MIDAS SAFETY PUBLISHES ITS SUSTAINABILITY REPORT FOR 2023
GRI report documents progress in the company’s achievements and commitment to its economic, environmental and social impacts.
Toronto, Canada, 29 April 2024 — Midas Safety, a leading manufacturer of protective gloves and clothing, has published its 2023 Sustainability Report – Making Safety Sustainable, documenting progress toward its long-term sustainability goals in 2023. The report details how the company has reduced its consumption of power and water, reduced waste, minimized plastic packaging, and increased inclusion.
Midas Safety is proud to have reduced its overall greenhouse gas (GHG) emissions by 19% so far, amounting to 64,215 tons of CO2e. Other achievements include reducing water withdrawal by 34%, equivalent to 1,002 million litres, significantly exceeding the target of 20%, reducing energy consumption by 15%, reducing waste generated by 14%, and cutting the use of plastic in packaging by half.
In addition, the company has invested heavily in employee development, with an average of 21.88 training hours per employee, totaling 225,588 training hours. This investment aligns with the target of enhancing employee knowledge and promoting a culture of continuous learning and growth. Furthermore, the representation of women in management roles has surged to 19%, surpassing the target of 15%, demonstrating the company’s commitment to diversity and inclusivity.
In 2022, Midas Safety began taking steps to create a better future by investing in communities, diversity, empowerment, and climate action projects like solar, wind, and biomass energy sources. The company began rolling out new sustainable products, providing customers with options that can help them achieve their own sustainability goals.
The company continues to work toward long-term sustainability and inclusivity goals. Last year, Midas Safety contracted for 3.5 MW of solar energy generation that will be commissioned in 2024. The company is also in a continuous process of acquiring new energy-saving technologies and equipment. These and other measures are expected to help continue reducing energy consumption and further minimize the company’s GHG footprint.
“At Midas Safety, we believe that Business should not cost us the Earth, and we remain committed to minimizing the impact of our business operations on the planet, from the energy we consume to the resources and materials we use in our manufacturing processes. We will continue to strive every year to achieve better results and to leave a lasting legacy to future generations,” said Asif Malik, CEO, Midas Safety.
“Midas Safety’s sustainability agenda is based on Engagement, Integration and Performance. To further the cause of sustainability in all that we do, we are engaging with our customers and partners, integrating sustainable thinking into our culture and decision-making processes as well as setting clear goals and driving performance improvement,” said Syed Noorul Ibad, Global Head of Sustainability, Strategy and Business Excellence, Midas Safety.
The company published its results in its third annual sustainability report, “Making Safety Sustainable 2023.” The document conforms to recommendations from the Global Reporting Initiative (GRI). Midas Safety’s data-driven approach has made it possible to measure, benchmark, and set targets for furthering its sustainability drive.
To find out more about Midas Safety’s sustainability efforts, download Making Safety Sustainable – Sustainability Report 2023.
More Information
Since its inception in 1977, Midas Safety has been shielding workers across different industries with private-label and own brand solutions in safety and hand protection. Midas Safety manufactures a diversified range of innovative Personal Protective Equipment (PPE) and technical yarns/fabrics of which the focus is hand protection. Its quality products empower millions of people to perform their work safely and with confidence. End-to-end manufacturing capabilities enabling product and packaging customization, research and development, innovation and commitment to safety compliances have made Midas Safety a preferred and trusted name globally. Midas Safety has manufacturing locations in Pakistan, Sri Lanka and Bangladesh, as well as sales offices spread across America, Europe, and Asia.
For further information contact:
Midas Safety
Kashif Ali
Director, Product Management
+1 416 832 4212
Publitek
Danielle Burness
Senior Account Manager
+44 (0) 7581024101