The SML 2021 Annual Sustainability Report details the company’s five-year sustainability goals and summarizes the key environmental and social impact milestones achieved since 2018. The goal is a cumulative reduction of 3% each year.
Ignatius KC Lau, Vice Chairman and CEO of SML Group, said: From new developments in renewable energy, introduction of non-solvent-based inks, procurement of recyclable or compostable materials for production, to major item-level RFID solutions, we bring ourselves and our global brand customers. We will go even further to minimize our environmental impact and enhance our social performance. “
In 2020, SML achieved a 180% increase in recycled yarn and a 180% increase in the use of recycled tape compared to the base year 2018. The use of paper certified by the Forest Stewardship Council has increased by 150%.Trees, 57,000 m3 of water, 9,000 MWh of electricity
It also achieved and maintained 91.9% of landfill-free waste and 91.6% of recycled waste for use, and 92.6% of chemicals were procured to comply with the environmental and social values of SML worldwide. The overall reduction was 16%. Water consumption.
SML RFID solutions are an important help in driving sustainability across the industry. Compared to traditional polyethylene terephthalate (PET) RFID labels, the company’s EcoInspire RFID labels have reduced product carbon dioxide emissions by 10-16%. In addition, SML’s item-level RFID solution, Clarity, provides inventory visibility and up to 98% inventory accuracy to enable retailers to make more informed decisions about manufacturing. Understanding proper and accurate inventory levels can significantly reduce the levels of unwanted material resources, transportation emissions, and landfill waste for retailers and manufacturers.
In this report, in addition to the five-year sustainability goal, SML progress on a wider range of corporate social programs, including COVID-19 response strategies, occupational health and safety initiatives, diversity benchmarks, and ethical business practices. It also explains the situation in detail. In 2020, SML recorded an excellent total recordable incident rate of 0.52 as part of its initiative to maintain the highest standards of compliance with safe working conditions and ethical trading policies.
Lau further said: “The future of the more eco-forward industry is firmly in our hands. In releasing this report, SML is responsible for global brands as they embark on or accelerate their own sustainable journey. We are proud to be a transparent partner. We are proud of our progress and will continue to appreciate new solutions, materials and processes that will drive a better future for the industry as a whole. “
The fashion industry accounts for up to 1.5% of world GDP and plays an important role in the economy, but it also produces an estimated 8% of global carbon dioxide emissions, which is nearly the same, according to the United Nations Environment Program. Increases by 50%. Percentage by 2030 without proper intervention.
Fiber2Fashion News Desk (SV)
In 2020, SML Group, a trusted and agile partner for comprehensive item-level RFID and brand identification solutions in the new era of retail, will reduce overall energy consumption by 30% and reduce CO2 greenhouse gas emissions. We reduced it by 20% and exceeded our target. According to the Sustainability Report, the cumulative reduction is 3% each year.
SML in Hong Kong has reduced energy consumption by 30% and CO2 emissions by 20%.
Source link SML in Hong Kong has reduced energy consumption by 30% and CO2 emissions by 20%.