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IFC signs agreement with Gap Inc in Pakistan

October 5th, 2018
IFC signs agreement with Gap Inc in Pakistan

IFC, a member of the World Bank Group, has signed an agreement with leading global apparel company, Gap Inc in Pakistan to boost resource efficiency in its operations and drive long-term sustainability. Under the agreement - the first of its kind in Pakistan's textile industry - IFC's advisory services will assess the use of resources at Gap Inc's supplier factories in the country and help them implement efficiency measures to reduce the use of water, energy, chemicals and other resources.

This will also help Gap Inc to improve competitiveness and sustainability, said a press release issued here on Thursday. 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..-PR