The DyStar Group has released its 2017 – 2018 Sustainability Performance Report. Into its eighth edition, the report marks the progress of the supplier of colourants, speciality chemicals, and services for the textiles industry. The company has also embarked on the business with food dyes and chemicals through its recent acquisition in USA. The latest DyStar’s Sustainability Performance Report is the first of their reports prepared in accordance with the most trusted and widely used reporting framework – Global Reporting Initiative (GRI) Standards: Core Option.
“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. 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,” said CEO of DyStar Group, Eric Hopmann.
Last year marked the seventh year of DyStar’s journey towards reducing the production footprint by 20 per cent for every ton of production by the year 2020. This goal encompasses the resources used for production including energy, water, and raw materials as well as addresses their corresponding outputs – greenhouse gas (GHG) emissions, waste and wastewater. Results across most key performance indicators were positive, with four of the six 2020 targets being successfully met or surpassed, the company reports.
In terms of the energy consumption and GHG emission, DyStar is farther from its original desired target primarily due to the impacts from three newly acquired production sites. However, intensive efforts are underway to ensure that the company’s less efficient acquisitions are provided the essential support to align with the rest of the company. DyStar is optimistic that all six targets are achievable by 2020.
As part of DyStar’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.