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Crystal Group releases 5th annual Sustainability Report
13
Aug '14
Hong Kong-based Crystal Group, a leading original equipment and original design garment manufacturer (OEM/ODM) and trader, has releases its 5th annual Sustainability Report with the theme ‘Believe in WE’.
 
The Report shares the Group’s insights and sustainability performance on bettering the industry, empowering women, grooming future leaders, and fostering communication.
 
Tilky Wang from the Corporate Quality & Sustainability Department of Crystal Group, said, “Crystal Group is an enterprise run by people for the people. The ‘people’ we work for are not just our customers or shareholders, but more importantly, our colleagues and our community.”
 
“In order to communicate better our approach and practices toward sustainability, we have adopted the Global Reporting Initiative (GRI) framework in which we look for a transparent and clear presentation to share with everyone,” Wang added.
 
Crystal Group has production bases in China, Vietnam, Sri Lanka, Bangladesh and Cambodia. It has office operations in Hong Kong, the UK and China.
 
In 2013, two Cambodia factories commenced operation, and one Bangladesh factory closed down. During the year, factories of the Crystal Group produced 300 million pieces of garments, registering a growth of 30 percent year-on-year. 
 
The Group’s turnover also increased by 26 percent year-on-year to US$ 1.6 billion in 2013, mentions the Sustainability Report.
 
“Looking forward, the future is very challenging. Industry consolidation continues with retailers having increasing expectations from the supply chain. We have to improve our competitiveness through enhanced productivity, innovations, economies of scale, and nurturing our caring culture,” says Andrew Lo, CEO of Crystal Group.
 
Click here to read the full report.
 

Fibre2fashion News Desk - India

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