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Eco Spindles shines at global IFS Change for Good Sustainability Award

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IFS, a renowned international cloud enterprise solutions provider, introduced the IFS Change for Good Sustainability Awards in July ‘21. The annual awards hope to highlight the outstanding work by IFS clientsto make their businesses more sustainable while encouraging others to do the same.

The submissions were judged by a panel of experts, which comprised of Lewis Pugh, the United Nations Patron of the Oceans and IFS’ new sustainability ambassador, Michelle Lancaster, Director Sustainability at Microsoft and Jacqueline de Rojas, President at techUK, business advisor and advocate for diversity and inclusion.

Eco Spindles, won the ‘Most Innovative Solution for Sustainability’ as the award honoured their multi-faceted innovation initiatives that met several goals in areas such as social responsibility, sustainability and environmental stewardship.

Understanding that Sri Lanka has ahighly mismanaged plastic waste issue, Eco Spindles realized that recycling is the best solution for most plastic waste discarded. The company’s desire to provide global solutions to the clothing industry is noteworthy as some 50% of the world’s clothing is manufactured using polyester and, according to Greenpeace organization predictions, this will double by 2030.

The company recycles approximately 60,000 kgs of PET waste a month into high-quality yarn that can be transformed into cloth or fabric by knitting or weaving.One of the most sustainable solutions globally in the current apparel/textile industry is manufacturing polyester yarn from recycled PET bottles. An expert from the panel of judges noted, “Eco Spindles has created thousands of livelihoods for their local communities”. “I love that sort of cycle of life. So many lives are being transformed because the communities are benefiting from that new way of recycling plastics and synthetic thread”.

BPPL Holdings PLC Managing Director and Chief Executive Officer, Dr. Anush Amarasinghe, stated, “we are thankful to IFS for this award as it serves as a reminder of the responsibility undertaken to find effective and permanent solutions to help preserve the natural environment.”

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