THE HIRDARAMANI GROUP ACHIEVES YET ANOTHER MILESTONE IN SUSTAINABILITY BY QUANTIFYING THE GROUP'S GHG EMISSIONS FROM ENERGY TO A "NET-ZERO STATUS".

May 13th, 2019, The Hirdaramani Group announced that greenhouse gas (GHG) emissions from energy use of its Sri Lankan apparel vertical has reached a net-zero status. This quantification using ISO 14064 standards was externally validated; considering overall emission reductions stemming from investments in renewable energy, and the actual emissions from energy use in their apparel manufacturing operations in Sri Lanka.

ISO 14064 1 & 2 standards specify principles and requirements at organization and project levels for quantification and reporting of (GHG) emissions and removals.

As the first stage of this processes, Hirdaramani engaged the Carbon Consulting Company (CCC) - Southeast Asia's leading provider of carbon management services - to conduct a GHG assessment of the groups' Scope 1 and Scope 2 emissions as they apply to the Apparel Sector and Renewable Energy Sector respectively.

CCC calculated the overall environmental impact of the group's 19 factories spread across Sri Lanka at an individual factory level. Separately, they conducted an assessment of three Wind Power Plants located in the Puttalam district generating 29.7 MW of energy. The projects are jointly owned by the Hirdaramani Group and the Akbar Brothers Group under the JV Company WindForce (Pvt) Ltd.

Following the detailed assessment by CCC, the Hirdaramani Group submitted both the factory emissions and renewable energy projects for verification and validation by The Sustainable Future Group (SFG), who specialise in verification and certification services for ISO 14064.

The group's 19 factories were assessed under the ISO 14064 - 1 standard quantifying the emissions from sources owned and operated by each of the factories. SFG also assessed the group's wind power projects (Seguwantivu - 9.6 MW, Vidatamunai - 9.6 MW and Daily Life Renewable Energy - 10.5 MW) under the ISO 14064 - 2 standard by verifying the GHG emission reductions created by these.

Based on the detailed calculations conducted by CCC and these quantified figures being verified by SFG, the Hirdaramani Group can conclusively state that they have reached a Net-Zero status for emissions from energy.

"At Hirdaramani we have a very ambitious sustainability strategy, linked to the UN Sustainable Development Goals, that has a clear, effective and actionable framework to deliver real results. Climate change is a major global challenge that we all need to address and thus we are proud to have achieved this milestone in our on-going sustainable journey.," said Nikhil Hirdaramani, Director, Hirdaramani Group.

He further acknowledged the associates of Hirdaramani stating that this achievement was a result of their passion and keen interest to protect the planet for future generations, reducing emissions and waste being one of the primary targets that drive them