Crystal International Group Racks Up Sustainability Accolades
Hong Kong-based apparel manufacturer Crystal International Group Ltd. announced its first “A List” rating in the 2023 Climate Change survey conducted by the CDP, a global environmental disclosure nonprofit organization.
Crystal earned the accolade for disclosing its climate change data and practices and its leadership in inventory management. The company said it is in the top 1.5 percent of the 23,000 companies that participated in the annual reporting cycle.
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“The ‘A’ score is an exceptional recognition of Crystal’s climate efforts at all levels, signifying the quality and data completeness of environmental management,” the company stated.
CDP assesses the companies based on the comprehensiveness of disclosure, awareness and management of environmental risks, and demonstration of best practices associated with environmental stewardship.
Lenzing, LVMH, Fast Retailing Co. and YKK also achieved the A List rating.
The H&M and Uniqlo supplier also announced that it has maintained its “Low risk” ranking by Sustainalytics, an independent ESG and corporate governance research, ratings and analytics firm. Crystal’s ESG its risk level was lowered from the solid basis of 15.3 to 14.9, which the company said outperforms the industry average.
It ranked No. 43 out of more than 200 companies the textile and apparel industry.
Crystal International has committed to reaching net zero by 2050 and reducing 35 percent aggregate carbon emissions by 2030.
In 2021, the company launched the beta test of a carbon footprint calculator to track carbon emissions of a single denim product throughout the entire denim manufacturing process, including garment sewing, washing and finishing. More recently it has focused on localized denim production in Vietnam and introduced natural mineral dyes for denim.
The Group’s net zero strategy has been integrated into the daily operations to achieve low-carbon manufacturing and the long-term goals. The company said this strategy includes expanding renewable energy, enhancing productivity and energy efficiency, and adopting green technologies.
“We are all thrilled to have attained outstanding performance from two prestigious ESG ratings. This is a major step and breakthrough in our ESG disclosures,” said Catherine Chiu, VP of global sustainability at Crystal International. “Transparency is essential to analyzing environmental actions, managing risk and uncovering opportunities. Our efforts never end, and we feel motivated to accelerate our pace.”
