The report is in accordance with the GRI Standards: Core option, while using the integrated reporting framework to communicate how DyStar drives value creation across multiple stakeholder groups in six capital categories, namely financial, manufactured, intellectual, natural, human capital and social capital.
In 2020, COVID-19 continued to present its challenges, such as the shortage of raw materials and rising freight costs. Gloomy global demand also resulted in some raw and product material wastage in production plants worldwide, leading to increased non-hazardous waste output for FY2020. DyStar recognises these global factors in play and will continue to make active efforts within the organisation’s capability to reduce its environmental footprint in the years ahead, DyStar said in a press release.
“We will continue to innovate and develop a wide range of products and processes that improve environmental performance and reduce carbon footprint across our value chain,” said Xu Yalin, executive board director of DyStar Group.
“We are also developing various projects in anticipation of future demands from customers as well as adopting more environmentally friendly technologies and improve our workflows and processes. Some of our projects include traceability programmes, adopting renewable energy technologies, and digitalising our business processes,” Eric Hopmann, CEO of DyStar Group added.
Understanding the importance of collaborative efforts to drive sustainability across the value chain,
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