Hong Kong’s Epic Group pledges to achieve net zero carbon emissions

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Hong Kong’s Epic Group, a key global player in the apparel industry with state-of-the-art manufacturing in Bangladesh, has signed the Fashion Industry Charter for Climate Action to signal its commitment to achieving net zero carbon emissions in its operations. Central to this Charter is the vision to achieve net-zero Greenhouse Gas (GHG) emissions in the sector no later than 2050.

The charter was signed on August 28, 2022, according to a press release by Epic Group.

Epic Group, a key global player in the apparel industry with state-of-the-art manufacturing in Bangladesh, has signed the Fashion Industry Charter for Climate Action to signal its commitment to achieving net zero carbon emissions in its operations. Central to this Charter is the vision to achieve net-zero GHG emissions in the sector no later than 2050.

In 2018, under the auspices of UN Climate Change, a number of fashion stakeholders identified ways of the textile, apparel, and manufacturing industry to move towards a holistic commitment to climate action. With it, they launched the Fashion Industry Charter for Climate Action at the 24th Conference of Parties (COP24) in Katowice, Poland. The group further supports the ambition of the Paris Agreement in limiting global temperature rise to 1.5° Celsius above pre-industrial levels.

Over the past few years, numerous environmental, social, and corporate governance (ESG) initiatives have taken priority at Epic. With a special focus in using clean energy and driving energy reduction, the group has introduced a series of key strategies which include: Factory improvement programmes with establishment of LEED Certified facilities (including machinery upgrades) that are designed to be low carbon emission operations; introduction of rooftop solar; regular, transparent reporting of our carbon emissions via the Carbon Disclosure Project (CDP) since 2018; multi-stakeholder engagement on decarbonisation with IFC, GIZ, and brand and supply chain partners; and continuous investments enabling energy efficiency and reduction of wastewater and pollutants.

The progress made in previous years of environmental actions set a strong groundwork for success and momentum in 2022 and beyond. By 2021, the group has achieved a 15 per cent intensity reduction compared with the 2017 baseline and will be launching ambitious sustainability strategies and plans in 2023 for the future years.

The Group commits to the following for 2023 and beyond: Reduce scope 1, 2, and 3 carbon emissions by 50 per cent by 2030; report GHG emissions annually in CDP; ambitiously pursue energy efficiency across our operations; secure 100 per cent renewable electricity for operations; source 100 per cent preferred and low impact materials; work with supply chain on decarbonisation; and work with all stakeholders including the UN, governments, financial institutions, and others towards decarbonisation, added the release.

“The world is looking at numerous natural disasters which are supercharged by the climate crisis. How we, as businesses, respond to this global challenge is critical to our prosperity as a civilisation. Epic Group joins the global decarbonisation effort spearheaded by the UN, building on strong foundations we have laid from the beginning of our operations,” said Ranjan Mahtani, Epic Group’s chairman.

Fibre2Fashion News Desk (NB)



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