03:14 PM EDT, 06/18/2024 (MT Newswires) -- Gildan Activewear ( GIL ) on Tuesday published its 2023 Environmental, Social, and Governance (ESG) report in which it outlined its plans on environmental, water management and waste management issues.

In terms of the environment and looking ahead in 2024, the company plans to complete and activate the solar installations in its two Bangladesh facilities and activate an exhaust heat capture initiative in two Bangladesh powerhouses. It also plans to optimize biomass boilers and reduce the use of bunker fuel in Honduras and the Dominican Republic by continuing to investigate new sources of biomass feedstock; and the company plans to continue to optimize, invest in, and engineer solutions to drive energy and fuel efficiency across manufacturing locations; and will continue to promote the participation of suppliers in reporting and setting decarbonization objectives.

On water management, Gildan looking ahead in 2024 plans to use EcoProcess in 100% of production facilities in Honduras, the Dominican Republic, and Bangladesh and to start scaling up the reuse of process water in both its textile and hosiery dyeing process. It will also commence the use of recycled water in garment dyeing.

In terms of waste management, the company in 2024 will continue to transition labels, zippers, and cords across products to sustainable materials; continue to develop other sustainable commodities such as stickers, elastic, fusing, joker labels, and buttons; build upon work to reduce packaging volume for jersey-style fleece garments, aiming to remove further plastic bags used in the packaging of other product lines; and continue the transition to sustainable packaging and trims in Gildan hosiery manufacturing, specifically for plastic inner bags and paper bands, stickers, and fasteners.

Gildan in a press release said the 2023 report highlights its continued progress against key targets, two years into the implementation of its Next Generation ESG strategy and 2030 targets.

At last look, shares in Gildan were up $0.07 at $52.08.

Price: 52.11, Change: +0.10, Percent Change: +0.19