Business Wire 13-Jan-2017 11:47 AM
Company Earns A- and B Ratings, Scoring Ahead of CDP Program Averages in Peer Comparison
WINSTON-SALEM, N.C.--(BUSINESS WIRE)-- HanesBrands (NYSE: HBI), a leading global marketer of everyday basic apparel under world-class brands, today announced that it earned above-average scores for water management and supply chain after voluntarily disclosing data for the CDP 2016 Climate Change Report. CDP, formerly known as the Carbon Disclosure Project, is a global disclosure system that enables companies and other entities to measure and manage environmental impacts.
Hanes A- water score was higher than the apparel industry and S&P 500 averages in the following categories: context, governance and strategy, direct risks and response and indirect risks and response.
The companys B supply chain score was ahead of the supply chain average in all reporting categories: governance and strategy, risk and opportunity management and emissions management.
Hanes, unique in the apparel industry because it owns the significant majority of its manufacturing and supply chain operations, achieved its CDP scores for implementing a range of best practices to reduce water use and mitigate water risk, along with a holistic program to reduce energy consumption in its supply chain.
Hanes previously announced the companys above-average score of B for carbon emissions in the CDP 2016 Climate Change Report.
Hanes CDP scores for carbon, water and supply chain validate our commitment to building a sustainable legacy for our company, our employees, our investors and our consumers, said Michael E. Faircloth, Hanes president, chief global supply chain and information technology officer. Our team plans to build on this progress by further reducing the companys carbon emissions, water use and energy use, while increasing renewable consumption by 2020.
The company, which ranks No. 172 on Newsweek Magazines 2016 list of top U.S. green companies, has achieved significant reductions in its environmental footprint and has established even more ambitious goals for 2020.
Since 2007, the company has reduced energy consumption by 25 percent, carbon emissions by 21 percent, and water use by 31 percent, and established renewable energy sources for 25 percent of its worldwide energy needs. The benefits of the companys reduced carbon footprint are equivalent to those provided by more than 2 million tree seedlings grown for 10 years.
The company has set 2020 goals of 40 percent reduction in energy use and carbon emissions, 50 percent reduction in water use, and sourcing renewable energy for 40 percent of the companys needs.
HanesBrands HanesBrands, based in Winston-Salem, N.C., is a socially responsible leading marketer of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under some of the worlds strongest apparel brands, including Hanes, Champion, Playtex, DIM,Bali, Maidenform, Bonds, JMS/Just My Size, Leggs, Wonderbra, Nur Die/Nur Der, Lovable, Berlei, and Gear for Sports. The company sells T-shirts, bras, panties, shapewear, underwear, socks, hosiery, and activewear produced in the companys low-cost global supply chain. A member of the S&P 500 stock index, Hanes has approximately 70,000 employees in more than 40 countries and is ranked No. 448 on the Fortune 500 list of Americas largest companies by sales. Hanes takes pride in its strong reputation for ethical business practices. The company is the only apparel producer to ever be honored by the Great Place to Work Institute for its workplace practices in Central America and the Caribbean, and is ranked No. 167 on the Forbes magazine list of Americas Best Employers. For seven consecutive years, Hanes has won the U.S. Environmental Protection Agency Energy Star sustained excellence/partner of the year award the only apparel company to earn sustained excellence honors. The company ranks No. 172 on Newsweek magazines green list of 500 largest U.S. companies for environmental achievement. More information about the company and its corporate social responsibility initiatives, including environmental, social compliance and community improvement achievements, may be found at www.Hanes.com/corporate.
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HanesBrands Matt Hall, 336-519-3386orCarole Crosslin, 336-519-3201