To bring systemic, positive change to the textile value chain in Bangladesh, IFC’s Partnership for Cleaner Textile (PaCT) program has catalyzed transformative change over the last 10 years, contributing to the sector’s competitiveness and environmental sustainability, International Finance Corporation (IFC) said on Sunday.
Since the inception of the PaCT program in 2013, IFC has worked with over 450 textile factories in Bangladesh, helping them embrace climate-smart practices.
The initiative has substantially reduced fresh-water consumption by 35 billion liters, enough to meet the annual water needs of over 1.9 million people.
It has also curbed 723,617 tons of carbon emissions per year, equal to removing nearly 160,000 cars from the road annually.
An IFC advisory program — supported by the governments of Denmark and the Kingdom of Netherlands — PaCT is spearheaded by IFC and implemented in collaboration with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
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Over the years, PaCT has been working with leading partners, including VF Corp, PUMA, Levi Strauss & Co, and TESCO.
“Let me stress how pleased we are to see that PaCT has become a market leader in both its scale and comprehensiveness of its activities, especially on advisory support for energy efficiency and renewable energy,” said Christian Brix Moller, Ambassador of Denmark to Bangladesh.