Gildan Included on the Dow Jones Sustainability(TM) Index for the 11th Consecutive Year

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Gildan Activewear Inc. (TSX:GIL) and (NYSE:GIL) has been included on the Dow Jones Sustainability North America Index (DJSI North America) for the 11th consecutive year, achieving the fifth highest Corporate Sustainability Assessment score in the Textiles, Apparel, and Luxury Goods Industry, placing the Company in the 98th percentile within its sector. Gildan's commitment to sustainability and its Next Generation ESG strategy reflect its dedication to creating long-term value for stakeholders and contributing to the well-being of the planet.

MONTREAL, QC / ACCESSWIRE / December 21, 2023 / Gildan Activewear Inc. (TSX:GIL) and (NYSE:GIL) ("Gildan" or "the Company") is pleased to share that it has been included on the Dow Jones Sustainability™ North America Index (DJSI North America) ^[1] for its ongoing efforts towards ESG initiatives. This marks the 11^th consecutive year the Company has been included on the Dow Jones Sustainability Index (DJSI).

Gildan achieved the fifth highest Corporate Sustainability Assessment score in the Textiles, Apparel, and Luxury Goods Industry, placing the Company in the 98^th percentile within its sector ^[2]. This year, 190 companies were assessed in the Textiles, Apparel, and Luxury Goods Industry.

"Gildan's continued inclusion on the DJSI underscores our commitment to sustainability and highlights the ongoing efforts of our employees across our business," says Peter Iliopoulos, Senior Vice-President of Taxation, Sustainability, and Governmental Affairs at Gildan. "This recognition reflects our commitment to our Next Generation ESG strategy, which aims to create long-term value for our stakeholders and contribute to the well-being of our planet."

The DJSI follows a best-in-class approach, surveying companies from each industry and identifying sustainability leaders through the Corporate Sustainability Assessment. It represents the top 20% of the largest 600 North American companies in the S&P Global Broad Market Index based on long-term economic, environmental, and social criteria.

More information on Gildan's ESG approach can be found here.

[1] Index inclusion announced on December 8, 2023.

[2] CSA Score as of October 26, 2023.

About Gildan 

Gildan is a leading manufacturer of everyday basic apparel. The Company's product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms, and to global lifestyle brand companies. The Company markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan^®, American Apparel^®, Comfort Colors^®, GOLDTOE^®, Peds^®, in addition to the Under Armour^® brand through a sock licensing agreement providing exclusive distribution rights in the United States and Canada.

Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental, and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company's long-term business strategy. More information about the Company and its ESG practices and initiatives can be found at www.gildancorp.com.

Investor inquiries: 

Jessy Hayem, CFA
Vice-President, Head of Investor Relations 
(514) 744-8511
jhayem@gildan.com  

Media inquiries: 

Genevieve Gosselin 
Director, Global Communications and Corporate Marketing 
(514) 343-8814 
ggosselin@gildan.com 

Gildan Included on the Dow Jones Sustainability™ Index for the 11th Consecutive Year

View additional multimedia and more ESG storytelling from Gildan Activewear on 3blmedia.com.

Contact Info:
Spokesperson: Gildan Activewear
Website: https://www.3blmedia.com/profiles/gildan-activewear
Email: info@3blmedia.com

SOURCE: Gildan Activewear

View the original press release on accesswire.com

FAQ

What is the latest achievement of Gildan Activewear Inc. (GIL)?

Gildan has been included on the Dow Jones Sustainability North America Index (DJSI North America) for the 11th consecutive year, achieving the fifth highest Corporate Sustainability Assessment score in the Textiles, Apparel, and Luxury Goods Industry.

What is the significance of Gildan's inclusion on the DJSI North America?

Gildan's inclusion on the DJSI North America reflects its commitment to sustainability and highlights its ongoing efforts towards ESG initiatives.

Who commented on Gildan's inclusion on the DJSI North America?

Peter Iliopoulos, Senior Vice-President of Taxation, Sustainability, and Governmental Affairs at Gildan, commented on the company's inclusion on the DJSI North America.

What is the aim of Gildan's Next Generation ESG strategy?

Gildan's Next Generation ESG strategy aims to create long-term value for stakeholders and contribute to the well-being of the planet.

How is the Dow Jones Sustainability Index (DJSI) determined?

The DJSI follows a best-in-class approach, surveying companies from each industry and identifying sustainability leaders through the Corporate Sustainability Assessment.

What is the significance of Gildan's Corporate Sustainability Assessment score?

Gildan achieved the fifth highest Corporate Sustainability Assessment score in the Textiles, Apparel, and Luxury Goods Industry, placing the Company in the 98th percentile within its sector.

How many companies were assessed in the Textiles, Apparel, and Luxury Goods Industry this year?

This year, 190 companies were assessed in the Textiles, Apparel, and Luxury Goods Industry.

When was Gildan's index inclusion announced?

Gildan's index inclusion was announced on December 8, 2023.

What is Gildan's CSA Score as of October 26, 2023?

Gildan's CSA Score as of October 26, 2023, was the fifth highest in the Textiles, Apparel, and Luxury Goods Industry, placing the Company in the 98th percentile within its sector.