DyStar on track to meet 2025 targets
Chemicals company DyStar has achieved a 67% decrease in Scope 1 and 2 (manufacturing) emissions for FY 2023/24 from 2011’s baseline and a 26% decrease compared with its financial year 2022.
Scope 3 accounted for 8.2% of DyStar’s total emissions profile, with over 80% primarily stemming from the transportation of goods and services, as reported in its latest Integrated Sustainability Report.
During the year, the group increased its use of renewable energy by 20% and implemented several energy conservation initiatives.
Wastewater discharge was reduced by 37%, improving the intensity level to 8.04 m³ per ton of production compared to 8.71 m³ per ton the previous year. This improvement is also partially due to some of the sites operating under a Zero Liquid Discharge Scheme mandated by local authorities.
Key highlights of 2023 include a new range of bio-based DyStar products, dyes and auxiliaries containing renewable feedstock, as well as the Eco-Advanced Indigo Dyeing process; recognition by China’s Institute of Public & Environmental Affairs (IPE) and achieving second place on IPE’s Green Supply Chain Corporate Information Transparency Index.
In the report, chief commercial officer Eric Hopmann concedes the market remains volatile for textiles dyes due to factors including high energy costs and high interest rates, which lowered revenues and led to some of the decreases, but that the group’s sustainability efforts were making “significant progress”.
Xu Yalin, president of DyStar Group, said: “In FY2023, DyStar capitalised on growth momentum and embraced strategic changes. We are pleased to report, DyStar is on track to meet our 2025 targets. Today, DyStar remains committed to enhancing our environmental performance and seeking innovative solutions to address future challenges, thereby creating long-term value for all our stakeholders and the global supply chain.”
The report can be read on DyStar’s website.
