The IFC, Denmark, the Netherlands, PUMA, and BGEMA have redoubled their efforts to decarbonize Bangladesh's RMG sector

01 November 2021, Mumbai:

The Danish Embassy in Bangladesh, the Kingdom of the Netherlands Embassy in Bangladesh, and PUMA have renewed their commitment to the IFC's Partnership for Cleaner Textile (PaCT II) programme to help Bangladesh's readymade garments (RMG) sector decarbonize.

Bangladesh's RMG industry, which is currently the world's second-largest, needs to recover faster from COVID-19's effects and increase sustainability and global competitiveness.

The Danish government has allocated an additional $3.19 million to RMG sector-wide efforts through the Danish International Development Agency (DANIDA). "The recent UN IPCC report on climate change has urged us once again to take climate action immediately to keep the world average temperature well below 2oC," stated H.E. Danish Ambassador to Bangladesh Winnie Estrup Petersen. The apparel business accounts for around 10% of world emissions."

Through PaCT's advising services, German company PUMA is ramping up its efforts in Bangladesh to decarbonize its supply chain. "At PUMA, we are dedicated to climate action in accordance with the United Nations' Sustainable Development Goals and Science-Based Target Initiative. "We're decreasing our carbon footprint not just in our own operations, but also in our supply chain," said Veronique Rochet, PUMA's Senior Head of Sustainability.

In order to assist Bangladesh to become more sustainable, PaCT also encourages cleaner manufacturing and green growth in the RMG sector, she stated.

At the signing ceremony, Paula Schindeler, Deputy Ambassador of the Kingdom of the Netherlands in Bangladesh, said, "The Netherlands Embassy, a long-standing partner of Bangladesh, is delighted to continue to assist Bangladesh's RMG sector in its sustainability efforts and address efficient resource use through the IFC-PaCT Program."

Because Bangladesh is a key sourcing market for us, the PaCT Program assists our supplier factories in reducing resource consumption and environmental effect, she noted.

PaCT is also extending its activities as a result of a grant arrangement with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to promote the sector's backward connections and product diversification in order to improve exports.

"To become more robust and adapt to altering global demands, the Bangladesh RMG industry must discover new methods to conduct business." At this time, fibre diversity, an online marketplace, and a post-COVID sustainable path for Bangladesh's RMG business are all important study subjects.

Mr. Faruque Hassan, President of the BGMEA, stated, "We are grateful to IFC for their support in conducting this research, which will help the industry shape its strategy."

"IFC's PaCT programme has already achieved impressive results," said Tuyen Nguyen, Asia Regional Lead for Manufacturing Advisory, "618,779 metric tonnes of greenhouse gas avoided per year, which is equivalent to removing 134,572 passenger vehicles from the road annually, and water savings of 27,637,931 cubic meters per year, which is equivalent to meeting the water needs of 1.5 million Bangladeshis per year."

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