Sri Lanka's largest apparel exporter, Brandix Group, reported that its efforts in the past two years have resulted in an annual carbon footprint reduction by 7% by the end of this March.
The company said it is on the track with the previously announced initiative that aimed to reduce 30% of the company's carbon footprint by 2012.
Brandix Group said investments over the past two years to reduce Greenhouse gas emissions at manufacturing locations across the Group had resulted in a reduction of CO2 or CO2 equivalent gasses by more than 6,000 MT a year as at March 31, 2010, shrinking Brandix's annual carbon footprint by 7%. Further reductions this year would trim the company＊s carbon footprint up to 17% this year-end.
Brandix Director A.J. Johnpillai said that the company invest a further US$2 million (Rs. 230 million) over the next 24 months on measures to improve energy efficiency, switch to renewable energy and promote eco-friendly manufacture to reduce its carbon footprint by nearly a third by March 31, 2012.
"Our passion for and commitment to greening our operations has gathered pace since we commissioned the world's first Platinum-rated Green apparel factory in April 2008," he said. The Brandix Group would qualify to earn US$ 127,000 in Carbon Credits in 2011, under the terms of the Kyoto Protocol. He said Brandix had completed its greenhouse gas inventory in 2008 and calculated its carbon footprint according to the guidelines of the Greenhouse Gas Protocol (WBCSD/WRI) and the Inter governmental Panel on Climate Change (IPCC).
The audit covered more than 85 emission sources at the companies, subsidiaries, Brandix-managed joint ventures and associate companies indicated total CO2 emissions of 86,322 MT per year.
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