The International Finance Corporation (IFC), a member of the World Bank Group, recently launched Partnership for Cleaner Textile (PaCT) Portal, a web tool that it has developed to help calculate resource consumption in Bangladesh’s readymade garments (RMG) industry.
The portal was launched at the annual meet of PaCT held in Dhaka.
This initiative comes in the backdrop of IFC-led PaCT II entering its third year with 8 partners working together to reduce the environmental impact of the export-oriented sector.
Launched in 2018, PaCT II works with 132 factories to adopt state-of-the-art efficiency and reduce water, energy and chemical use to meet global standards.
Supported by Denmark, Australia and the Netherlands, PaCT’s multi-stakeholder partnership has already helped the industry save 25 billion litres of water and 2.5 million megawatt hours of energy annually.
“Through programmes like PaCT, we hope to contribute towards improving sector competitiveness by promoting resource efficiency through innovative ways and evolving with global trends,” maintained IFC Country Manager for Bangladesh, Bhutan and Nepal Wendy Werner at the event, adding that the textile industry of Bangladesh continues to be a priority for IFC.