Hirdaramani Annual Report 2024
Hirdaramani Annual Report 2024: A Comprehensive Review of the Company's Performance
Net-Zero Approval: Hirdaramani became the first Sri Lankan organization to have its Net-Zero Science Based Targets approved by the Science Based Targets initiative (SBTi) in 2024. Emission Targets: hirdaramani annual report 2024
Based on the Hirdaramani annual report 2024, we recommend: Hirdaramani Annual Report 2024: A Comprehensive Review of
- Scope 3 Leadership: Map and reduce emissions from purchased raw materials (fabric, trims) by 15%, engaging top 20 suppliers in a science-based target program.
- Autonomous Factory Pilot: Launch a fully “lights-out” sewing module for basic activewear T-shirts using robotic sewing cells.
- Regenerative Sourcing: Source 10% of cotton from regenerative agriculture projects in Tamil Nadu and Andhra Pradesh, paying a premium to verified farmers.
- Renewable Energy: The installation of solar panels at several Hirdaramani facilities, generating over 1 MW of clean energy and reducing carbon emissions by 25%.
- Waste Reduction: A group-wide waste reduction program, resulting in a 30% decrease in waste generation and a significant increase in recycling rates.
- Water Conservation: The implementation of water-saving measures across all operations, leading to a 20% reduction in water consumption.
Challenges and Opportunities
Net-Zero Approval: In 2024, Hirdaramani became the first Sri Lankan organization to have its Net-Zero Science Based Targets approved by the Science Based Targets initiative (SBTi). The group has committed to reducing absolute Scope 1 and 2 emissions by 54.6% by 2033 and achieving a 90% reduction across all scopes by 2050. Scope 3 Leadership: Map and reduce emissions from