Gildan included as top performer on CDP Climate Change Report
Posted December 10, 2020
MONTREAL – Gildan Activewear Inc. announced that the company has been included as a top performer on CDP’s 2020 Climate Change Report.
Gildan received an A- for the second consecutive year, placing the company in CDP’s leadership band, and well above the apparel design sector average of C.
Companies scoring within the leadership category are recognized for their transparent and comprehensive disclosure of climate data, thorough awareness of climate risks, demonstration of strong governance and management of climate risks, and demonstration of market-leading practices.
More specifically, Gildan this year scored particularly high in areas related to governance, scope 1 & 2 emissions, value chain management, as well as business strategy and financial planning. In 2019, Gildan was able to decrease its GHG emissions intensity by 13% when compared to its 2015 baseline, effectively achieving and surpassing one of its key 2020 environmental goals early. Read more specifics on Gildan’s initiatives in its 2019 ESG report.
“As we complete our 2020 goals, we are incredibly proud to see that our commitment towards sustainability continues to be recognized by leading organizations like CDP for our progress towards corporate transparency and action against climate change,” said Claudia Sandoval, vice president of Corporate Citizenship at Gildan. “This inclusion demonstrates that Gildan is among the top 8% of companies worldwide reporting on climate change, making significant progress towards a more sustainable future. We are well positioned to continue to do so in the long run as we remain committed to our three Environmental, Social, and Governance (ESG) pillars of caring for our people, conserving the environment and creating stronger communities.”
CDP is a global nonprofit that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The world’s economy looks to CDP as the gold standard of environmental reporting with the most comprehensive dataset on corporate and city action. Each year, CDP takes the information supplied in its annual reporting process and scores companies based on their journey through disclosure and towards environmental leadership. Through their independent scoring methodology, they measure corporate progress and incentivize action on climate change, forests, and water security. This year, CDP assessed over 9,600 companies around the world.