Gildan's 2024 ESG Report Shows Promising Sustainability Progress
Gildan Activewear's Commitment to Sustainable Practices
Gildan Activewear Inc. (GIL: TSX and NYSE) continues to solidify its reputation as a leader in sustainability with the recent publication of its 2024 Environmental, Social, and Governance (ESG) Report. This marks a significant milestone as Gildan outlines its achievements aimed at meeting the ambitious goals set for 2030 through its Next Generation ESG strategy.
Key Highlights from the 2024 ESG Report
In its latest report, Gildan proudly showcases the tangible progress it has made towards its sustainability targets. The company emphasizes the importance of ESG in driving its manufacturing operations and overall business strategy, highlighting a focus on creating positive impacts within the communities it serves.
“Our commitment to ESG has been pivotal in not only advancing our manufacturing capabilities but also in engaging our dedicated workforce,” stated Glenn Chamandy, President and CEO of Gildan. “With nearly 50,000 employees, we strive to create apparel that respects both people and the planet.”
Significant Achievements in Sustainability
In 2024, Gildan achieved remarkable accomplishments as part of its sustainability mission, including:
- A reduction of water intensity at manufacturing facilities by 25.2% per kilogram of product produced, utilizing innovative technologies.
- Increasing the sourcing of sustainable cotton from 35.7% in the previous year to an impressive 77.3% in 2024.
- Doubled the amount of recycled polyester and alternative fibers used in production.
- Obtained ISO 45001 certification in two additional facilities, enhancing its reputation for safety and quality in the workplace.
Recognition and Awards in Sustainability
Gildan's efforts have not gone unnoticed. The company has received various accolades for its commitment to ESG practices, reaffirming its status as an industry leader:
- Made the Dow Jones Best-in-Class North America Index for the twelfth consecutive year.
- Featured in the 2025 Sustainability Yearbook by S&P Global for the thirteenth consecutive year.
- Achieved a spot in CDP’s Leadership Band for climate change disclosure in recognition of its transparency.
- Included in TIME’s inaugural edition of the World’s Most Sustainable Companies.
- Ranked among Canada’s Best 50 Corporate Citizens by Corporate Knights for three consecutive years.
Transparency and Continuous Improvement
Gildan is committed to enhancing transparency through continuous improvement in ESG reporting. The company’s dedication to addressing key ESG issues can be further explored on its corporate website, where they provide insights and updates on their initiatives.
About Gildan
Gildan is recognized globally as a leading manufacturer of everyday basic apparel, offering a diverse range of products including activewear, underwear, and socks. Its products are marketed under several well-known brands such as Gildan®, American Apparel®, Comfort Colors®, and Champion®, supporting a variety of retail and wholesale partners.
The company operates large-scale, vertically integrated manufacturing facilities located around the world, primarily in Central America, the Caribbean, North America, and Bangladesh. Gildan is dedicated to implementing industry-leading environmental and labor practices throughout its supply chain, in line with its ESG objectives and long-term business strategy.
Contact Information for Inquiries
For investor inquiries, reach out to Jessy Hayem, CFA, Senior Vice-President, Head of Investor Relations and Global Communications at (514) 744-8511 or via email at jhayem@gildan.com.
For media inquiries, contact Genevieve Gosselin, Director of Global Communications and Corporate Marketing at (514) 343-8814 or email her at communications@gildan.com.
Frequently Asked Questions
What is the purpose of Gildan's 2024 ESG Report?
The report outlines Gildan's progress towards its environmental and social goals, showcasing its commitment to sustainable practices.
What key achievements did Gildan reach in 2024?
Gildan reduced water intensity, increased sustainable cotton sourcing, and achieved ISO certification for additional facilities.
How does Gildan define sustainable cotton?
Sustainable cotton is sourced through verified programs that endorse environmental and social sustainability advancements.
What recognition has Gildan received for its sustainability efforts?
Gildan has been included in notable sustainability indices and rankings, highlighting its industry leadership in ESG practices.
Where can I find more information about Gildan’s ESG initiatives?
Additional details can be found on Gildan's corporate website, where they share insights on their sustainability approach and performance.
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