Singapore-based dye manufacturer Dystar has admitted challenges remain in the industry’s efforts to drive sustainability as the company conceded it has not yet reached it energy consumption and emissions goal.
In its latest Sustainability Performance Report – the first of its reports prepared in accordance with Global Reporting Initiative (GRI) Standards – Dystar said 2017 marks the seventh year of its journey towards reducing the production footprint by 20% for every tonne of production by the year 2020.
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This goal encompasses the resources used for production including energy, water, and raw materials as well as addressing their corresponding outputs – greenhouse gas (GHG) emissions, waste and wastewater.
The company said results across most key performance indicators were positive, with four of the six 2020 targets being successfully met or surpassed.
However, in terms of energy consumption and GHG emissions, DyStar says it is farther from its original desired target primarily due to the impacts from three newly-acquired production sites. The company says “intensive efforts” are underway to ensure the company’s less efficient acquisitions are provided the “essential support to align with the rest of the company”.
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DyStar is optimistic that all six targets are achievable by 2020.
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By GlobalDataAs part of the company’s long-term goal to imbed sustainability across the industry, the company will also be focusing on expanding its sustainability services. This includes the opening of more Texanlab offices, an ISO 17025 certified, specialised testing laboratory across South Asia to provide end-to-end solutions throughout the whole supply chain.
“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,” the company said in its report.
“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,” says Eric Hopmann, CEO of DyStar Group. “It is my belief that effective partnerships coupled with stronger support and incentivisation from leading companies within this industry could be key to creating a new – and much needed – equilibrium.”
