Gildan Activewear Inc. has been included in the Dow Jones Sustainability World Index for the fourth consecutive year, the only North American company in the Textiles, Apparel and Luxury Goods industry group listed.
Gildan was also included for the first time in the DJSI North American Index.
Gildan said the ranking is an important recognition of its Genuine Responsibility program, encompassing the full spectrum of corporate social responsibility initiatives that touch all aspects of the company’s operations.
Gildan’s vertically integrated business model and ongoing manufacturing investments allow it to have visibility over the complete production process, positively influencing the social, environmental and economic impacts associated with each step, the Montreal-based company said.
“Being included on the DJSI World Index once again is a great source of pride for our employees, customers and partners worldwide and a validation that we are investing our energies in the right places to deliver sustainable value to all of our stakeholders,” said Glenn Chamandy, president and chief executive officer of Gildan. “As one of the largest apparel manufacturers in the world, we acknowledge the impacts of our operations and remain committed to leading the industry by ensuring that no detail is overlooked in producing our product in the most sustainable manner possible.”
The company recently published is 12th annual Genuine Responsibility report. One of the highlights of the 2015 update was its strong performance on its 2010-15 five-year goals. During that period, Gildan reduced greenhouse gas emissions intensity by 34 percent, reduced energy use and water per kilogram of production by 14 percent and 17 percent respectively, and recycled or repurposed 89 percent of its total waste.
Gildan also increased its reliance on renewable energy solutions and generated 51 percent of its energy needs through the use of biomass. Gildan remains committed to investing in new technologies and innovation to further drive continuous improvements in reducing the company’s energy, GHG emissions intensity, water and waste footprint.
The DJSWI comprises global sustainability leaders and represents the top 10 percent of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic, environmental and social criteria. It is a leading benchmark for identifying the organizational drivers that are most likely to contribute to long-term value creation for all stakeholders, and remains one of the world’s most credible sustainability ratings.
Gildan is a leading manufacturer and marketer of quality branded basic apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The company sells its products under a diversified portfolio of company-owned brands, including the Gildan, Gold Toe, Anvil, Comfort Colors, Alstyle, Secret, Silks, Kushyfoot, Secret Silky, Peds, MediPeds and Therapy Plus brands. Sock products are also distributed through the company’s exclusive U.S. sock license for the Under Armour brand, and a wide array of products is also marketed through a global license for the Mossy Oak brand.
Gildan owns and operates vertically integrated, large-scale manufacturing facilities primarily located in Central America, the Caribbean Basin, North America and Bangladesh.