GLG Corp Ltd has outlined its principal ESG initiatives and risk management strategies in its latest announcement. The company highlights its commitment to anti-bribery and anti-corruption policies, ethical sourcing practices, and climate risk mitigation.
Material actions and disclosures
GLG has implemented several measures to reduce its environmental impact, including a 15% reduction in energy usage since 2017, resulting in over 37,059.2 metric tons of CO2 emission reductions. The company has also installed LED lighting and transparent roofing to reduce reliance on electricity and has initiated a recycling program and 6S waste management system to ensure proper waste disposal.
GLG’s water-saving initiatives include the installation of a reverse osmosis plant to recycle 30% of its wastewater discharge, saving significant amounts of freshwater. The company aims to use 100% recycled material for product packaging and has been active in sustainability since 2016.
Regarding social impact, GLG has a clear Anti Bribery and Anti Corruption Policy and internal controls to protect against risks of bribery and corruption. The company also adheres to the Walmart Sustainability Index and the Sustainable Apparel Coalition’s HIGG Index to meet Walmart’s Project Gigaton sustainability requirements.
Forward commitments
GLG plans to further reduce its carbon emissions by installing renewable energy sources such as solar energy. The company is also committed to managing water supply quantity and quality challenges by implementing additional water-saving measures.
The company’s governance practices include a Code of Conduct that requires directors and employees to act with integrity and compliance with the law. GLG has established a Nomination and Remuneration Committee and an Audit and Risk Committee to manage significant business risks.
GLG Corp Ltd’s announcement provides a comprehensive overview of its current ESG practices and future commitments, reflecting its dedication to sustainable business practices.