Crystal International Announces Net Zero 2050 Vision

Hong Kong - Crystal International Group Limited ("Crystal International") has been spearheading sustainability in the garment manufacturing industry. Crystal International started the climate journey in 2007 and began the 5-years Sustainability Targets which is now at its third cycle. Over the last 15 years, Crystal International has been driving the factories and supply chain to decarbonise with a view to helping and revitalising the planet. By virtue of years of efforts, its carbon footprint per product has reduced by 40% since 2007.

To cope with the looming climate threats, Crystal International steps up a long-term commitment - Crystal Net Zero 2050 Vision, in line with the climate science to keep global warming below 1.5oC. The company also sets the interim target of reducing 35% aggregate greenhouse gas emissions by 2030, aligning with a science-based target approach. Crystal International's has submitted its net zero commitment to Science Based Targets initiatives (SBTi).

To achieve this long-term ambition, Crystal International is integrating net zero practices into daily operations and ramping up decarbonisation actions. The company is formulating a net zero strategy and roadmap, including the enhancement of productivity and energy efficiency, augmenting the use of on-site renewable energy, and exploring opportunities for both off-site renewable energy resources and new green technologies. All Crystal factories will have their own carbon reduction target and specifically defined decarbonisation measures required to achieve the climate goals within a clear timetable.

Commenting on the decarbonisation journey, Mr Andrew Lo, Chief Executive Officer of Crystal International, stated, "The challenges are high, but we have an opportunity to save our world by changing the way we work and collaborate. We encourage joint efforts in mitigating climate change and hope more experts, industry peers, and other stakeholders, who share similar climate visions, would join hands with us to establish high ambition in its own areas to support carbon reduction".

Crystal International will be unveiling a sneak peek of its multi-faceted communications next month to signify the commencement of this remarkable milestone and to demonstrate its motivation - including a promotional video and thematic webpage, and different labels and recognition related to net zero that are in progress.

Crystal International will continuously work with the customers, suppliers, and other stakeholders along the supply chain to drive forward the transition to a net zero fashion future.

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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 five product segments, namely Lifestyle wear, Denim, Intimate, Sweater, and Sportswear and outdoor apparel, with leading positions in corresponding categories. Headquartered in Hong Kong, the Group operates a multi-country manufacturing platform, with around 18 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 accumulated knowledge of the fashion market, promptness of service and creative innovation. We strive to produce the right products at the right time and at the right cost which is critical component to the success of our customers' global apparel brands in an ever-changing industry environment. 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.

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

This release was published on openPR.