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Article Date: May 2022
Word Count: 324

Gildan’s ESG Targets Link to Debt Cost


Gildan is on track to meet its slate of three- and four-year ESG priorities now tied to its financing costs after incorporating sustainability-linked terms to $1 billion revolver, the company reported at the Stifel investor conference. The “green” credit agreement looks at annual results on three ESG targets, namely reduction of Gildan’s Scope 1 and Scope 2 GHG emissions by 30% by 2030 (in line with the Paris Agreement); tying 75% of apparel SKUs packaging to recycled or sustainable materials by 2027; and meeting gender parity amongst employees at the director level and above by 2027. Gildan touted its vertical ... Log in to view full article.

 


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