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Pic: HOdo Group Chinese apparel brand HOdo recently claimed producing and exporting the country s first batch of clothing certified as carbon neutral, contributing to the creation of a sustainable clothing ecosystem. By exporting the batch of carbon-neutral clothing, HOdo hopes to inspire more apparel companies to make efforts to reduce carbon emissions,” said Zhou Haijiang, board chairman of HOdo Group. The emissions related to the production of the clothing, which includes over 11,000 pairs of swimming trunks exported to the United States, were offset by afforestation activities which help absorb carbon dioxide by generating a forest carbon sink, according to HOdo.
Chinese apparel firm exports carbon-offset clothing
Xinhua
21 Jul 2021, 15:18 GMT+10
NANJING, July 21 (Xinhua) Chinese apparel brand HOdo has said it has produced and exported the country s first batch of clothing certified as carbon neutral, contributing to the creation of a sustainable clothing ecosystem. The carbon emissions related to the production of the clothing, which includes over 11,000 pairs of swimming trunks exported to the United States, were offset by afforestation activities which help absorb carbon dioxide by generating a forest carbon sink, according to HOdo. HOdo Group, the owner of the brand, said it began to artificially cultivate yew trees in east China s Jiangsu Province in 1997 and now has the country s largest yew seedling base, consisting of more than 165 hectares of forest.
2021-07-21 05:00:37 GMT2021-07-21 13:00:37(Beijing Time)
NANJING, July 21 (Xinhua) Chinese apparel brand HOdo has said it has produced and exported the country s first batch of clothing certified as carbon neutral, contributing to the creation of a sustainable clothing ecosystem.
The carbon emissions related to the production of the clothing, which includes over 11,000 pairs of swimming trunks exported to the United States, were offset by afforestation activities which help absorb carbon dioxide by generating a forest carbon sink, according to HOdo.
HOdo Group, the owner of the brand, said it began to artificially cultivate yew trees in east China s Jiangsu Province in 1997 and now has the country s largest yew seedling base, consisting of more than 165 hectares of forest.
Shin Kong Life, one of Taiwan s biggest life insurers, is expected to post a gain of CNY428m ($66.3m) on the disposal of its remaining 25% stake in a loss-making life joint venture in mainland China.
The gain is expected to be booked by the Taiwanese insurer in its financial statements for this year.
Shin Kong Financial Holdings, the parent company of Shin Kong Life, disclosed the news on 29 June.
The board of directors of Shin Kong Life approved the sale of its 312.5m shares (25% equity) in Bejing-based Dingcheng Life.
The deal amounts to CNY462.5m, with the sale price being CNY1.48 per share. The buyer is the Wuxi-headquartered conglomerate Hodo Group. The sale is pending the approval of the CBIRC for it to be completed.
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