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Gildan Activewear has been rated as one the Global 100 most sustainable corporations in the world by Corporate Knights for the second consecutive year.
Gildan moved up its ranking from 79th last year to 60th overall this year, and was the only apparel manufacturing company included on the list globally.
Glenn Chamandy, president and CEO of Gildan, said: “We are pleased to be recognised by Corporate Knights’ once more, demonstrating Gildan’s strong commitment to ESG.
“Our increased ranking reflects our dedication and hard work in developing and advancing our Next Generation ESG strategy over the past year which includes increasing gender diversity, focusing on sustainable investments, employee safety, and linking executive compensation to ESG targets, amongst other initiatives. Under this strategy, we are driving ESG further into our business and remain committed to the path ahead to ensure that our products are made with respect for our people, the environment, and our communities from start to finish.”
Ricoh also joined Gildan on the list. The printer manufacturer was ranked 80th on the list and was included for the 11th time.
Jake Yamashita, president and CEO, added: “In 2020, we positioned ESG initiatives as future financial targets, one of the dual companywide management targets along with regular financial goals. This ranking is a testament to Ricoh’s continuous and accelerated commitment to sustainability, such as incorporating ESG indicators into our executive compensation and actively lobbying for climate change action by joining the conversation on renewable energy with the Japanese government.”
The Global 100 is an annual ranking of the world’s most sustainable corporations published by Canada-based Corporate Knights. The assessment is executed across key indicators, including environmental, social, and governance performance, % sustainable revenue, % sustainable investment, climate-related lobbying activities, and sustainability-linked pay. The assessment results are announced each year during the World Economic Forum’s annual meeting in Davos, Switzerland. The 19th annual ranking, the 2023 Global 100, assessed 6,720 publicly-traded companies with over US$1 billion in revenue.
