In a groundbreaking move towards a more sustainable future, King Steel Machinery, has officially announced its commitment to achieving net-zero emissions by 2050. This bold step comes ahead of the much-anticipated 2023 COP28 UAE conference, showcasing the company’s dedication to environmental responsibility.
King Steel quietly made its pledge in 2022, setting the ambitious target of achieving net-zero emissions by 2050. To complement this commitment, the company has also vowed to reduce its carbon footprint by 1% annually. These initiatives reflect King Steel’s proactive stance in addressing climate change and aligning with global efforts to combat environmental challenges.
One notable stride in the journey towards sustainability is King Steel’s participation in the RE 10×10 initiative. This collaborative effort, joined by industry leaders, aims to accelerate the transition to renewable energy. The company’s dedication to sustainability was further recognized when it received the gold award in a 2023 competition organized by the Taiwanese government. The competition assessed and ranked carbon footprint reduction efforts among local brands, highlighting King Steel’s significant contributions.
In 2020, King Steel introduced the NexCell machines, a groundbreaking innovation in shoemaking. These machines are not only capable of producing 100% recyclable elastomers but also utilize recycled materials as inputs. This marks a pivotal shift in the industry, as recycling elastomers traditionally required advanced technological methods due to their complex nature.
The NexCell machines, with their supercritical fluid-foamed elastomer injection solution, have revolutionized the shoemaking process, enabling zero-waste production. The innovation goes beyond footwear, showcasing potential applications across various elastomer-based goods. Additionally, the foam agent used in the process contributes to carbon capturing, actively absorbing CO2 and supporting global climate change mitigation efforts.
Integral to King Steel’s commitment to sustainability are its efforts to embed Environmental, Social, and Governance (ESG) principles throughout its business operations and downstream processes. The company has fully embraced digital transformation, implementing digital-only and paperless processes to reduce its environmental footprint.
To drive these initiatives, King Steel established its Sustainability Centre in 2022, a hub dedicated to advancing the company’s ESG goals. In 2023, the centre has significantly ramped up its activities, securing recent ESG milestones and playing a crucial role in the implementation and oversight of sustainable practices across the organization.
