In addition to better working conditions, new initiatives in some Bangladeshi garment factories support improved environmental practices. IFC launched one of these programs—Partnership for Cleaner Textile, or PaCT—in 2013. It aims to increase the competitiveness of the Bangladeshi garment sector by working with international buyers and local apparel associations to help suppliers reduce the use of resources such as water and energy. By improving operational efficiency and resource consumption, local suppliers are able to meet standards required by global brands. Many large manufacturers, such as Sharif Zahir’s Ananta Apparels, have boosted their businesses through the program.
The PaCT program also works with financial institutions to help factories access finance. It has established a $200 million Green Transformation Fund, through which the Bangladeshi government supports low-cost financing for the textile industry to purchase new technologies for resource-efficiency upgrades.
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