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Gildan Publishes its 2024 ESG Report Highlighting Advancements towards its 2030 ESG Targets

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Gildan Activewear (GIL) has released its 21st ESG Report, showcasing significant progress in its sustainability initiatives. The company achieved a 25.2% reduction in water intensity at manufacturing facilities compared to 2018 baseline. Notable improvements include increasing sustainable cotton sourcing to 77.3% in 2024 from 35.7% in 2023, and doubling recycled polyester usage. The company secured ISO 45001 certification for two additional facilities. Gildan received multiple recognitions, including its 12th consecutive year on the Dow Jones Best-in-Class North America Index, inclusion in S&P Global's 2025 Sustainability Yearbook, and CDP's Leadership Band for climate change disclosure. The company, which employs approximately 50,000 people, maintains ESG as a key pillar of its Gildan Sustainable Growth strategy.
Gildan Activewear (GIL) ha pubblicato il suo 21° Rapporto ESG, evidenziando importanti progressi nelle sue iniziative di sostenibilità. L'azienda ha ottenuto una riduzione del 25,2% dell'intensità idrica negli stabilimenti produttivi rispetto al 2018. Tra i miglioramenti significativi vi sono l'aumento dell'approvvigionamento di cotone sostenibile al 77,3% nel 2024, rispetto al 35,7% del 2023, e il raddoppio dell'uso di poliestere riciclato. La società ha inoltre ottenuto la certificazione ISO 45001 per due ulteriori stabilimenti. Gildan ha ricevuto numerosi riconoscimenti, tra cui il 12° anno consecutivo nell'indice Dow Jones Best-in-Class Nord America, l'inclusione nell'Annuario della Sostenibilità 2025 di S&P Global e la fascia di Leadership del CDP per la divulgazione sul cambiamento climatico. Con circa 50.000 dipendenti, l'azienda considera l'ESG un pilastro fondamentale della sua strategia di Crescita Sostenibile Gildan.
Gildan Activewear (GIL) ha publicado su 21º Informe ESG, mostrando avances significativos en sus iniciativas de sostenibilidad. La compañía logró una reducción del 25,2% en la intensidad del agua en sus instalaciones de fabricación en comparación con la línea base de 2018. Entre las mejoras destacadas se incluyen el aumento de la adquisición de algodón sostenible al 77,3% en 2024 desde el 35,7% en 2023, y la duplicación del uso de poliéster reciclado. La empresa obtuvo la certificación ISO 45001 para dos instalaciones adicionales. Gildan recibió múltiples reconocimientos, incluyendo su 12º año consecutivo en el índice Dow Jones Best-in-Class Norteamérica, la inclusión en el Anuario de Sostenibilidad 2025 de S&P Global y la Banda de Liderazgo de CDP por la divulgación sobre cambio climático. La compañía, que emplea aproximadamente a 50,000 personas, mantiene el ESG como un pilar clave de su estrategia de Crecimiento Sostenible Gildan.
Gildan Activewear (GIL)은 21번째 ESG 보고서를 발표하며 지속 가능성 이니셔티브에서 상당한 진전을 보였습니다. 회사는 2018년 기준 대비 제조 시설의 물 사용 강도 25.2% 감소를 달성했습니다. 주목할 만한 개선 사항으로는 2023년 35.7%에서 2024년 77.3%로 지속 가능한 면화 조달 비율 증가와 재활용 폴리에스터 사용량 두 배 증가가 있습니다. 또한 두 개의 추가 시설에서 ISO 45001 인증을 획득했습니다. Gildan은 Dow Jones Best-in-Class 북미 지수에 12년 연속 선정되고, S&P 글로벌 2025 지속 가능성 연감에 포함되었으며, 기후 변화 공개 부문에서 CDP 리더십 밴드를 받는 등 여러 상을 수상했습니다. 약 5만 명을 고용하는 이 회사는 ESG를 Gildan 지속 가능한 성장 전략의 핵심 축으로 유지하고 있습니다.
Gildan Activewear (GIL) a publié son 21e rapport ESG, mettant en avant des progrès significatifs dans ses initiatives de durabilité. L'entreprise a réalisé une réduction de 25,2 % de l'intensité en eau dans ses sites de production par rapport à la référence de 2018. Parmi les améliorations notables, on compte l'augmentation de l'approvisionnement en coton durable à 77,3 % en 2024 contre 35,7 % en 2023, ainsi que le doublement de l'utilisation de polyester recyclé. La société a obtenu la certification ISO 45001 pour deux sites supplémentaires. Gildan a reçu plusieurs distinctions, dont sa 12e année consécutive dans l'indice Dow Jones Best-in-Class Amérique du Nord, son inclusion dans l'Annuaire de la durabilité 2025 de S&P Global et la bande de leadership du CDP pour la divulgation sur le changement climatique. Employant environ 50 000 personnes, l'entreprise considère l'ESG comme un pilier essentiel de sa stratégie de croissance durable Gildan.
Gildan Activewear (GIL) hat seinen 21. ESG-Bericht veröffentlicht und dabei bedeutende Fortschritte bei seinen Nachhaltigkeitsinitiativen vorgelegt. Das Unternehmen erzielte eine 25,2%ige Reduzierung der Wasserintensität in den Produktionsstätten im Vergleich zum Basisjahr 2018. Zu den bemerkenswerten Verbesserungen gehört die Steigerung der nachhaltigen Baumwollbeschaffung auf 77,3% im Jahr 2024 gegenüber 35,7% im Jahr 2023 sowie die Verdopplung des Einsatzes von recyceltem Polyester. Das Unternehmen erhielt die ISO 45001-Zertifizierung für zwei weitere Standorte. Gildan erhielt mehrere Auszeichnungen, darunter das 12. Jahr in Folge im Dow Jones Best-in-Class North America Index, die Aufnahme in das Nachhaltigkeitsjahrbuch 2025 von S&P Global und die CDP-Führungsgruppe für die Offenlegung zum Klimawandel. Mit etwa 50.000 Mitarbeitern betrachtet das Unternehmen ESG als einen zentralen Pfeiler seiner Gildan Sustainable Growth-Strategie.
Positive
  • Significant increase in sustainable cotton sourcing from 35.7% to 77.3% year-over-year
  • 25.2% reduction in water intensity at manufacturing facilities vs 2018 baseline
  • Two additional facilities achieved ISO 45001 certification
  • Doubled the percentage of recycled polyester usage from 2023 to 2024
Negative
  • None.

ESG Report 2024

MONTREAL, May 20, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) is pleased to announce the publication of its 21st Environmental, Social, and Governance (ESG) Report, outlining the Company’s continued progress against the ten targets of its Next Generation ESG strategy.

“Over the years, ESG, which is one of three pillars of our Gildan Sustainable Growth (GSG) strategy, has been foundational to support our low-cost manufacturing operations, unlocking innovative business solutions and our ability to meet changing customer and consumer needs,” says Glenn Chamandy, President and CEO of Gildan. “Just as importantly, it has also helped us to attract and retain an engaged, experienced, and highly skilled workforce, and maintain the trust and support of the communities in which we operate. Together with our ~50,000 employees, we are committed to continue making apparel with respect.”

In 2024, Gildan achieved notable advancements towards its Next Generation ESG targets as the Company:

  • Reduced water intensity at its operated manufacturing facilities by 25.2% per kilogram produced (compared to a 2018 baseline) by leveraging innovative technologies and proprietary processes
  • Increased the amount of sustainable1 cotton sourced from 35.7% in 2023 to 77.3% in 2024
  • Doubled the percentage of recycled polyester or alternative fibre and/or yarns sourced from 2023 to 2024
  • Achieved ISO 45001 certification in two additional facilities in 2024, bringing the total number of certified facilities to five

Gildan also continued to be recognized for its ESG practices. The Company was:

  • Included on the Dow Jones Best-in-Class North America Index (formerly the Dow Jones Sustainability™ North America Index), marking the Company’s 12th consecutive year of inclusion in this index
  • Included in the 2025 Sustainability Yearbook by S&P Global for the 13th consecutive year
  • Included in CDP’s Leadership Band in 2025 for our 2024 climate change disclosure – marking the fifth time that Gildan has achieved this recognition
  • Named in the inaugural edition of TIME’s World Most Sustainable Companies
  • Recognized as one of Canada’s Best 50 Corporate Citizens by Corporate Knights for the third consecutive year

The full 2024 ESG Report and supporting indices and documents can be found here. To further enhance transparency and streamline reporting, we have included information about the Company’s approach to key ESG topics on our corporate website.

1. We consider the following types of cotton to be sustainable: sustainable cotton provided through third-party verified programs that support environmental and/or social sustainability improvements and/or outcomes. Sustainable cotton from third-party verified programs includes, for example, verified U.S.-grown cotton (USCTP), Better Cotton (formerly BCI), organic cotton, recycled or regenerative cotton, and fair-trade cotton.

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®, and under an exclusive licensing agreement for the printwear channel for Champion®.

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
  

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0af981b7-7b4a-4578-9f26-42f0a05b20a2


FAQ

What are the key achievements in Gildan's (GIL) 2024 ESG Report?

Key achievements include 25.2% reduction in water intensity, increasing sustainable cotton sourcing to 77.3%, doubling recycled polyester usage, and obtaining ISO 45001 certification for two additional facilities.

How much did Gildan (GIL) improve its sustainable cotton sourcing in 2024?

Gildan increased its sustainable cotton sourcing from 35.7% in 2023 to 77.3% in 2024, representing a significant year-over-year improvement.

What sustainability awards and recognitions did Gildan (GIL) receive in 2024-2025?

Gildan was included in the Dow Jones Best-in-Class North America Index, S&P Global's 2025 Sustainability Yearbook, CDP's Leadership Band, TIME's World Most Sustainable Companies list, and Canada's Best 50 Corporate Citizens.

How many employees does Gildan (GIL) currently have in 2024?

Gildan employs approximately 50,000 people across its operations.
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