Home / Knowledge / News / Textiles / Thai Acrylic releases first sustainability report
Thai Acrylic releases first sustainability report
10
Dec '15
Thai Acrylic Fibre (TAF), a Thailand-based manufacturer of acrylic fibre, released the Thai Acrylic Fibre Sustainability Report 2014 – its first sustainability report – in order to disclose the sustainability initiatives undertaken by the company in the year 2014 and the results achieved for the same.

The report, made as per the Global Reporting Initiative (GRI) G4 guidelines, contains details of the assessment carried out by TAF with its management and internal and external stakeholders. Information about the introduction of sustainability context in material issues have also been presented in the report.

As a sustainability initiative, the company has undertaken measures to reduce energy consumption, increase use of recycled materials, reduce water consumption, and emission reduction. TAF has implemented social accountability (SA-8000) standard which is auditable and enables monitoring for compliance against human rights issues.

Employee welfare initiatives are detailed out in the report as employees are at the heart of the organisation. In FY 14, six stakeholder meetings were held in which concerns and expectations of different stakeholder groups were discussed.

The report mentions the company's plan to increase the number of audits and conduct structured engagements with their supply chain on sustainability concerns, and wherever possible, influence the suppliers to adhere to their sustainable business practices in greater measure.

During the reporting period, there were no cases registered related to non-compliance concerning product information and labelling or provision and use of products. A project evaluation matrix that integrates sustainability aspects for categories and stages of projects is being developed.

Commenting on the release of the sustainability report, AK Maheshwari, CEO of TAF said, “It is my pleasure to introduce our first TAF sustainability report. We endeavour to become a leading industry benchmark for sustainability processes and performance by 2020 through engagement of all stakeholders.

“We believe that putting sustainability at the centre of our business will help us maintain a competitive edge and find solutions that make a difference and help create a cleaner world. This report builds on our persistent efforts to build an ethical, responsible and sustainable business.” (MCJ)

Fibre2Fashion News Desk – India


Must ReadView All

Sri Lanka reduces VAT on imported fabric to 5%

Textiles | On 24th Sep 2018

Sri Lanka reduces VAT on imported fabric to 5%

Considering the requests made by the stakeholders in the fabric...

E-com firms in India to deduct 1% TCS under GST from Oct 1

Apparel/Garments | On 24th Sep 2018

E-com firms in India to deduct 1% TCS under GST from Oct 1

E-commerce companies in India will have to deduct 1 per cent tax...

Courtesy: Andritz

Textiles | On 24th Sep 2018

'Strength of economy, demographics drive nonwovens demand'

The strength of the economy and demographic trends are the main...

Interviews View All

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search