Gildan Raises Over CAN$150,000 for Centraide, Supporting Efforts To Build Equitable Communities in the Greater Montreal Region

Gildan Activewear has successfully raised over CAN$150,000 through a three-week internal campaign at its Canadian head office to support Centraide, an organization helping families overcome poverty, homelessness, and isolation in the Greater Montreal region.

Rhea-AI Summary

Gildan Activewear has successfully raised over CAN$150,000 through a three-week internal campaign at its Canadian head office to support Centraide, an organization helping families overcome poverty, homelessness, and isolation in the Greater Montreal region. The fundraising combines employee contributions, campaign activities, and company matching. The initiative aligns with Gildan's Next Generation ESG strategy goal of allocating 1% of pre-tax earnings to community investment by 2026.

The funds will support Montreal-based agencies that assist approximately 315,000 people living in poverty, addressing issues such as financial insecurity, family isolation, educational support, youth employment, and social exclusion.

Positive

• Progress toward ESG goal of 1% pre-tax earnings allocation to community investment by 2026

Negative

• None.

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NORTHAMPTON, MA / ACCESSWIRE / December 11, 2024 / Gildan Activewear

Each year, Gildan partners with Centraide, an organization aimed at supporting families in need, helping them overcome challenges such as poverty, homelessness, and isolation. This year, the Company organized a three-week-long internal campaign at its head office in Canada, encouraging employees to donate to Centraide and play their part in building stronger communities in the Greater Montreal region.

"I am very pleased with the formidable engagement we received from head office employees towards our fundraising efforts," says Jason DeHaan, Chief Information Officer at Gildan, and 2024 Centraide ambassador. "At Gildan, we are committed to creating meaningful and positive impacts in the communities of the regions where we operate. Greater Montreal is home to 60% of Quebecers, or 315,000 people, living in poverty, and through enthusiastic participation this year, our employees truly made a difference."

Combining direct contributions from employees, funds raised through exciting campaign activities, and a Company contribution, Gildan raised over CAN$150,000, which will be donated to a network of agencies around Montreal that connect with thousands of families and offer them aid to tackle financial insecurity, family isolation, educational support, youth employment, and social exclusion. The initiative is another important step towards the Company's Next Generation ESG strategy goal of gradually increasing spending to allocate 1% of pre-tax earnings towards community investment initiatives by 2026.

To learn more about Gildan's respect for communities, click here.

Gildan Raises Over $150,000 for Centraide

View additional multimedia and more ESG storytelling from Gildan Activewear on 3blmedia.com.

Contact Info:
Spokesperson: Gildan Activewear
Website: https://www.3blmedia.com/profiles/gildan-activewear
Email: info@3blmedia.com

SOURCE: Gildan Activewear

View the original press release on accesswire.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Gildan (GIL) raise for Centraide in their 2024 campaign?

Gildan raised over CAN$150,000 through their 2024 Centraide campaign, combining employee donations, fundraising activities, and company contributions.

What is Gildan's (GIL) community investment target for 2026?

Gildan aims to gradually increase spending to allocate 1% of pre-tax earnings towards community investment initiatives by 2026, as part of their Next Generation ESG strategy.

How many people in Greater Montreal will benefit from Gildan's (GIL) Centraide donation?

The donation will support agencies helping approximately 315,000 people living in poverty in Greater Montreal, representing 60% of Quebecers in poverty.

What social issues will Gildan's (GIL) Centraide donation address?

The donation will address financial insecurity, family isolation, educational support, youth employment, and social exclusion through Centraide's network of agencies.