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For Midasia Group, sustainability is not just about making our operations more viable and agile. We aim to work across our value chain to inculcate the culture of adopting sustainable materials, practices and technologies. We firmly believe that sustainability will be one of the biggest enablers of business growth in the future for the companies that treat it as an opportunity.
This was reaffirmed by our stakeholders during the recently conducted materiality mapping assessment. Midasia Group’s materiality assessment is a systematic process that compiles diverse inside-out and outside-in perspectives from external stakeholders, trend analyses and internal engagement with relevant departments. The assessment involved interaction with our business heads, employees and top management and external stakeholders including customers, investors and vendor partners.
The illustration depicts issues that are most material to Midasia Group. This will guide our sustainability efforts and enable us to effectively utilize our resources so we can contribute towards a sustainable society in the future
Midasia Group is committed to contribute to limiting global temperature increase to well below 2°C, aiming towards 1.5°C, by the end of the century. We are working several initiatives to achieve energy efficiency and are committed to adopt renewable energy in our operations.
Fast fashion is becoming the way of doing business but has daunting environmental and social challenges associated with the fast-paced consumption.We believe fashion comes with responsibility. In line, we are committed to produce products that have lesser environment impact and positive social impact. We are looking for opportunities across the life cycle of our products with focus on minimizing resource consumption and waste from our operations and developing sustainable products.
We have recently re-introduced the ‘Responsible Supply Chain guidelines’ which contain the minimum sustainability standards that our vendors are expected to meet and good practices that may be adopted. These guidelines are instrumental in ensuring that we achieve desired business objectives while making a positive social impact and reduce the overall environmental impact of our operations.
Our first priority is to invest in the latest manufacturing technology sourced from the US and Europe. This improves the efficiency of our supply chain and accomplishes the consistent quality and innovation to market our clients expect.
We introduce a corporate culture that supports the professional development of more than 5,000 employees, as well as in their families and societies, via wide range of educational and healthcare initiatives.
All the new stores are being launched with LED lighting and the conventional lighting are being replaced with LED lighting in the existing stores.
Our merchandisers, quality inspectors and client service agents’ teams are fully trained and the stringent standards of quality control are maintained by them.
All Midasia employees also have an extensive textile and technical background, some with in more of 15 years of industry experience. Our dedicated team has extensive knowledge of the sustainability challenges. They provide the best services to the clients with the requirements of textile industry.
