- Global economic contraction due to inflation, interest rate hikes, and geopolitical conflicts.
- Decline in global textile exports due to brand customer inventory adjustments.
- Weak economies of European and American countries.
- High prices for staple foods and raw materials.
- Decreasing number of domestic textile workers.
Shinkong Textile Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Shinkong Textile Co., Ltd. disclosed greenhouse gas emissions of 18.5K tCO2e/year (Scope 1 and 2). By scope: Scope 1: 2.5K tCO2e/year (2023); Scope 2: 16.0K tCO2e/year (2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
18.5K tCO2e/year (Scope 1 and 2)
2023
Water Usage
48.2K m3/year (2023)
2023
Waste
15.81 tons/year (2023)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.5K tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 16.0K tCO2e/year (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced water consumption by 39.85% in 2023 compared to 2022.
- Reduced carbon intensity by achieving the 2023 target set for 2025 (15% reduction from FY2019).
- Implemented the ISP Zero Waste Recycling Program.
- Obtained ISO 14001 environmental management system certification and Bluesign® Certification, organic content standard (OCs) certification, responsible wool standard (RWS) certification and global recycling standard (GRS) certification.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce carbon intensity by 15% by 2025 (from FY2019).
- Reduce water consumption by 15% by 2025 (from FY2020).
🔭 Long-term
- Achieve net zero carbon emissions by 2050.
🌱 ESG Focus Areas
Environmental ProtectionLabor Management RelationsCorporate GovernanceSustainable DevelopmentEthical Management