Hanes brands awarded above-average scores for water management
Company earns A- and B ratings, scoring ahead of CDP program averages in peer comparison.
WINSTON-SALEM, NC, JANUARY 13, 2017 -- HanesBrands, a leading global marketer of everyday basic apparel under world-class brands, today announced that it earned above-average scores for water management and supply chain after voluntarily disclosing data for the CDP 2016 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.
Hanes' 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.
The company's 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.
Hanes, unique in the apparel industry because it owns the significant majority of its manufacturing and supply chain operations, achieved its CDP scores for implementing a range of best practices to reduce water use and mitigate water risk, along with a holistic program to reduce energy consumption in its supply chain.
Hanes previously announced the company's above-average score of B for carbon emissions in the CDP 2016 Climate Change Report.
"Hanes CDP scores for carbon, water and supply chain validate our commitment to building a sustainable legacy for our company, our employees, our investors and our consumers," said Michael E. Faircloth, Hanes' 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.
Since 2007, the company has reduced energy consumption by 25 percent, carbon emissions by 21 percent, and water use by 31 percent, and established renewable energy sources for 25 percent of its worldwide energy needs. The benefits of the company's reduced carbon footprint are equivalent to those provided by more than 2 million tree seedlings grown for 10 years.
The company has set 2020 goals of 40 percent reduction in energy use and carbon emissions, 50 percent reduction in water use, and sourcing renewable energy for 40 percent of the company's needs.