Gildan Activewear Inc., Montreal, recently released its 17th Environmental, Social and Governance (ESG) report.
The 2020 ESG report showcases Gildan’s approach and commitment to ESG, the company’s 2020 performance results, and key priorities towards continuing its vision of “Making Apparel Better” initiative.
In 2020, Gildan faced unprecedented circumstances due to the impacts of the COVID-19 pandemic, two back-to-back hurricanes in Central America but ended the year on a strong note, demonstrating that operating and financial performance combined with a focus on ESG creates value for all stakeholders, according to the company.
“Last year, more than ever, we were able to witness the strength and resiliency of our unique business model and the importance of ESG,” says Glenn Chamandy, president, CEO of Gildan. “While we are pleased with the success and recognition we have achieved, there is still more work to be done and we are now working on our “Next Generation” ESG strategy and a new set of long-term goals, which we will announce later this year.”
2020 highlights from the report include Gildan’s completion of its second set of 5-year environmental targets and mobilizing a team of experts to develop and implement stringent biosecurity protocols in its facilities to protect employees during COVID-19. The company also disclosed its data aligned with the Sustainable Accounting Standards Board (SASB) standards. Finally, Gildan completed its first climate change disclosure in 2020 in support of the Financial Stability Board’s Task Force on Climate-Related Financial Disclosures (TCFD) framework.
For more information and to read Gildan’s 2020 ESG report, click here. — D.S.
