PR87955

XINXIANG, China, Jan. 4, 2021 /PRNewswire=KYODO JBN/ --

Xinxiang Bailu, a global MMCF (Man-Made Cellulosic Fiber) leader, aims to peak

the company's carbon emissions by 2028, two years ahead of the national target

of 2030, the company announced on the 4th February 2021.

https://mma.prnewswire.com/media/1433217/video.mp4

Located in central China, it also plans to reduce 40 percent carbon emissions

by 2035 and reach carbon neutrality by 2055.

"As a leading MMCF producer responding to China's carbon neutral goal, we stand

with global industrial partners to address climate change together," said Mr.

Deshun SONG, General Manager of Xinxiang Bailu.

The target was announced amid China's push for green growth. The Central

government emphasized that realizing carbon neutrality by 2060 and peaking

carbon emissions by 2030 are two important goals of China announced during the

recent 75th session of the UN General Assembly.

To reach that goal, Xinxiang Bailu will carry out a climate action plan to

reduce carbon emissions during production, which will be in line with the Paris

Agreement and Climate Stewardship 2030 of CNTAC (China National Textile and

Apparel Council). The plan also includes conducting regular carbon information

disclosure as a listed company, and developing zero-carbon MMCF product by 2022

to reduce the carbon footprint to customers in the supply chain within support

of CNTAC LCA Working Group.

Commenting on the announcement, Laila PETRIE, CEO of environmental organization

2050, said she was pleased to see more and more Chinese textile companies

joining climate action, and congratulated Xinxiang Bailu for this journey. She

said that producer companies achieving real decarbonization will be an

effective driver of climate transition in the global textile value chain.

ZHANG Zixin, Secretary-General of the CV (Collaboration for Sustainable

Development of Viscose) said, "We are delighted that CV member is getting to be

a leader rather than a follower. Xinxiang Bailu's commitment has demonstrated

an exemplary role for the CV members and even the entire cellulose industry.

"What we learned from the Covid-19 pandemic is that, in the face of a common

crisis, no one can stand alone, our industry can act collectively for the

climate more than when we stand alone." Mr. SONG from Xinxiang Bailu also said.

The company will collaborate with the CNTAC SDG team, the CV and other key

partners, to create a climate action taskforce that ensures Xinxiang Bailu's

future carbon neutrality.

SOURCE: Xinxiang Bailu