Hayleys Fabric commits to SBTi to limit global warming
Hayleys Fabric PLC has become the one of the first textile manufacturer in Sri Lanka and the fourth local manufacturer to add its name to a growing list of major global corporations committing to the Science-Based Targets initiative (SBTi) for reducing Greenhouse Gas (GHG) emissions and limiting global warming at 1.5°C.
Launched in collaboration with CDP Worldwide, World Resources Institute (WRI), World Wide Fund for Nature (WWF) and the United Nations Global Compact (UNGC), the SBTi is a globally recognised commitment that companies make as part of the We Mean Business Coalition’s ‘Take Action’ platform on climate change.
The SBTi specifies how much and how quickly a company needs to reduce its greenhouse gas emissions, in line with the Paris Agreement goals to limit global warming keeping it at 1.5°C and well-below 2°C and is also part of a broader effort to achieve net-zero emissions by 2050.
“While it is essential that each of us takes steps to reduce our carbon footprint, the most urgent concern in the battle against climate change is for corporate entities to take meaningful action. With our commitments to the SBTi, we are proud to officially join together with leading organisations from across the world in mobilising against climate change, and commit ourselves to achieving zero-carbon emissions within the next three decades, if not sooner,” Hayleys Fabric Managing Director/CEO, Rohan Goonetilleke said.