GOVERNANCE
For more information on our Board of Directors, the Board’s oversight responsibilities, and other corporate governance issues,
please see the proxy statement for our 2025 Annual Meeting of Stockholders.
Enterprise Risk Management
We continue to evaluate the actual and potential impacts of climate-related risks and opportunities on our business, strategy and financial planning.
We fully appreciate that as well as doing the right thing for our people and planet, our sustainability program is key to running our business the right way. It’s how we make sure our values are at the heart of everything we do.
Issues such as climate change, water stress and unethical labor or human rights practices within supply chains can pose risks to our business and our ability to develop our products in the ethical way we promise to produce them. That’s why we assess and evaluate these risks and why they are a key part of our ongoing Enterprise Risk Management process.
HBI has long had an in-depth and comprehensive enterprise risk management (ERM) process that is overseen by the Audit Committee and reported to our Board of Directors. Our Board and senior management teams have had direct oversight of our sustainability, corporate responsibility and human rights programs for many years, and the scope of our ERM program includes our Global Ethics and Compliance program, our factory audit programs, and a broad sustainability review.
In 2020, we engaged with Anthesis, a global sustainability consulting leader, to map our most significant weather-related risks. We modeled various scenarios that were identified in this work which can be explored further in our Disclosures page, which has details on our Taskforce on Climate-Related Financial Disclosures (TCFD).
In 2023, we further analyzed climate-related risks & opportunities. We evaluated both transitional and physical climate-related risks to determine the relative importance of each climate-related risk in alignment with our ERM framework. Transition risks are associated with the transition to a low-carbon global economy and include the assessment of current and emerging regulatory, technology, legal, market and reputational risks. Physical risks come from the direct impacts of climate change. They can be short-term events such as extreme weather events and more long-term changes in weather patterns.
Enterprise Risk Management
We continue to evaluate the actual and potential impacts of climate-related risks and opportunities on our business, strategy and financial planning.
We fully appreciate that as well as doing the right thing for our people and planet, our sustainability program is key to running our business the right way. It’s how we make sure our values are at the heart of everything we do.
Issues such as climate change, water stress and unethical labor or human rights practices within supply chains can pose risks to our business and our ability to develop our products in the ethical way we promise to produce them. That’s why we assess and evaluate these risks and why they are a key part of our ongoing Enterprise Risk Management process.
HBI has long had an in-depth and comprehensive enterprise risk management (ERM) process that is overseen by the Audit Committee and reported to our Board of Directors. Our Board and senior management teams have had direct oversight of our sustainability, corporate responsibility and human rights programs for many years, and the scope of our ERM program includes our Global Ethics and Compliance program, our factory audit programs, and a broad sustainability review.
In 2020, we engaged with Anthesis, a global sustainability consulting leader, to map our most significant weather-related risks. We modeled various scenarios that were identified in this work which can be explored further in our Disclosures page, which has details on our Taskforce on Climate-Related Financial Disclosures (TCFD).
In 2023, we further analyzed climate-related risks & opportunities. We evaluated both transitional and physical climate-related risks to determine the relative importance of each climate-related risk in alignment with our ERM framework. Transition risks are associated with the transition to a low-carbon global economy and include the assessment of current and emerging regulatory, technology, legal, market and reputational risks. Physical risks come from the direct impacts of climate change. They can be short-term events such as extreme weather events and more long-term changes in weather patterns.