Crystal International Group Limited (Hong Kong) has reached new heights in ESG ratings, leading the transition to a more sustainable fashion industry. The Group has earned a spot on the “A List” (leadership level) in CDP and maintained “Low risk” level in Sustainalytics by further pushing it down.
Recognised on “A” List of CDP Climate Change first-ever
Crystal International has accelerated climate change transparency. By disclosing climate change data and practices through the 2023 CDP reporting cycle, the Group has been ranked on the “A List” (leadership level), for the leadership in climate transition, inventory management, and performance. Among record-breaking 23,000 participating companies globally from different industries, the Group is recognised as being in the top 1.5% attaining an “A” score for the first time. The “A” score is an exceptional recognition of Crystal’s climate efforts at all levels, signifying the quality and data completeness of environmental management. Fully aligned with Task Force on Climate-related Financial Disclosures (TCFD) framework, CDP assesses the companies based on the comprehensiveness of disclosure, awareness and management of environmental risks, and demonstration of best practices associated with environmental stewardship.
“Transparency is essential to analysing environmental actions, managing risk and uncovering opportunities. Our efforts never end, and we feel motivated to accelerate our pace.”
– Catherine Chiu, Vice President of Global Sustainability
Achieved “Low risk” ranking in Sustainalytics
In addition, the Group further lowered ESG risk level, from the solid basis of 15.3 to 14.9, maintain the “Low risk” ranking in Sustainalytics. “Low risk” level exemplifies the effective ESG risk governance and the Group’s environmental and social risk management throughout the daily operations. The risk ranking of 14.9 outperforms that of industry average and enables the company to ascend to the 43rd position out of more than 200 peers in the textile and apparel industry.
“We are all thrilled to have attained outstanding performance from two prestigious ESG ratings. This is a major step and breakthrough in our ESG disclosures. Transparency is essential to analysing environmental actions, managing risk and uncovering opportunities. Our efforts never end, and we feel motivated to accelerate our pace,” said Catherine Chiu, Vice President of Global Sustainability at Crystal International.
Carbon reduction remains at the forefront of Crystal’s sustainability agenda. Crystal International has committed to reaching net zero by 2050, and reducing 35% aggregate carbon emissions by 2030. The Group’s net zero strategy has been integrated into the daily operations to make a concerted effort to achieve low-carbon manufacturing and the long-term goals. This strategy includes expanding renewable energy, enhancing productivity and energy efficiency, and adopting green technologies.
Driven by a sense of purpose to positively impact the planet, Crystal International will delve deeper to raise the bar of environmental excellence by taking sustainable fashion to the next level.
