Crystal International, a clothing company based in Hong Kong, has released its 2020 sustainability report, with the theme “Innovate in the New Normal, Care via Action,” to showcase creative innovations and care efforts implemented in the previous year. The report adheres to HKEx's environmental, social, and governance (ESG) disclosure standards, as well as GRI Standards.
The report discusses the company's long-term strategy, goals, significant activities, accomplishments, and performance in 2020.
The report's highlights include: best ESG report and Excellence in Environmental Positive Impact Commendation award; the company reduced freshwater intensity by 53% compared to the 2017 base year (target achieved); Carbon intensity was lowered by 12% compared to the base year of 2017 (target achieved); joined the UN Fashion Industry Charter for Climate Action and pledged to reduce GHG emissions by 30% by 2020; and achieved outstanding verified Higg FEM scores of 92 percent and 91 percent in a China factory and a Vietnam factory, respectively, they earned exceptional verified Higg FEM scores of 92% and 91%.
Notably, the firm established a long-term decarbonization plan and extended rooftop solar PV in two Vietnam facilities, resulting in yearly CO2e reductions of approximately 4,000 tonnes. It also recycled 2,832,308 m3 of water, enough to supply drinking water to 3,800,000 people for a year.
Catherine Chiu, the company's GM of Corporate Quality and Sustainability, said that the year 2020 was a once-in-a-lifetime experience for all of us. Despite the uncertainty and challenges posed by the COVID-19 epidemic, their commitment to sustainability remained unwavering. The pandemic has reinforced for them the importance of cultivating a long-term relationship with the natural environment, how critical it is to address the looming climate crisis, and the importance of working together to overcome adversity and be resilient.
Crystal International Group and its subsidiaries, which were founded in Hong Kong in 1970, have expanded product categories into five segments: lifestyle wear, denim, intimate, knitwear, sportswear, and outdoor gear, with leading positions in corresponding areas. With about 20 manufacturing sites spread across five countries (Vietnam, China, Cambodia, Bangladesh, and Sri Lanka), the company maintains a multi-country manufacturing platform.
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
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