Ms. Jessy Hayem reports

GILDAN PUBLISHES ITS 2024 ESG REPORT HIGHLIGHTING ADVANCEMENTS TOWARDS ITS 2030 ESG TARGETS

Gildan Activewear Inc. has published its 21st environmental, social and governance report, outlining the company's continued progress against the 10 targets of its next-generation ESG strategy.

"Over the years, ESG, which is one of three pillars of our Gildan sustainable growth strategy, has been foundational to support our low-cost manufacturing operations, unlocking innovative business solutions and our ability to meet changing customer and consumer needs," said Glenn Chamandy, president and chief executive officer of Gildan. "Just as importantly, it has also helped us to attract and retain an engaged, experienced and highly skilled work force, and maintain the trust and support of the communities in which we operate. Together with our approximately 50,000 employees, we are committed to continue making apparel with respect."

In 2024, Gildan achieved notable advancements toward its next-generation ESG targets as the company:

• Reduced water intensity at its operated manufacturing facilities by 25.2 per cent per kilogram produced (compared with a 2018 baseline) by leveraging innovative technologies and proprietary processes;
• Increased the amount of sustainable cotton sourced from 35.7 per cent in 2023 to 77.3 per cent in 2024;
• Doubled the percentage of recycled polyester or alternative fibre and/or yarns sourced from 2023 to 2024;
• Achieved ISO 45001 certification in two additional facilities in 2024, bringing the total number of certified facilities to five.

Gildan also continued to be recognized for its ESG practices. The company was:

• Included on the Dow Jones Best-in-Class North America Index (formerly the Dow Jones Sustainability North America Index), marking the company's 12th consecutive year of inclusion in this index;
• Included in the 2025 sustainability yearbook by S&P Global for the 13th consecutive year;
• Included in CDP's leadership band in 2025 for its 2024 climate change disclosure -- marking the fifth time that Gildan has achieved this recognition;
• Named in the inaugural edition of Time's world most sustainable companies;
• Recognized as one of Canada's best 50 corporate citizens by Corporate Knights for the third consecutive year.

About Gildan Activewear Inc.

Gildan is a leading manufacturer of everyday basic apparel. The company's product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms and to global lifestyle brand companies. The company markets its products in North America, Europe, Asia Pacific and Latin America under a diversified portfolio of company-owned brands, including Gildan, American Apparel, Comfort Colors, Goldtoe and Peds, and under an exclusive licensing agreement for the printwear channel for Champion.

Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the company's long-term business strategy.