Gildan Ranked as One of 100 Most Sustainable Companies Globally
Author: Theresa Hegel
Gildan is one of the world’s 100 most sustainable corporations, according to a sustainable-economy media and research company. This is the second year in a row that the Montreal-headquared global manufacturer of apparel basics has appeared on Corporate Knights’ “Global 100” list. Gildan, which has put a strong focus on environmental, social and governance (ESG) initiatives, moved up its ranking from 79th in 2022 to 60th overall this year. It was the only apparel manufacturer to make the cut. “We are pleased to be recognized by Corporate Knights once more, demonstrating Gildan’s strong commitment to ESG,” said Glenn Chamandy, president and CEO of Gildan. “Our increased ranking reflects our dedication and hard work in developing and advancing our Next Generation ESG strategy over the past year, which includes increasing gender diversity, focusing on sustainable investments and employee safety, and linking executive compensation to ESG targets, amongst other initiatives.” Gildan, whose apparel sells extensively in the promotional products industry, has been making a conced push into sustainable initiatives recently. Corporate Knights’ ranking of the world’s 100 most sustainable corporations is based on a rigorous assessment of nearly 7,000 public companies with revenues of more than $1 billion. Their methodology assesses up to 25 quantitative key performance indicators, including sustainable revenue and investment, carbon productivity, and racial and gender diversity.