Gildan Activewear Inc. has been named to Canada’s Best 50 Corporate Citizens list by Corporate Knights for the fifth consecutive year. The company is one of only two entities in the Textiles and Clothing Manufacturing sector to be included in this ranking. Additionally, Gildan has been placed in TIME’s World’s Most Sustainable Companies ranking for the third edition, standing as one of 19 Canadian companies on the global list and one of only two in the "Apparel, Footwear & Sporting Goods" industry subcategory.

Glenn J. Chamandy, President and CEO of Gildan, attributed the consistent recognition to the longstanding importance of sustainability within the company’s corporate strategy. He expressed confidence that the company would continue to deliver on its commitment to Making Apparel Better®.

Canada’s Best 50 Corporate Citizens Methodology

The Canada’s Best 50 Corporate Citizens of 2026 ranking by Corporate Knights is derived from a data set of companies with more than $1 billion in annual revenues. Potential contenders include publicly listed companies, privately-owned corporations, Crown corporations, credit unions, and members of the TSX / S&P Renewable Energy and Clean Technology Index.

For 2026, the methodology was updated to focus on three equally weighted metrics:

TIME’s World’s Most Sustainable Companies

TIME’s World’s Most Sustainable Companies 2026 ranking recognizes leading companies in corporate social responsibility globally. Companies were evaluated on more than 20 key performance indicators related to sustainability, including compliance with international reporting standards, emissions, and commitment to goals and initiatives. A score was determined for each company based on this multi-layered analysis.

Out of over 5,800 of the world’s largest and most influential companies assessed, the top 750 were awarded based on revenue, market capitalization, and public prominence.

Scotiabank analyst John Zamparo has maintained a Sector Outperform rating on Gildan Activewear while lowering the price target to $65 from $72. The adjustment reflects a revised valuation outlook for the stock despite the continued positive stance on the sector.

Rating and Price Target

The analyst's decision to retain the Sector Outperform rating indicates confidence in the company's performance relative to its industry peers. However, the reduction in the price target suggests a recalibration of expected returns.

The new price target of $65 represents a decrease from the prior $12 lower target set at $72.