Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Good Fashion Fund (GFF) have joined hands to collaborate in taking the apparel and textile industry of Bangladesh a step ahead in the area of environmental sustainability by financing sustainable practices and technologies.
BGMEA and GFF signed a Memorandum of Understanding (MoU) recently to support and strengthen the development and uptake of innovative sustainability solutions and particularly to improve environmental and social sustainability within factories in Bangladesh.
BGMEA President Faruque Hassan and GFF Fund Director Bob Assenberg signed the MoU at a virtual ceremony on behalf of their respective organizations.
BGMEA Directors Barrister Shehrin Salam Oishee and Md. Mohiuddin Rubel were also present at the agreement signing ceremony.
As per agreement, Good Fashion Fund will provide long term loan in addition to technical and environmental and social expertise to the manufacturers to adopt sustainable production.
Good Fashion Fund (www.goodfashionfund.com) launched in 2019 is initiated by Laudes Foundation and Fashion for Good and managed by Fund Manger FOUNT.