MIDAS SAFETY PUBLISHES ITS SUSTAINABILITY REPORT FOR 2024

GRI report documents progress in the company’s achievements and commitment to its economic, environmental and social impacts.

Toronto, Canada — 04 June 2025 — Midas Safety, a global leader in protective gloves and PPE solutions, has released its 2024 Sustainability Report, published under the theme “Making Safety Sustainable.” The report outlines year-over-year progress under the Management Framework focused on generating sustainable value across Governance, Social, Environmental, and Economic domains across seven key sustainability pillars: People, Climate, Water, Energy, Waste, Product, and Packaging.

Now in its fourth edition, the GRI-compliant report demonstrates how Midas Safety continues to reduce its environmental footprint, invest in social development, improve operational performance, and engage value chain partners across key geographies across the globe

Highlights

• Carbon Footprint intensity decreased by 14% despite higher production volumes
• Electricity consumption dropped by 19%, outperforming reduction targets
• Water usage optimized through leaching improvements, reuse, and ETP expansion, saving over 22,670 m³
• 2,941 MT of waste diverted from disposal through circularity initiatives
• Packaging plastic usage dropped by 18% through material substitution and light-weighting
• Product innovation delivered eco-aligned designs with lower embedded impact
• Employee training averaged 23.4 hours per worker; women in management at 19%

Key Initiatives and Strategic Enablers

• 67 decarbonization projects implemented across 12 manufacturing sites
• Expanded renewable energy capacity with 6.14 MW of solar PV now operational
• Launched the Climate & Energy Forum, a cross-functional governance model to share performance updates and solutions
• Strengthened supplier engagement through the Midas E.S.N.S.(Essence) platform, facilitating shared learning on carbon footprint, Life Cycle Assessment (LCA), and EU regulations
• Upgraded effluent treatment, introduced smart metering, and improved water-stressed site audits
• Contributed USD 4.4M across 40 CSR partnerships in health, education, and climate resilience

“I am encouraged by the measurable progress we’ve made in 2024 — particularly in reducing our carbon footprint, expanding solar capacity, minimizing plastic use, and exceeding our employee training targets.

Our strategy places strong emphasis on performance, stakeholder engagement, and embedding sustainability into core business processes. While we’ve made meaningful strides, we recognize there is still work to be done. We remain committed to transparency, collaboration, and long-term action.” said Asif Malik, CEO of Midas Safety.

“We’ve built our sustainability roadmap around Engagement, Integration, and Performance,” said Syed Noorul Ibad, Global Head of Sustainability, Strategy & Business Excellence. “That means engaging our stakeholders, embedding sustainable thinking into our processes and clear targets backed by disciplined execution — from customer forums to product design to factory level decarbonization.”

The 2024 report adheres to the Global Reporting Initiative (GRI) framework and integrates key elements of the UN Sustainable Development Goals (SDGs). Midas Safety’s data-driven approach ensures accountability across its global footprint, helping to benchmark, measure, and guide meaningful action.
In parallel with operational improvements, Midas Safety continues to develop sustainable product innovations — including eco-friendly materials, low-carbon glove ranges, and packaging redesigns — enabling customers to meet their own ESG goals without compromising performance or protection.

To find out more about Midas Safety’s sustainability efforts, download the full report – Midas Sustainability Report 2024 or visit https://www.midassafety.com/about-us/sustainability/.

More Information

Since its inception in 1977, Midas Safety has been shielding workers across different industries with private-label and own brand solutions in safety and hand protection. Midas Safety manufactures a diversified range of innovative Personal Protective Equipment (PPE) and technical yarns/fabrics of which the focus is hand protection. Its quality products empower millions of people to perform their work safely and with confidence. End-to-end manufacturing capabilities enabling product and packaging customization, research and development, innovation and commitment to safety compliances have made Midas Safety a preferred and trusted name globally. Midas Safety has manufacturing locations in Pakistan, Sri Lanka and Bangladesh, as well as sales offices spread across America, Europe, and Asia.

For further information contact:

Midas Safety
Kashif Ali
Director, Product Management
+1 416 832 4212
kashif.ali@midassafety.com