SOURCE: Gildan ActivewearDESCRIPTION:
Gildan is pleased to share that it is once again a recipient of the CSR Seal by the Fundación Hondureña de Responsabilidad Social Empresarial, better known as FUNDAHRSE, for its 2020 work in Honduras. This is the 14th consecutive year that Gildan receives this award designed to recognize organizations that demonstrate leading practices related to human rights, labour practices, governance, environment, operational practices, and employee and community relations.
"2020 was a challenging year for all. In Honduras specifically, the spread of COVID-19 compounded by hurricanes Eta and Iota that struck the country made it a particularly difficult time for the Company and our employees. But despite these hardships, we rolled up our sleeves and worked together to continue advancing our ESG commitments and supporting our employees and communities," said Claudia Sandoval, Vice President of Corporate Citizenship at Gildan. "Our inclusion in the FUNDAHRSE Seal during such a challenging year is a clear testimony of Gildan's strong culture of responsibility and sustainability both at the top levels of the organization and on the ground," she continued.
Gildan has been operating in Honduras for 24 years and has more than 21,000 employees in the country, making it Gildan's largest hub. In 2020, Gildan made some of the following strategic investments in Honduras aligned with its ESG strategy and commitments:
Caring for our people
- Gildan continued to apply strong human rights principles in its operations across Honduras, in line with the Company’s longstanding priority to enforce and protect the fair treatment of workers. Specifically, Gildan supported manufacturing employees during the COVID-19 pandemic by collaborating with local government officials, NGOs, and union representatives in the country to ensure employees’ rights were respected and that employees were receiving constant support.
- Gildan initiated a humanitarian aid plan to support employees and local communities to recover and rebuild from the two back-to-back hurricanes in November. Gildan raised a little more than USD $165,000 which was donated directly to employees affected. Gildan also made a significant donation of garments, and emergency kits for evacuated employees, as well as offered medical assistance at its on-site medical clinics, representing a total contribution of USD $920,000.
- Gildan committed USD $175,000 toward the Children's Education and Transformation program by World Vision Honduras. This program is dedicated to improving the living conditions and opportunities of the most vulnerable children in the country by equipping parents, caregivers, teachers, and children with the necessary knowledge and tools to engage on topics related to children’s rights, violence prevention, and gender equality. This donation has brought Gildan's investment to over USD $600,000 since the inception of the partnership which has helped reach more than 147,000 children and 5,000 teachers across the nation.
Conserving our environment
- Gildan piloted an Energy Management Information System (EMIS) to monitor its energy, water, and wastewater performance in Honduras. Since then, this system has helped make more timely and accurate decisions for managing energy and water consumption. Gildan plans to implement the system across its worldwide operations by the end of 2022.
- In 2020, Gildan installed a new air conditioning economizer control system at its knitting facilities in Honduras, which determines when to reduce the cooling capacity required from the chillers. It also uses cool air in the evening, which reduces overall electricity use and steam consumption.
KEYWORDS: Gildan, ESG, Honduras, NYSE:GIL