HanesBrands Earns Top Scores from CDP Maintaining Leader Status Among Industry Peers
29 February 2024 - 12:30AM
Business Wire
HanesBrands Scores A- in Climate Change and
Water Security for the Second Consecutive Year
HanesBrands (HBI), a global leader in iconic apparel brands, has
been recognized for the second consecutive year with an A- score on
the global CDP annual sustainability disclosures across two key
areas of environmental impact – climate change and water
security.
HanesBrands achieved this recognition for its leadership in
transparency, best practices and coordinated action on climate
change issues and water security. CDP’s annual environmental
disclosure and scoring process earns widespread acclaim as the gold
standard of corporate environmental transparency. This year, an
unprecedented 21,000 companies disclosed, marking a notable 24%
increase compared to 2023.
“We take great pride in being acknowledged as a frontrunner
among industry peers for our transparency and commitment to
sustainability, both of which are reflected in our outstanding CDP
ratings,” said Steve Bratspies, CEO of HanesBrands. “This
accomplishment is a testament to the hard work being done by
HanesBrands associates around the world who are focused on reaching
our 2025/2030 sustainability goals and who want to do the right
thing for the planet.”
HanesBrands’ leadership status illustrates its incredible
commitment to high sustainability standards. The company has set
carbon emissions reduction targets through the Science-Based
Targets Initiative to reduce its Scope 1 and 2 emissions by 50% and
Scope 3 emissions by 30% by 2030. Moreover, HanesBrands is
committed to reducing water use by 25% in their own operations by
2030.
The company has been named as one of the 100 most sustainable
companies in the nation multiple times by Barron’s and is the only
apparel company to earn the U.S. Environmental Protection Agency
Energy Star Sustained Excellence Award. HanesBrands is also very
proud to have been named one of the World’s Most Ethical Companies
by Ethisphere.
For more details about CDP and its scoring methodology, visit
www.cdp.net. Learn more about HanesBrands commitments to
sustainability here.
About HanesBrands
HanesBrands (NYSE: HBI) makes everyday apparel that is known and
loved by consumers around the world for comfort, quality and value.
Among the company’s iconic brands are Hanes, the leading basic
apparel brand in the United States; Champion, an innovator at the
intersection of lifestyle and athletic apparel; Bonds, which is
setting new standards for design and sustainability; Maidenform,
America’s number one shapewear brand; and Bali, America’s number
one bra brand. HBI employs 48,000 associates in 29 countries and
has built a strong reputation for workplace quality and ethical
business practices. The company, a longtime leader in
sustainability, has set aggressive 2030 goals to improve the lives
of people, protect the planet and produce sustainable products. HBI
is building on its unmatched strengths to unlock its #FullPotential
and deliver long-term growth that benefits all of its
stakeholders.
About CDP
CDP is a global non-profit that runs the world’s environmental
disclosure system for companies, cities, states and regions.
Founded in 2000 and working with more than 740 financial
institutions with over $136 trillion in assets, CDP pioneered using
capital markets and corporate procurement to motivate companies to
disclose their environmental impacts, and to reduce greenhouse gas
emissions, safeguard water resources and protect forests. Over
24,000 organizations around the world disclosed data through the
CDP in 2023, with more than 23,000 companies – including listed
companies worth two thirds global market capitalization – and over
1,100 cities, states and regions. Fully TCFG aligned, CDP holds the
largest environmental database in the world, and the CDP scores are
widely used to drive investment and procurement decisions towards a
zero carbon, sustainable and resilient economy. CDP is a founding
member of the Science Based Targets initiative, We Mean Business
Coalition, The Investor Agenda and the Net Zero Asset Managers
initiative. Visit cpd.net or follow us @CDP to find out more.
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Nicole Ducouer, 336-986-7090
Hanesbrands (NYSE:HBI)
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