CDP Awards HanesBrands A-Scores in Both Water Security and Climate Change
HanesBrands (HBI), a global leader in well-known clothing brands, got an A- on the global CDP annual sustainability disclosures for its impact on climate change and water security.
HBI was recognised for its transparency, best practices, and coordinated action on climate change and water security challenges.
The A- is the best score HBI has ever gotten from CDP for water security. The company ranked in the top 11% of companies assessed for climate change and in the top 12% for water security.
HBI has 2030 goals to reduce water use by 25% in their own operations and, by 2025, to align wastewater with Zero Discharge with Hazardous Chemicals (ZDHC) wastewater standards.
Some of the brands owned by HBI, like Hanes, Champion, and Bonds, come from operations that are unique in the clothing business. The company owns a large part of its manufacturing and supply chain operations. This means that sustainability practices can be directly supervised.
Most people agree that CDP's annual environmental reporting and grading process is the gold standard for how open companies are about the environment. Over 18,000 businesses were evaluated in eleven areas, such as risk assessment and opportunities, targets and goals, governance, strategy and mitigation activities, and response performance. The process measures overall progress toward environmental stewardship; comprehensive disclosure, awareness, management, and finally, leadership level.
"With superior A- CDP ratings, we are honoured to be recognised as a leader in our sustainability efforts," said Steve Bratspies, CEO of HanesBrands. “Consumers around the world know our iconic brands for comfort, quality, and style, and they trust our responsible and sustainable supply chain. This achievement is the result of our worldwide associates who work tirelessly to achieve ambitious sustainability goals.”
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Source: BUSINESS WIRE
Learn more about CDP and its scoring methodology here.
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