Canada's Gildan on Dow Jones Sustainability Index for 9th time

The results highlight that Gildan continues to be a leader ranking in the 95^th percentile of all companies in the textiles, apparel and luxury goods industry, and the only apparel manufacturer on the North American index. The DJSI North America index comprises North American sustainability leaders representing the top 20 per cent of the largest 600 North American companies in the S&P Global BMI based on long-term economic, environmental and social criteria, the company said in a media release.

"We are pleased to be included on the DJSI for North America once more, with scores that continue to reflect Gildan's distinct commitment to strong Environmental, Social, and Governance (ESG) practices," said Glenn Chamandy, president and CEO of Gildan. "Our ninth consecutive inclusion in the index is the result of more than 20 years dedicated to developing, integrating, and standardising ethical and sustainable practices throughout our supply chain. This, in combination with our unique vertically-integrated business model, which provides us with complete control over our operations, has allowed Gildan to be a leader in responsible apparel manufacturing,"

"As we look to the future, we are eager to continue our ESG journey and deepen our sustainability practices with our Next Generation ESG strategy and targets which will be announced early in the new year,” added Chamandy.

"We congratulate Gildan for being included in the Dow Jones Sustainability Index for North America. A DJSI distinction is a reflection of being a sustainability leader in your industry. The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is a testament to the growing movement for ESG disclosure and transparency," said Manjit Jus, global head of ESG Research, S&P Global.

Created jointly by S&P Dow Jones Indices and SAM, the Dow Jones Sustainability Index family is a best-in-class benchmark for evaluating sustainable business practices. The DJSI Index applies a transparent, rules-based component selection process based on the companies' Total Sustainability Scores resulting from the annual S&P Global Corporate Sustainability Assessment (CSA). Only the top-ranked companies within each industry are selected for inclusion in the Dow Jones Sustainability Index family. This year, more than 10,000 publicly traded companies were invited to participate in the S&P Global CSA.

Fibre2Fashion News Desk (KD)