Hong Kong-based Crystal International wants to achieve zero emissions by 2050, with an interim target of a 35 percent reduction in aggregate emissions by 2030.
“It painted quite a grim future for humanity. All of us agreed that we should do something for the planet. We aligned amongst the top team to achieve the triple bottom line goal, which is people, profit and the planet,” said Lo.
The next milestone after being recognized on the CDP climate change 2023 A list — the only Hong Kong-based company to have received that accolade — would be the Crystal Sustainability Vision 2030 plan, which will encompass eight impact areas across social and environmental goals, according to Lo. “The biggest part of what we want to do is on productivity enhancement. Just imagine, if we can produce 30 percent more using the same facilities and the same energy, then it means that we are reducing our energy per product by 30 percent. So that is one of the key driving forces of this whole strategy,” said Lo.
“Speed enhances the efficiency of the whole supply chain. It helps our customers to buy more of the right products, and less of the wrong products, which helps our customers to reduce markdowns and increase their margins,” he said. When asked about what are the main challenges for the fashion industry to embrace sustainable practices, Lo said it would be more manufacturers and upstream suppliers adopting a proactive approach concerning environmental issues.
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