The International Finance Corporation (IFC) has signed an agreement with Gap Inc in Pakistan to boost resource efficiency in its operations and drive sustainability. IFC’s advisory services will assess the use of resources at the brand’s supplier units and help them implement efficient measures to reduce use of water, energy, chemicals and other resources.
This will also help Gap Inc. improve competitiveness and sustainability, according to a press release from IFC, a member of the World Bank Group.
The agreement is part of IFC’s global efforts to promote resource efficiency measures in the private sector, which provides savings for companies, improves competitiveness globally and significantly reduces environmental impacts.
According to a recent IFC study, Pakistan’s textiles sector could save nearly 22 per cent of its energy consumption and boost productivity by implementing cleaner production practices.
The agreement also draws extensively on knowledge and best practice from IFC’s Program for Cleaner Textiles (PaCT), which was successfully implemented in Bangladesh’s textile sector in 2017 and has helped cut its water consumption and greenhouse gas emissions. (DS)