Press Release | Axelum Resources Corp. | October 10, 2022
Axelum strengthens ESG performance
Reinforces long-term commitment to sustainability
Axelum Resources Corp. (PSE: AXLM), the country’s leading fully-integrated manufacturer, exporter and retailer of globally in-demand consumer food essentials, primarily best-in-class premium coconut products, has made significant inroads towards climate change resiliency.
Last year, Axelum managed to reduce direct greenhouse gas emissions by up to 19% from manufacturing operations, mainly driven by efficient diesel consumption. Greenhouse gases trap heat in the atmosphere resulting to a shift in temperature of the Earth’s climate.
Further, Axelum recycled up to 20% of wastewater for other uses including ground watering and sanitation of production areas. Axelum recently upgraded its state-of-the-art wastewater treatment plant to ensure compliance with international effluent standards.
In terms of waste management, Axelum utilized more than 44,000 metric tons of coconut shells as feedstock to fuel industrial boilers that generate culinary-grade steam. Moreover, Axelum repurposed approximately 71% of used Tetra packaging materials into 2,183 pieces of regular-size chipboards, which served as alternative plywood and table dividers, to observe proper physical distancing within plant premises.
To date, Axelum is actively exploring additional renewable energy sources for its Medina Plant, to support peak operating hours and limit dependence on traditional power.
“Our climate action response forms a major part of our evolving 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 us, this is just the beginning of a long-term commitment to advancing sustainable development by integrating its principles deep within the context of our business,” stated Mr. Romeo I. Chan, Chairman and Chief Executive Officer of Axelum Resources Corp.