Leading specialty chemical business DyStar from Singapore has revealed that it has reduced its environmental impact in terms of greenhouse gas (GHG) emission intensity and wastewater production intensity by more than 30%, compared to the baseline year 2011. One of the top suppliers and manufacturers in the globe, its business methods have produced notable advancements toward its 2025 goals and shown to be effective.
More specifically, with a total GHG emission of 56.91 thousand tCO2e, DyStar’s Scope 1 and Scope 2 GHG emissions intensity was 45% lower (tCO2e per ton production) than the baseline year 2011. Additionally, this is 9% less than fiscal (FY) 2021. According to DyStar’s 13th annual Integrated Sustainability Report, the company reduced wastewater production intensity by 24% from FY 2021 and by 52% from baseline year 2011, respectively.
When compared to FY 2021, there were additional noteworthy improvements. The outcomes of improving production efficiency and streamlining manufacturing indirectly helped to lower operating expenses by 5.8%. In addition to ensuring quality suppliers through internal audit, DyStar was recognized for its work with the Institute of Public & Environmental Affairs (IPE) on environmental performance and climate impacts and placed second among its industry on the IPE’s Green Supply Chain Corporate Information Transparency Index (CITI).
The cutting-edge Cadira modules keep supporting the supply chain while leaving a lower carbon footprint. A proprietary LMS called DyStar University (DSU) has officially launched, supporting staff learning and growth on a global scale.
The globally varied workforce of DyStar organized a range of initiatives and events in support of the world community and contributed a total of $128,946 to various CSR initiatives.
These numbers further illustrated the success of DyStar’s strategies that were put in place throughout the reporting year, despite the severe economic headwinds. DyStar continues to have a cautiously positive yet upbeat outlook on its overall performance.
“The study amply demonstrates DyStar’s persistent commitment to sustainability, reiterating its position as a producer and provider of cutting-edge solutions in this area. According to Xu Yalin, managing director and president of DyStar Group, “DyStar’s value-creation model will continue to support our stakeholders, including brands and retailers, direct customers, and producers in their pursuit of a sustainable quality product that can help them save valuable resources and be compliant with climate impact standards.”
The new GRI Standards 2021: Core Options are used to create the sustainability report. According to the statement, DyStar is dedicated to providing the concrete values that the group has deliberately built through the six key capitals using the Integrated Reporting (IR) framework, despite the difficult business environment and economic conditions.
