Gildan Publishes its 2024 ESG Report Highlighting Advancements towards its 2030 ESG Targets
'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 GosselinDirector, Global Communications and Corporate Marketing(514) 343-8814communications@gildan.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0af981b7-7b4a-4578-9f26-42f0a05b20a2
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Pure Storage (PSTG) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Pure Storage (PSTG) closed at $55.53 in the latest trading session, marking a -2.95% move from the prior day. This change lagged the S&P 500's daily loss of 0.24%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.67%. Heading into today, shares of the data storage company had gained 2.54% over the past month, outpacing the Computer and Technology sector's gain of 2.07% and the S&P 500's gain of 1.95%. Investors will be eagerly watching for the performance of Pure Storage in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 27, 2025. The company is predicted to post an EPS of $0.4, indicating a 9.09% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $845.76 million, up 10.74% from the prior-year quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.82 per share and revenue of $3.52 billion. These totals would mark changes of +7.69% and +11.01%, respectively, from last year. It's also important for investors to be aware of any recent modifications to analyst estimates for Pure Storage. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Pure Storage boasts a Zacks Rank of #3 (Hold). In terms of valuation, Pure Storage is presently being traded at a Forward P/E ratio of 31.47. This indicates a premium in contrast to its industry's Forward P/E of 14.11. Meanwhile, PSTG's PEG ratio is currently 1.69. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. PSTG's industry had an average PEG ratio of 1.69 as of yesterday's close. The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 27, finds itself in the top 11% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pure Storage, Inc. (PSTG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 hours ago
- Business Wire
Corpay Cross-Border 成為 New Zealand Football 官方外匯合作夥伴
多倫多--(BUSINESS WIRE)--(美國商業資訊)-- Corpay, Inc.* (紐約證券交易所代碼：CPAY) 作為全球企業支付領域的領導者，欣然宣佈旗下 Corpay Cross-Border 業務已與 New Zealand Football 簽署協議，成為其官方外匯合作（FX）夥伴。 透過這項合作，New Zealand Football 將能運用 Corpay Cross-Border 的創新解決方案，協助降低日常營運中的外匯風險。此外，Corpay Cross-Border 屢獲殊榮的平台，亦將使其能夠透過單一入口管理全球支付。 「Corpay Cross-Border 謹此恭賀 New Zealand Football 及 All Whites 成功取得 2026 FIFA 世界盃的參賽資格。」Corpay Cross-Border Solutions 首席市場營銷官 Brad Loder 表示，「我們高度重視 Corpay 品牌的發展，以及在紐西蘭的企業支付及外匯風險管理業務。作為官方外匯合作夥伴，我們期待與 New Zealand Football 攜手備戰世界盃，並建立長期合作關係。」 「隨着我們機構的發展與成熟，需要持續檢視國際營運的方式。此次與大型金融機構的合作，顯示我們已經站在全球化的思維層面。」New Zealand Football 行政總裁 Andrew Pragnell 表示，「能夠在紐西蘭足球運動蓬勃發展的時刻與 Corpay 合作，實在令人振奮，因為這項運動正在紐西蘭的各個層面持續壯大。」 關於Corpay Corpay, Inc. (NYSE: CPAY)是一家全球性標準普爾500指數企業支付公司，致力於協助企業和消費者以簡單、可控的方式支付費用。Corpay的現代支付解決方案套件協助其客戶更好地管理與車輛相關的費用（如加油和停車）、旅行費用（如酒店預訂）和應付帳款（如向供應商付款），從而讓我們的客戶能夠節省時間並最終減少支出。Corpay Cross-Border是指由Corpay, Inc.擁有和經營的一組法律實體。 Corpay——讓付款變得簡單。如欲瞭解更多資訊，請造訪： 。 *本文中的「Corpay」主要指Corpay, Inc.的跨境業務部門： ；查看Corpay跨境業務部門旗下公司的完整列表，請造訪： 。 免責聲明：本公告之原文版本乃官方授權版本。譯文僅供方便瞭解之用，煩請參照原文，原文版本乃唯一具法律效力之版本。
Yahoo
2 hours ago
- Yahoo
BHP Group Ltd (BHP) (FY 2025) Earnings Call Highlights: Record Production and Strategic ...
This article first appeared on GuruFocus. Release Date: August 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points BHP Group Ltd (NYSE:BHP) achieved record iron ore and copper production, with copper volumes growing by 28% over the past three years. The company delivered a strong financial performance with an underlying EBITDA margin of 53% and a return on capital employed of 21%. BHP Group Ltd (NYSE:BHP) paid a final dividend of 60 US cents per share, resulting in a full-year dividend of $5.6 billion. The company achieved gender balance in its global workforce, with female representation now at 41.3%, contributing to better business performance. BHP Group Ltd (NYSE:BHP) has reduced its capital spend by $1 billion per year over the medium term and revised its target net debt range to $10 to $20 billion. Negative Points The company experienced a 10% decline in EBITDA due to unfavorable commodity prices, despite favorable foreign exchange rates. BHP Group Ltd (NYSE:BHP) encountered higher inflation and cost escalation than anticipated, particularly affecting the Jansen project. The pace of development for decarbonization technology has slowed, delaying anticipated operational decarbonization spend to the 2030s. Higher labor costs over and above CPI inflation impacted the company's financial performance. The transition to closure for New South Wales Energy Coal is progressing, indicating a phase-out of operations in that segment. Q & A Highlights Warning! GuruFocus has detected 5 Warning Sign with BHP. Is BHP fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the factors contributing to the 10% decline in EBITDA? A: The decline in EBITDA was entirely due to commodity prices. While we benefited from favorable foreign exchange rates, these were offset by inflationary pressures. Despite this, our operational performance remained strong, with copper equivalent volume growth up around 4%. (CFO, Vendita Pant) Q: How has BHP managed to maintain its position as the lowest cost major iron ore producer globally? A: Western Australia iron ore has consistently demonstrated its leadership with record production and shipments, achieving an EBITDA margin of 63%. Our costs are just $17.29 per ton, maintaining our status as the lowest cost major iron ore producer for six consecutive years. (CFO, Vendita Pant) Q: What are the future growth projections for BHP's production? A: Assuming our projects proceed as planned, we anticipate an average production growth of 2.2% per annum over the next decade. This growth is supported by our focus on highly attractive commodities and world-class assets. (CEO, Mike Henry) Q: Can you discuss the impact of inflation and cost escalation on the Jansen project? A: We encountered higher inflation and cost escalation than anticipated, particularly in surface works. We've taken action to contain these costs and will apply learnings to future projects. The first production for stage 2 has been extended by two years to free up capital for higher returning projects. (CEO, Mike Henry) Q: How is BHP addressing the challenges in decarbonization technology development? A: The pace of development for our decarbonization technology, particularly diesel displacement, has slowed. We now expect operational decarbonization spending to occur in the 2030s, aligning with the delayed timeline for critical technologies. However, we remain on track to meet our 2030 target for operational greenhouse gas emissions. (CFO, Vendita Pant) For the complete transcript of the earnings call, please refer to the full earnings call transcript.
