Corporate Sustainability
Making a Positive Impact
Weaving Positive impact into Every Thread: At Palm Fibre, we believe in crafting a brighter future not just through beautiful products, but through responsible practices that benefit both the environment and our communities. Our commitment extends beyond minimizing our footprint by eliminating harmful chemicals and pursuing science-based emissions reduction. We actively participate in initiatives that nurture the world around us, from supporting educational institutions to contributing to environmental cleanup projects. This holistic approach to sustainability reflects our core values, ensuring that every thread woven into our products strengthens the fabric of a brighter tomorrow.Â
Sustainability Strategy & Forward Goals
Zero emissions and increased renewable energy
Our company, which exports coir doormats and rugs, has set ambitious sustainability goals. By 2040, we aim for net-zero GHG emissions and to increase renewable energy to 60%. We're committed to using 30% recycled content in plastic packaging.
Net Zero GHG Emission by 2040
Renewable energy share to increase from 40% to 60%
Increased usage of recycled content in all plastic packaging
Increased use of Recycle materials like newspaper, denim, silk, PET and more.
Efforts to achieve Zero Waste to Landfill.
Environment
Environmental sustainability data
Palm Fibre is taking concrete steps towards a sustainable future. We've committed to eliminating harmful chemicals by joining the ZDHC Roadmap to Zero programme and implementing its guidelines. Additionally, we're pursuing science-based emissions reduction targets through the SBTi's Corporate Net-Zero Standard program. This journey extends beyond our core business. We believe in weaving a brighter future, thread by thread.
Use of natural & sustainable fibre
Water conservation
& save 100,000 ltrs
Rainwater harvesting capacity
Solar energy generated per day
Heat recovery every day
Beyond Profits
As a company, we actively engage in community-based activities to make a positive impact. This includes financial aid to support education for underprivileged children. Furthermore, our contributions extend to helping children by providing books and study materials, empowering them with educational resources for a brighter future. Additionally, we provide safe housing through residential construction, and participate in environmental initiatives like canal cleaning, ensuring cleaner and healthier surroundings for our community. These endeavours reflect our dedication to social responsibility and fostering a thriving and sustainable community.
Click to see our detailed financial summary: FY 2020-21, FY 2021-22, FY 2022-23, FY 2023-24, and CSR.
