities and the planet."
Understanding the Dow Jones Sustainability Indices
The Dow Jones Sustainability Indices are recognized benchmark standards for investors devoted to sustainable business practices, emphasizing their importance in long-term shareholder value generation. Companies are assessed using a best-in-class methodology based on their S&P Global Corporate Sustainability Assessment (CSA) scores.
Performance Metrics
Within the DJSI framework, only the top 20% of companies from the largest 600 North American firms in the S&P Global Broad Market Index qualify, making Gildan's inclusion an impressive feat that reflects its dedication to Environmental, Social, Governance, and Economic criteria.
Gildan's Diverse Product Offering
Gildan is a prominent manufacturer, providing customers with a wide range of everyday apparel, including activewear, underwear, and socks. Its products are marketed across North America, Europe, Asia Pacific, and Latin America, featuring a broad portfolio of brands such as Gildan, American Apparel, Comfort Colors, GOLDTOE, and Peds.
Global Manufacturing Commitment
With vertically integrated manufacturing facilities primarily located in Central America, the Caribbean, North America, and Bangladesh, Gildan operates under industry-leading labor, environmental, and governance practices. The company’s holistic ESG program is key to its long-term business strategies, enhancing its position as an industry leader.
Stay Informed About Gildan's Initiatives
For additional details about Gildan's ongoing commitment to environmental sustainability and community engagement, interested parties can visit Gildan's corporate website. The company's transparency and dedication to responsible business practices are pivotal in shaping its mission.
Frequently Asked Questions
What is Gildan Activewear known for?
Gildan Activewear is a leading manufacturer of basic apparel, offering products such as activewear, underwear, and socks globally.
How long has Gildan been included in the Dow Jones Sustainability Index?
Gildan has been included in the Dow Jones Sustainability Index for 12 consecutive years, demonstrating its commitment to sustainability.
What is the significance of the Dow Jones Sustainability Index?
The DJSI serves as a benchmark for investors, highlighting companies that lead in sustainable practices and corporate responsibility.
What are some of the brands under Gildan?
Gildan markets products under several brands, including Gildan, American Apparel, Comfort Colors, GOLDTOE, and Peds.
Where does Gildan manufacture its products?
Gildan operates manufacturing facilities primarily in Central America, the Caribbean, North America, and Bangladesh, adhering to strict labor and environmental standards.
