DyStar Releases 2016 Sustainability Report
The DyStar Group has released its 2016 Sustainability Performance Report. This is the seventh year of reporting for the company that aspires to become the world’s most sustainable and responsible supplier of colours, chemicals and services to the global textile industry. DyStar’s 2016 report is the first of their reports to map the 17 United Nations Sustainable Development Goals (UN SDGs) against the four commitments that continue to define the company’s sustainability framework: Creating Responsible Products and Solutions; Conserving Planetary Resources; Caring for People; and Communicating with Stakeholders
2016 saw the successful acquisition of Emerald Performance Materials LLC, a leading American manufacturer and marketer of specialty chemicals, thus paving the way for DyStar’s long-awaited entry into the food and beverage industry. The company’s product portfolio is broader than ever but their newer product ranges come with the added advantage of being, on average, less resource-intensive to manufacture. This and other factors, including active efforts to improve operational efficiency across existing production sites, have helped the company surpass four of its six 2020 targets, which seek to reduce resource consumption intensities and corresponding waste outputs by 20 % of 2011 levels.
On their traditional turf, the textile and apparel sector, high hopes have been set for the new team of chemists tasked with advancing green chemistry approaches for the industry. When completed, the new Global Innovation Center in Nanjing, China, will host state-of-the-art laboratories dedicated to process technology development and research on next-generation alternatives. On the services front, DyStar’s online tool eliot® is gaining popularity among customers, brands and retailers for the reliability of its modules. Conceived more than a year ago, eliot aims to empower users with the information they need to make responsible choices in product selection and process optimization.
Highlighting DyStar’s increasing focus on cooperation with external stakeholders, the 2016 report features an in-depth interview with Lewis Perkins, President of the Cradle to Cradle Products Innovation Institute, and Annie Gullingsrud, their Director of the Textiles and Apparel Sector. In their Q&A, they address fundamental questions on how the industry can become more circular and offer fascinating insight into opportunities to reduce impact through product design “from the chemistry up”.
The latest report is DyStar’s most candid yet and examines the challenges that its teams tackle each day as the company strives to achieve a new balance between being a responsible supplier and a profitable business in these changing times. Striking a notably more humble tone, the 2016 report transparently addresses past errors and touches on recent efforts to correct internal weaknesses, including the instatement of new safeguards aimed at strengthening due diligence, protecting and empowering whistleblowers, and closing procedural gaps.
To access DyStar’s sustainability reports, visit the company’s website at http://www.dystar.com/sustainability-reports/ . A cornerstone of DyStar’s success will always be communication and collaboration with stakeholders. Readers are invited to reach out with thoughts and suggestions via Sustainability@DyStar.com
Trade in Counterfeit Products and the UK Economy
Fake Goods, Real Losses
The United Kingdom is highly susceptible to the risk of trade in counterfeit goods. This report measures the direct, economic effects of counterfeiting on UK consumers, retail and manufacturing industry and government.
The modern structure of the UK economy is largely based on knowledge, ideas and innovation and its well integrated global value chains. These factors help boost the country’s economic growth, but at the same time they make it highly susceptible to the risk of trade in counterfeit goods. This risk negatively affects UK rights holders, the UK government, and the reputation of UK firms. This report measures the direct, economic effects of counterfeiting on consumers, retail and manufacturing industry and governments in the United Kingdom. It does so from two perspectives: the impact on these three groups of imports of fake products into the UK, and the impact of the global trade in fake products on UK intellectual property rights holders.
The commercially available report can be ordered here