Into its eighth edition, the report marks the progress of the global company that aspires to become the world’s most sustainable and responsible supplier of colourants, specialty chemicals, and services in the textile industry.
2017 marked the seventh year of DyStar’s journey towards reducing the production footprint by 20 per cent for every ton of production by the year 2020. This goal encompassed the resources used for production including energy, water, and raw materials as well as addresses their corresponding outputs – greenhouse gas (GHG) emissions, waste and wastewater. Results across most key performance indicators were positive, with four of the six 2020 targets being successfully met or surpassed, the report stated.
In terms of the energy consumption and GHG emission, DyStar is farther from its original desired target primarily due to the impacts from three newly acquired production sites. "However, intensive efforts are underway to ensure that the company’s less efficient acquisitions are provided the essential support to align with the rest of the company," said the report adding that DyStar is optimistic that all six targets are achievable by 2020.
Increasingly, DyStar is strengthening its partnerships with the non-governmental organisations (NGOs). The report has featured an in-depth guest interview with the NGO China Water Risk, on how can suppliers like DyStar can be a role model in creating sustainable fashion.
As an industry frontrunner, DyStar and its leaders are committed to driving sustainability across the industry. However, significant challenges remain, and the stakeholders of this industry need to work together to derive long-term solutions. "It is imperative for the entire industry to improve collectively, not individually, and our ability to do so may determine the long-term profitability of the industry as a whole. It is my belief that effective partnerships coupled with stronger support and incentives from leading companies within this industry could be key to creating a new – and much needed – equilibrium," CEO of DyStar Group, Eric Hopmann emphasised. (RR)
Fibre2Fashion News Desk – India
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