HanesBrands Earns High Scores in CDP 2016 Climate Change Report
HanesBrands has voluntarily reported its carbon emissions and other data since 2010 to CDP for its annual 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.
In 2016, the company scored an above-average B rating for emissions, posting better performance than the apparel industry average and overall program average in all CDP reporting categories: governance and strategy, risk and opportunity management, emissions management and verification.
Hanes, unique in the apparel industry because it owns the significant majority of its manufacturing and supply chain operations, achieved its CDP emissions score for its transparency and by managing emissions, implementing best practices and taking coordinated action on climate-change issues.
Hanes also earned above-average 2016 scores for water management, forest and supply chain assessments, scoring ahead of CDP program averages in peer comparisons. The company’s:
- 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;
- B forest score reflects Hanes’ responsible biomass practices; and,
- 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.
“Our CDP scores validate Hanes’ commitment to building a sustainable legacy for our company, our employees, our investors and our consumers,” said Michael E. Faircloth, president, chief global supply chain and information technology officer. “Our team plans to build on this progress by further reducing the company’s carbon emissions, water use and energy use, while increasing renewable consumption by 2020.”
The company, which ranks No. 172 on Newsweek Magazine’s 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.