Gildan Included in the Dow Jones Sustainability™ Index for the 12th Consecutive Year

Rhea-AI Summary

Gildan Activewear (GIL: TSX and NYSE) has achieved a significant milestone by being included in the Dow Jones Sustainability™ North America Index (DJSI North America) for the 12th consecutive year. The company demonstrated exceptional ESG performance, ranking in the 98th percentile among 189 companies in the Textiles, Apparel, and Luxury Goods industry, and stands as the only apparel manufacturing company in the index.

The DJSI North America represents the top 20% of the largest 600 North American companies in the S&P Global Broad Market Index, evaluating companies based on Environmental, Social, Governance & Economic criteria. Gildan's consistent inclusion reflects its two-decade commitment to sustainability, with its Next Generation ESG strategy integrated into the company's Sustainable Growth strategy.

MONTREAL, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) is pleased to share that it has been included in the Dow Jones Sustainability™ North America Index (DJSI North America)¹, one of the world’s leading ESG performance rankings for publicly traded companies. This marks the 12^th consecutive year the Company has been included in the Dow Jones Sustainability Index. The results highlight that Gildan continues to be a sustainability leader, ranking in the 98^th percentile of the Textiles, Apparel, and Luxury Goods industry² out of 189 companies assessed in this industry. Gildan was the only apparel manufacturing company included in the DJSI North America.

“We take pride in being included in the DJSI North America again this year. ESG is an integral part of Gildan’s long-term business strategy, and our continued inclusion in the DJSI reflects our two-decade long commitment to sustainability,” says Glenn Chamandy, President and CEO of Gildan. “With our Next Generation ESG strategy firmly rooted in the Gildan Sustainable Growth strategy, we are paving the path for an even more sustainable future for Gildan, our people, our communities, and the environment.”

The Dow Jones Sustainability Indices (DJSI) are a family of best-in-class benchmarks for investors who have recognized that sustainable business practices are critical to generating long-term shareholder value and who wish to reflect their sustainability convictions in their investment portfolios. The indices measure the performance of companies selected from an Invited Universe that satisfy Environment, Social, Governance & Economic criteria using a best-in-class approach. Constituents of the DJSI are determined using a company’s S&P Global Corporate Sustainability Assessment (CSA) score. The Dow Jones Sustainability North America Index represents the top 20% of the largest 600 North American companies in the S&P Global Broad Market Index that lead the field in terms of sustainability.

More information about Gildan’s ESG strategy can be found 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 diversified 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 Senior Vice-President, Head of Investor Relations and Global Communications (514) 744-8511 jhayem@gildan.com

Media inquiries: Genevieve Gosselin Director, Global Communications and Corporate Marketing (514) 343-8814 communications@gildan.com

¹ Index Inclusion Announced on December 23, 2024.
² CSA Score as of September 17, 2024.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1f9263c9-ad27-4971-b922-daa1b0285329

FAQ

What percentile did Gildan (GIL) rank in the 2025 Dow Jones Sustainability Index?

Gildan ranked in the 98th percentile of the Textiles, Apparel, and Luxury Goods industry, among 189 assessed companies.

How many consecutive years has Gildan (GIL) been included in the DJSI North America?

Gildan has been included in the Dow Jones Sustainability North America Index for 12 consecutive years.

Is Gildan (GIL) the only apparel manufacturer in the 2025 DJSI North America?

Yes, Gildan is the only apparel manufacturing company included in the DJSI North America.

What percentage of North American companies make it into the DJSI North America?

The DJSI North America represents the top 20% of the largest 600 North American companies in the S&P Global Broad Market Index.

How does Gildan's (GIL) ESG strategy align with its business growth?

Gildan's Next Generation ESG strategy is integrated into their Sustainable Growth strategy, demonstrating their commitment to sustainable business practices and long-term value creation.