Dhaka, Bangladesh (BBN)– International Finance Corporation (IFC) and VF Corporation are working together to enhance the long-term competitiveness and sustainability of the textile wet processing sector in Bangladesh.
The project will be carried out by IFC’s Bangladesh Partnership for Cleaner Textile (PaCT) programme, an IFC statement said.
VF Corporation joins 12 other brands in the PaCT family bringing the total partner brands to 13.
The programme has contributed to water and energy savings of 14.4 billion liters and 1.23 million MWh per year, respectively, reduced GHG emission by 188,000 tonnes carbon-di-oxide equivalent per year and resource saving worth US$10 million annually in 162 partner factories.
In addition to the PaCT project, VF Corporation is also partnering with IFC in the Vietnam Improvement Project (VIP).
In Bangladesh, IFC is providing both investment and advisory support and working along with other stakeholders, to help the garments sector become globally competitive and safe for its employees.
As part of this move, PaCT will engage with VF Corporation’s supplier factories in three ways- awareness building, basic cleaner production (CP) assessment and in-depth CP assessment.
Major activities will include factory-level advice on basic CP measures, technical assessment of resource efficient textile processing, facilitating implementation through user groups, strengthening corporate water and energy management systems, and investment facilitation in technologies with significant water sustainability benefits.
BBN/SSR/AD
