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Crystal International Recognised on “A” List of CDP Climate Change

27/02/2024 04:40 PM
Hong Kong – Crystal International Group Limited (“Crystal International” or the “Group”) has reached new heights in climate change transparency. By disclosing climate change data and practices through the 2023 CDP reporting cycle, Crystal International has earned a spot on the “A List” (leadership level), for its leadership in climate transition, inventory management, and performance.

Crystal International is the sole Hong Kong-based company on the "A" list in CDP Climate Change. 

Among record-breaking 23,000 participating companies globally from different industries, the Group is recognised as being in the top 1.5% attaining an “A” score for the first time. Fully aligned with Task Force on Climate-related Financial Disclosures (TCFD) framework, 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.

“We are all thrilled to have received the ‘A’ score. Being placed on the CDP ‘A List’ is an exceptional recognition of our climate efforts at all levels, signifying the quality and data completeness of our environmental management. Carbon reduction is at the forefront of our sustainability agenda and our efforts never end. We will continue to accelerate our pace,” said Catherine Chiu, Vice President of Global Sustainability at Crystal International. 

Crystal International has committed to reaching net zero by 2050, and reducing 35% aggregate carbon emissions by 2030. The Group’s net zero strategy has been integrated into the daily operations to make a concerted effort to achieve low-carbon manufacturing and the long-term goals.  This strategy includes expanding renewable energy, enhancing productivity and energy efficiency, and adopting green technologies.


Renewable energy is pivotal to Crystal International’s net zero strategy.
 

Transparency is essential to analysing climate actions, managing risk and uncovering opportunities. Crystal International will delve deeper to raise the bar of environmental excellence, by taking sustainable fashion to the next level.

 

About Crystal International Group Limited

Crystal International Group Limited (“Crystal International” or the “Company”), incorporated in Bermuda with limited liability and registered by way of continuation in the Cayman Islands, is a global leader in the apparel manufacturing industry. Founded in Hong Kong in 1970, the Company and its subsidiaries (collectively, the “Group”, or “we”) have a diversified product portfolio categorised into six product segments, namely Lifestyle wear, Denim, Intimate, Sweater, Sportswear and outdoor apparel, and Knitted fabric, with leading positions in corresponding categories. Headquartered in Hong Kong, the Group operates a multi-country manufacturing platform, with more than 20 production facilities spanning five countries, namely Vietnam, China, Cambodia, Bangladesh and Sri Lanka. 

The Group serves a group of leading global brands, through a highly differentiated “Co-creation” business model, offering value-added services and satisfying our customers through manufacturing excellence, accumulated expertise, promptness of service and advanced innovation. We strive to produce the right products at the right time and at the right cost with exceptional quality. The Group maintains a keen focus on sustainability and was ranked 17th out of 50 in the Fortune business magazine “Change the World” list in 2016. The list recognises companies across the world that have made significant social and environmental contributions. The Group is striving towards Crystal Sustainability Vision 2030 and Net Zero 2050 Vision.

Please visit Crystal International’s corporate website
http://www.crystalgroup.com for more information.

 

About CDP

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over $136 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 24,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization - and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.

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