Gildan Recognized on Corporate Knights’ Best 50 Corporate Citizens and TIME’s World’s Most Sustainable Companies

Rhea-AI Summary

Gildan Activewear (GIL: TSX, NYSE) has been named one of the Best 50 Corporate Citizens in Canada by Corporate Knights for the third consecutive year. Gildan is the only company in its sector to make the list. Additionally, Gildan has been included in TIME's inaugural World’s Most Sustainable Companies for 2024, one of only 12 Canadian companies featured.

Corporate Knights' list assesses Canadian corporations with revenues over CAD $1 billion on up to 25 performance indicators, including carbon emissions and social equity. TIME's list evaluates over 5,000 global companies on more than 20 data points, including ESG rankings, emissions, energy intensity, and gender diversity in leadership.

CEO Glenn Chamandy emphasized these awards as confirmation of Gildan's commitment to ESG and sustainability, which are core to their growth strategy.

Positive

• Gildan recognized as one of the Best 50 Corporate Citizens in Canada for the third consecutive year.
• Inclusion in TIME’s World’s Most Sustainable Companies for 2024.
• Gildan is the only company in the Textiles & Clothing Manufacturing peer group included in Corporate Knights’ list.
• One of only 12 Canadian companies featured in TIME’s global sustainability list.
• Positive reinforcement of Gildan's commitment to ESG and sustainability.

Negative

• None.

MONTREAL, June 28, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) is pleased to share that it has been recognized as one of the Best 50 Corporate Citizens in Canada by Corporate Knights for the third consecutive year. Gildan is the only company in the Textiles & Clothing Manufacturing peer group to be included. In addition, Gildan has been included in the inaugural edition of TIME’s World Most Sustainable Companies, and is one of only 12 Canadian companies featured on this global list.

“We are proud to be included in the rankings of these reputable organizations, especially as we celebrate 20 years of sustainability reporting this summer,” says Glenn Chamandy, President and CEO of Gildan. “These recognitions are a testament to our steadfast commitment to ESG, which represents one of the three pillars of our Gildan Sustainable Growth strategy and which is focused on our efforts towards creating a more sustainable future.”

Corporate Knights’ ranking of the Best 50 Corporate Citizens in Canada is based on their assessment of all Canadian publicly traded, privately owned and Crown corporations with gross annual revenues over CAD $1 billion. Each corporation is evaluated on a set of up to 25 key performance indicators such as carbon emissions and aspirations for greater social equity.

TIME’s inaugural edition of the World’s Most Sustainable Companies 2024 identifies the top 500 companies from over 5,000 of the world’s largest and most influential companies, assessed on over 20 key data points. Performance is measured against ESG rankings such as (but not limited to): CDP, SBTi, S&P Global Sustainability Yearbook, the level of sustainability reporting alignment with GRI, SASB, and TCFD, in addition to KPIs such as emissions and energy intensity, health and safety, gender diversity in leadership, and gender pay equity.

Corporate Knights’ full ranking is available here.

TIME’s full ranking is available here.

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 strong portfolio of Company-owned brands including Gildan^®, American Apparel^®, Comfort Colors^®, GOLDTOE^®, and Peds^®.

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 communications@gildan.com

FAQ

What recent recognitions has Gildan Activewear (GIL) received?

Gildan has been named one of the Best 50 Corporate Citizens in Canada by Corporate Knights and included in TIME’s World’s Most Sustainable Companies for 2024.

How many times has Gildan (GIL) been recognized as one of the Best 50 Corporate Citizens in Canada?

Gildan has been recognized for the third consecutive year.

What makes Gildan (GIL) stand out in its industry according to the recent recognitions?

Gildan is the only company in the Textiles & Clothing Manufacturing peer group included in Corporate Knights’ Best 50 Corporate Citizens in Canada list.

How does TIME’s World’s Most Sustainable Companies list evaluate candidates?

TIME evaluates over 5,000 companies on more than 20 data points, including ESG rankings, emissions, energy intensity, and gender diversity in leadership.

What is the significance of Gildan’s (GIL) inclusion in TIME’s World’s Most Sustainable Companies?

Gildan is one of only 12 Canadian companies featured, highlighting its global leadership in sustainability.