Crystal International Moves Forward to a Net Zero Future with Business and IR Excellence
Attach Most Importance to Investors
With an aspiration of being a key representative to the best investor relations practice in Hong Kong, Crystal International Group Limited (“Crystal International” or “the Group”) follows the principle of being transparent and accessible to keep investors abreast of timely corporate information, striving to effectively communicate its proposition, strategies, and business performance to the investment community. The Group goes beyond ensuring effective communicate with investors and maintaining good relationships, feedbacks collected from the market are exchanged with relevant management and directors in order to maintain ongoing commination and facilitate management in making strategic decision.
Increasing Transparency Through Frequent Interactions
Despite the pandemic, Crystal has maintained its resilience and agility in responding to the evolving business environment. Subject to the requirements of Listing Rules and relevant laws, the Group strives to maintains effective mutual communications and builds good relationships with investing community, thereby maintaining a high level of corporate transparency.
CEO and CFO of the Group is proactive in attending investor relations activities such as investor briefings and post-results NDRs. During the meetings, the management actively exchange ideas with participants and respond to their questions. Investor relations team actively organized and participated in various investor relations activities. These activities included attending investment forums and conferences, inviting investment community to site visits and tours to factories, conducting regular update calls and meetings with shareholders, potential shareholders and research analysts.
Manufacturing Excellence to Achieve Industry 4.0
Management effort was particularly concentrated this year on delivering the plans to achieve holistic digital transformation, the efforts shall take the Group closer to achieving its goal of being industry 4.0 compliant. The Group have launched a smart warehouse which supports round-the-clock operations that can operate 24 hours a day and 7 days a week in one of its factories in Vietnam. The warehouse will help increase 100% of its storage while reducing 50% of manpower. It also allows a better track of the fabrics and inventories storage to enhance productivity. At the same time, the Group has been upgrading internal systems to help pursue in further simplification, standardization and digitalization of administrative, financial and operational methods, systems and policies.
Dedicated Role in Transitioning to Net Zero Operations
Crystal International has been implementing sustainability measures since 2007 and in 2021 it went further by committing to net zero emissions by 2050 in order to play part to combat climate change and to keep global warming below 1.5oC. Headed by the Board, the Net Zero 2050 vision has become one of the critical parts of its corporate strategy.
To achieve this long-term ambition, the Group is committed to integrating net zero practices into daily operations and ramp up decarbonisation actions. The Group is formulating a net zero strategy, including the enhancement of productivity and energy efficiency, expanding the use of on-site renewable energy and exploring opportunities for both off-site renewable resources and advanced green technologies.
To develop and deploy the net zero strategy towards 2050 vision, a team of professional consultant has been engaged to develop a detailed roadmap, so that each of the factories can have their own carbon reduction target and specifically defined decarbonisation measures required to achieve the goals within a clear timetable.
Creates Long-Term Success through Sustainable Development
Crystal International introduced its sustainability framework as early as in 2007, which covers 5 key pillars including Environment Protection, Innovation, Product Integrity, Employee Care and Community Engagement. Under the framework, five-year targets for its sustainability development have been formulated. Currently, the Group is advancing its 3rd five-year targets, back by the track record of achieving and exceeding previous five-year targets.
In Crystal International, it is believed that sustainability is an important element for the long-term success of its business and industry. As a global leader in apparel manufacturing industry, the Group is committed to operate the business in a sustainable manner and taking sustainable fashion to the next level. While striving for business excellence, the Group also focus on implementing environmentally conscious practices to create a positive impact on the world. Sustainability is in the DNA of its corporate culture.
