06:48:18 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Gildan Activewear Inc
Symbol GIL
Shares Issued 216,417,313
Close 2018-04-17 C$ 37.32
Market Cap C$ 8,076,694,121
Recent Sedar Documents

Globe says TD, others make for a good ethical choice

2018-04-17 07:54 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail attempts to identify Canadian stocks with a positive ESG screen in its Tuesday, April 17, edition. The Globe's guest columnist Emily Halverson-Duncan writes in the Number Cruncher column that ESG, or environment, social and governance, is shorthand for three key criteria that socially responsible investors can use to evaluate a company. Overall ESG score measures how a company pro-actively manages the ESG issues that most affect their business. Scrutiny using ESG-focused investment mandates not only promotes ethical business practices, it also helps investors avoid ownership in companies that may be subject to controversy and scandal. In order to qualify, stocks needed to have an overall ESG score in the top one-third of peers; stocks also needed to have a controversy score less than or equal to three or an ESG peer-group score equal to three or higher. Lastly, stocks were required to have their five-year beta less than one to help avoid high correlation to the market. Stocks that qualify for purchase into the strategy today are Toronto-Dominion Bank, Canadian Tire, Bank of Montreal, Gildan Activewear, Capital Power and CAE.

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