Press Release | Axelum Resources Corp. | March 4, 2022
Axelum cuts direct carbon footprint by up to 20% in 2021
Axelum Resources Corp. (PSE: AXLM), the country’s leading fully-integrated manufacturer and exporter of best-in-class premium coconut products, has made significant inroads towards climate change resiliency.
For 2021, Axelum managed to reduce direct greenhouse gas emissions (Scope 1) by up to 20% from its manufacturing operations. Greenhouse gases trap heat in the atmosphere resulting to a shift in temperature of the Earth’s climate. Most common greenhouse gases include carbon dioxide, methane, nitrous oxide and fluorinated gases.
“Our climate action response forms a major part of our inclusive sustainability agenda. Aligned with the goals of the Paris Agreement, we enacted a proactive approach to contribute to mitigating the effects of global warming. For Axelum, this is just the beginning of a long-term commitment to advancing sustainable development for the benefit of the next generation,” stated Mr. Romeo I. Chan, Chairman and Chief Executive Officer of Axelum Resources Corp.
In 2020, Axelum started to measure its greenhouse gas output based on internationally-recognized methodologies and standards adopted by the Department of Environment and Natural Resources.
To attain diesel efficiency, Axelum installed modern equipment to regulate electricity voltage supply and limit dependence on diesel-powered generators. In addition, Axelum enhanced its logistical system by optimizing route planning and hauling schedules of its trucking network.
For 2022, Axelum is finalizing plans to invest in a solar energy facility to be located within its Medina Plant.
“This is reflective of a progressive mindset to deeply integrate the value of sustainability in the context of our business,” added Mr. Chan.