Gildan Unveils Next Generation ESG Strategy
Gildan Activewear Inc. recently announced its next generation environmental, social, and governance (ESG) strategy and future targets. The company states that it is making a commitment to advancements by 2030 in areas including climate, energy, and water; circularity; human capital management; long-term value creation; and transparency and disclosure.
According to the press release, Gildan’s new strategy is aimed at addressing global environmental and social priorities geared toward improving the lives of people who make Gildan garments, further protecting the environment, empowering neighboring communities, and increasing the sustainability of products delivered to customers around the world.
Breaking down its goals, Gildan has signed the Science Based Targets initiative (SBTi) commitment letter, with a goal of reducing its scope 1 and 2 CO2 emissions by 30% by 2030, aligned with the SBTi and the level of decarbonization required to meet the goals of the Paris Agreement. The company also plans to further invest in water efficiency and implement additional water reducing, reusing, and recycling options in its operations with the goal to attain a 20% reduction in water withdrawal from nature by 2030.
Gildan goes on to state that its goal is to source 100% sustainable cotton by 2025 and 30% recycled polyester or alternative fibers and/or yarns by 2027. The company also plans to achieve zero manufacturing waste by 2027 and to use 75% recycled or sustainable packaging and trim materials by 2027.
These are just a few of the commitments the company outlined in its press release. “From our beginning, we have been re-imagining and building the future of responsible apparel manufacturing,” said Glenn Chamandy, president and CEO of Gildan, in the release. “This has made Gildan the company it is today; recognized for the apparel we make and how we make it. ESG has always been integrated into our business strategy and reflected in our market offering. This next generation strategy will push us to deliver even stronger ESG performance and continue to reinforce Gildan as a leading ethical, sustainable, and efficient apparel company.”