Gildan Named To 2021 Dow Jones Sustainability Index For Ninth Consecutive Year
Gildan Activewear, Inc. (PPAI 250187, S13) has been included on the 2021 Dow Jones Sustainability Index (DJSI), an environmental, social and governance (ESG) performance ranking for publicly-traded companies. This marks the Montreal, Quebec-based supplier’s ninth-consecutive year of inclusion since it first made the index in 2013.
The DJSI results, released on November 12, rank Gildan in the 95th percentile of all companies in the textiles, apparel and luxury goods industry, and also the only apparel manufacturer on the North American index. The DJSI North America index comprises North American sustainability leaders representing the top 20 percent of the largest 600 North American companies in the S&P Global BMI based on long-term economic, environmental and social criteria.
"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 practices," says 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 standardizing 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."
Manjit Jus, global head of ESG Research at S&P Global, says, “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.”
Created jointly by S&P Dow Jones Indices and Sustainable Asset Management, the Dow Jones Sustainability Index family is a 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.