Dhaka, Bangladesh, February 11, 2020—IFC,
a member of the World Bank Group, has developed PaCT
Portal, a web tool to help
calculate resource consumption in the country’s readymade garments industry.
This initiative comes as IFC-led Partnership for Cleaner Textile (PaCT
II) enters its third year with eight partners working together to reduce
the environmental impact of the export-oriented sector.
Bangladesh is the second largest apparel
exporter in the world, next only to China, according to the World Trade
Organization. Apparels account for more than 80 percent of the country’s
exports. The data-driven monitoring software will provide real-time analytics
for readymade garment factories, helping them in their efforts to improve
use of resources, such as water and energy.
“The textile industry in Bangladesh
continues to be a priority for IFC,” said Wendy Werner, IFC Country Manager
for Bangladesh, Bhutan and Nepal. “Through programs like PaCT, we hope
to contribute towards improving sector competitiveness by promoting resource
efficiency through innovative ways and evolving with global trends.”
The portal was launched at the PaCT
annual meet held in Dhaka today, where panel discussions focused on issues
such as low-carbon opportunities in the textile industry. Panelists also
highlighted how emerging consumer behavior and choice are now shaping the
global apparel market.
Supported by Denmark, Australia, and
the Netherlands, PaCT’s multi-stakeholder partnership has already helped
the industry save 25 billion liters of water and 2.5 million megawatt hours
of energy annually. 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.
“This monitoring tool will work as
an analytical information exchange platform to help with users’ decision-making
regarding water and energy consumption. It can play a big role in leading
the industry towards sustainability and achieve results that are right
for the industry, the planet, and our future generation,” said Nishat
Chowdhury, Program Manager for PaCT.
Five textile brands – VF Corp, PUMA,
Levi Strauss & Co, TESCO, and GAP Inc. – have partnered with the PaCT
program. Jeanologia, Radiant Alliance, and EMKAY are the technology providers,
while Bangladesh Garment Manufacturers and Exporters Association (BGMEA)
is the implementing partner.
In a video message, Dr. Rubana Huq,
President of BGMEA, said, “The industry has saved a huge amount of water
and energy through the collaborative partnership with PaCT. We would like
to think and shape tomorrow for the better and we can only do that by being
the best of partners in the days to come.”
IFC—a sister organization of the World
Bank and member of the World Bank Group—is the largest global development
institution focused on the private sector in emerging markets. We work
with more than 2,000 businesses worldwide, using our capital, expertise,
and influence to create markets and opportunities where they are needed
most. In fiscal year 2019, we delivered more than $19 billion in long-term
financing for developing countries, leveraging the power of the private
sector to end extreme poverty and boost shared prosperity. For more information,