In 2024, Lai Yih Footwear disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Lai Yih Footwear disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Energy Consumption | 682,113a | 495,602a | 523,085a | |
Non-Renewable Energy Consumption | 593,989a | 411,127a | 445,248a | |
Renewable Energy Consumption | 88,124a | 84,475a | 77,837a |
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In 2024, Lai Yih Footwear consumed a total of 682,113 Gigajoules of energy across its operations. Of this total, 12.92% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 87.08% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.a
In 2024, Lai Yih Footwear consumed a total of 682,113 Gigajoules of energy, of which 12.92% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Lai Yih Footwear has considerable room to improve its energy sustainability strategy.
Since 2022, Lai Yih Footwear's total energy consumption increased by 30.4%, including a 37.63% increase in 2024, reflecting a sustained rise in overall energy demand.a
Over the same period, the share of renewable energy decreased by 13.18%, with a further 24.2% drop in 2024, highlighting a weakening in renewable energy performance.a
Overall, Lai Yih Footwear is consuming more energy while simultaneously reducing its use of renewable sources, raising concerns about a growing dependency on fossil fuels and the company’s alignment with sustainability goals.