Singapore – 23 August 2023 – DyStar, a leading specialty chemical company with a heritage of more than a century in product development and innovation is pleased to announce the release of its thirteenth annual Integrated Sustainability Report. The report is prepared in accordance with the updated GRI Standards 2021: Core Options. Despite the challenging business landscape and economic situations, DyStar remains committed to delivering tangible values that the Group has strategically created through the six major capitals, using the Integrated Reporting <IR> framework.
Mr. Xu Yalin, Managing Director and President of DyStar Group said, “The report clearly showcases DyStar's unwavering dedication to sustainability, reaffirming its role as both a manufacturer and supplier of innovative solutions in this field. DyStar’s value-creation model will continue to support our stakeholders, including brands and retailers, direct customers, and producers in their pursuit for a sustainable quality product that can help them save valuable resources as well as being climate-impact compliant.”
DyStar’s business strategies have proven their effectiveness and delivered significant progress toward its 2025 targets. As a leading global manufacturer and supplier, the company has successfully reduced its environmental footprint in Greenhouse Gas Emission intensity and Wastewater production intensity by more than 30%, compared to the baseline year 2011.
More specifically, DyStar’s Scope 1 and Scope 2 Greenhouse Gas (GHG) Emissions intensity was 45% lower (tCO2e per ton production) than the baseline year 2011, with a totaled GHG emission of 56.91 thousand tCO2e. This is also 9% lower when compared to FY2021.
Similarly, for Wastewater production intensity, DyStar achieved a 52% reduction compared to baseline year 2011, and a 24% reduction from FY2021.
Some other key highlights and value-adds include (when compared to FY2021):
Despite the harsh economic headwinds, these figures further demonstrated the effectiveness of DyStar’s initiatives that were installed throughout the reporting year.
DyStar maintains a cautious yet optimistic outlook on its global performance. As we confront the challenges that lie ahead, DyStar firmly believes that maintaining resilience is paramount to successfully navigating the forthcoming turbulence.
The report communicates DyStar’s progress towards its sustainability agenda and material topics. In line with the Group’s environmental sustainability commitment, only an e-magazine and a PDF version will be made available for download from www.dystar.com/sustainability-reports/
About DyStar
DyStar is a leading specialty chemical company with a heritage of more than a century in product development and innovation from the textile industry. Today, the company operates with more than 1700 employees spanning across 50 countries and with 13 production sites, supporting customers from diverse sectors and supply chains with reliable products and solutions.
DyStar is committed to sustainability. Our service supports the supply chain, including brands, retailers and their industry partners, to ensure that they meet stringent quality and ecological specifications in a cost-efficient way and with short lead times.
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