CEO Morning Brief

Hartalega Discloses Carbon Footprint of Glove Products

edgeinvest
Publish date: Fri, 07 Jun 2024, 10:42 AM
edgeinvest
0 23,336
TheEdge CEO Morning Brief
Hartalega Holdings Bhd general manager (strategy, sustainability & corporate management) Chyselle Oh Hui Chee (centre, right) receiving the Life Cycle Assessment verification from TÜV SÜD Malaysia with manager of sustainability Chuah Li-Mor with TÜV SÜD Malaysia general manager Emre Büyükkalfa (eighth from right) looking on, flanked by teams from Hartalega and TÜV SÜD Malaysia.

KUALA LUMPUR (June 6): Hartalega Holdings Bhd (KL:HARTA) has released the results of its inaugural life cycle assessment (LCA) study on the carbon footprint of three of its key glove products, namely the BDG Nitrile Biodegradable Glove, Standard Nitrile Glove, and COATS Colloidal Oatmeal Coated Glove.

In a statement on Thursday, the glove maker said it is the first glove manufacturer in the industry to publicly disclose the critically reviewed carbon footprint data for its products, reflecting the group’s commitment to driving environmental, social and governance (ESG) practices and achieving greater transparency in sustainable glove production.

Utilising data from the July 2021 to June 2022 period, the LCA study followed international ISO 14040 and ISO 14044 standards, covering the life cycle from raw material acquisition to the production of finished gloves leaving Hartalega’s factories.

The LCA study found that the carbon footprint for the key products were as follows:

Product

Emissions (kg CO2equivalent per piece)

Standard Nitrile Glove 3.2g

0.034073

COATS® Colloidal Oatmeal Coated Glove 3.2g

0.034078

BDGTM Biodegradable Glove 3.5g

0.034073

Hartalega chief executive officer Kuan Mun Leong said that as a responsible glove manufacturer, the company has an obligation to minimise environmental impact.

“In line with our commitment to ESG, transparency about our carbon emissions is vital for driving improvements and accelerating our sustainability initiatives.

“The life cycle assessment provides a baseline for us to identify further opportunities to reduce emissions and improve resource efficiency across our operations and supply chain,” he said.

At the time of writing, Hartalega rose 1.56% or five sen to RM3.25 with 2.32 million shares traded, valuing the company at RM11.1 billion.

Source: TheEdge - 7 Jun 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment