Dipped Products invest Rs. 1.6 Bn, launches ESG roadmap

Leading export manufacturer of hand protection solutions and member of the Hayleys Group, Dipped Products PLC (DPL), announced the launch of its new ESG roadmap ‘DPL Pulse’.

DPL has set forth plans to invest Rs. 1.6 billion in solar energy spanning all six manufacturing locations, with five based in Sri Lanka and one in Thailand. Additionally, DPL is committed to achieving a zero landfill goal as part of its ongoing efforts.

As a result of DPL’s proactive approach in adopting renewable energy sources, 93% of its energy needs are currently met by biomass and other renewable sources.

‘DPL Pulse’ builds on the environmental and social consciousness already rooted within the organisation and aligns with the Hayleys Group’s long-term sustainability aspirations as outlined in the Hayleys Lifecode.

Amid the disconcerting forecast made by UN climate scientists that July 2023 would be the hottest month on record, UN Secretary-General António Guterres declared that “the era of global warming has ended” and “the era of global boiling has arrived.”

Although climate change is evident, to stop the worst, “we must turn a year of burning heat into a year of burning ambition,” he stated in a recent UN report.

At the company’s launch to its employees, DPL Managing Director Pushpika Janadheera said, “As an industry pioneer in sustainability, DPL Pulse formalises our efforts and initiatives with purpose and direction. This commitment comes at a critical time, with escalating impacts of global climate change and widening socio-economic disparities.”.

DPL Pulse is built on the four key pillars of Planet, People, Products and Partnerships which ensure a holistic focus across the value chain.

The recently established sports glove complex demonstrates the company’s environmental dedication. Striving for Platinum LEED certification, the facility is powered by 325 kWp solar rooftop panels and a rainwater harvesting system with a capacity to serve 50% of its domestic usage in the rainy season.

DPL is targeting 30% sustainable water sourcing and 55% reuse of treated wastewater through its 2030 Roadmap.

Strengthening its competitive advantage in niche export markets, DPL aims to ensure that a minimum of 10% of its product portfolio is eco-rated and will increase the use of recycled raw materials in its manufacturing process by at least 30%.

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