South Asia Textiles commits to SBTi to limit global warming
South Asia Textiles (SAT), a wholly owned subsidiary of Hayleys Fabric PLC, has joined its parent company in committing to Science-Based Targets (SBTi) initiatives to reduce greenhouse gas emissions ( GHGs) and limit global warming to 1.5°C. . Hayleys Fabric is a pioneer fabric manufacturer in the country. Hayleys Fabric Group is the largest manufacturer in Sri Lanka.
With Hayleys Fabric in the lead as the number one textile manufacturer, SAT took the lead to become the second largest textile manufacturer in the country. Overall, we are two of five manufacturers to add our name to a growing list of leading global companies committing to SBTi.
“With the launch of the Hayleys Lifecode by our parent company, Hayleys PLC, we have begun to introduce our own personalized roadmap and set goals to complement the inherent knowledge and expertise built up within our organization, to anchor our performance on UN Sustainable Development. Development Goals (UNSDG). Through our commitment to SBTi, we have gained even greater competitive advantages that match growing consumer demand for more sustainable brands,” said Rohan Goonetilleke, Managing Director and CEO of South Asia Textiles and Hayleys Fabric.
The SBTi specifies how much and how quickly a company must reduce its greenhouse gas emissions, in line with the Paris Agreement targets to limit global warming by keeping it to 1.5°C and well below 2°C, and is also part of a broader effort to achieve net zero emissions by 2050.
These goals will be achieved through innovation, reducing waste, unlocking efficiencies and building investor confidence while reducing regulatory risk, uncertainty and exposure to market volatility. energy costs. Basically, significant positive corporate environmental sustainability initiatives will support the company’s commitment to SBTi.
Launched in collaboration with CDP Worldwide, the World Resources Institute (WRI), the World Wide Fund for Nature (WWF) and the United Nations Global Compact (UNGC), the goals are globally recognized commitments that companies make as part of the We Mean Business Coalition. Climate Change Action Platform.
As part of its commitments, SAT also recently obtained ISO 14001 and ISO 45001 certifications to elevate its environmental sustainability and employee health and safety systems to the level of global best practices.
The company has made significant investments in the modernization of its wastewater treatment plant, including the installation of a high quality raw water filtration unit. Additionally, the company has formed environmental, health and safety (EHS) teams representing all departments to update and improve EHS protocols and standard operating procedures (SOPs) and conduct comprehensive training and awareness sessions.