Hayleys Fabric commits to SBTi to limit global warming | Daily News

Hayleys Fabric commits to SBTi to limit global warming

Hayleys Fabric MD/CEO, Rohan Goonetilleke
Hayleys Fabric MD/CEO, Rohan Goonetilleke

Textile manufacturer, Hayleys Fabric PLC, has become the first textile manufacturer in Sri Lanka and the fourth local manufacturer to add its name to a growing list of major global corporations committingto the Science-Based Targets initiative (SBTi) for reducing Greenhouse Gas (GHG) emissions and limiting global warming at 1.5°C.

Launched in collaboration with CDP Worldwide, World Resources Institute (WRI), World Wide Fund for Nature (WWF) and the United Nations Global Compact (UNGC), the SBTi is a globally recognised commitment that companies make as part of the We Mean Business Coalition’s ‘Take Action’ platform on climate change.

The SBTi specifies how much and how quickly a company needs to reduce its greenhouse gas emissions, in line with the Paris Agreement goals to limit global warming keeping it at 1.5°C and well-below 2°C.

“With our commitments to the SBTi, we are proud to officially join together with leading organisations from across the world in mobilising against climate change, and commit ourselves to achieving zero-carbon emissions within the next three decades, if not sooner.

“As a trusted leader in textile production, we view this as an opportunity to enhance our competitive advantage to assist consumers to move towards sustainable brands and help to establish new benchmarks for environmental sustainability among Sri Lankan corporate,” Hayleys Fabric Managing Director/CEO, Rohan Goonetilleke said.

As part of its commitments, the company is also developing polyester yarn from PET bottle waste collected from the shores of Sri Lanka, vastly reducing the production of virgin polyester which has a life span of 20- 200 years.

The company also advocates in support of the ‘reduce, reuse, recycle’ framework and actively encourages employees to collect PET bottles for recycling. In addition to setting up collection bins within factory premises, the company has also conducted awareness programmes to educate employees on plastic pollution.

Employees and customers are also provided with plastic alternatives such as reusable glass water bottles, while reusing plastic tubes for fabric rolls, and switching to cardboard tubes when delivering fabric rolls for export customers.

In this manner, Hayleys Fabric has recycled and reused 109 metric tonnes of polythene over the year, saving a whopping USD 18,069 and reusing77% of plastic tubes in fabric rolls, to save88 metric tonnes in plastic waste.

The company also recycles 25% of its wastewater utilising a state-of-the-art water treatment plant.