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PT Inocycle Technology Group Tbk, a clean technology company that manages the recycling of PET and other plastic waste and turning it into Eco friendly Fiber and recycled fabrics, has achieved Planet Mark certification.
This is the company’s first year of business carbon footprint reporting and certification to The Planet Mark. This year’s footprint includes emissions from electricity, gas and water consumption from its 5 manufacturing plants: Mojokerto, Karanganyar, Tangerang, Salatiga and Palembang.
“I welcome PT Inocycle to Planet Mark with open arms. The company has huge goals and its very purpose will have a tremendous impact on the environment in its region. Combined with the company’s willingness to improve its own sustainability performance, I am sure this will lead to even greater successes. I look forward to seeing the progress made and working with Inocycle more in the future.”
First year certification is based on the commitment to continuous improvement in sustainability within its business operations by measuring and reducing its carbon footprint and engaging its stakeholders. PT Inocycle set a target to reduce emissions by 2.5% annually for the coming years.
PT Inocycle’s total carbon footprint in the year ending December 2019 was 20,275.66 tCO2e and the relative carbon footprint was 0.0005 tCO2e per unit of production. Electricity accounts for 75.5% of the total carbon emissions, gas accounts for 24.4% and water for 0.1% of total emissions.
PT Inocycle’s vision is to become the most widely recognised recycled fiber company in the world. The company is currently turning more than 2 billion plastic bottles into resources every year for companies from over 10 countries, in multiple industries including automotive, furnishing, fashion, agriculture and infrastructure.
In 2019 PT Inocycle recycled over 38 million kilograms of PET plastic bottles into Recycled Polyester Staple Fibre for use in mattresses, carpets and interiors for motor vehicles. PT Inocycle is the only company in Indonesia certified to the Global Recycled Standard (GRS) in recycled PET bottles.
Companies operating in the green economy face the added requirements to evidence their own environmental credentials. By achieving the Planet Mark, PT Inocycle is demonstrating that it is not only committed to producing environmentally friendly products but negating any emissions that may be associated with doing so.
As part of the Planet Mark certification, Inocycle has committed to make a year-on-year reduction.