Shanghai, China, June 20, 2017— IFC,
a member of the World Bank Group, and the Natural Resources Defense Council
(NRDC) presented cumulative results of their joint Green Textile City
Initiative today in Shanghai. Launched in partnership with leading
global apparel retailers and fashion brands in 2013, it aimed to scale
up sustainability efforts in large textile clusters in Shaoxing and Guangzhou.
This sector-level initiative was expanded to Suzhou in 2015.
China produces more than half of the world’s textile fabrics with $267
billion in exports in 2016, but this water-and-energy intensive sector
has a large environmental footprint.
The Green Textile City Initiative, under IFC’s China Water Program,
provided sector-level capacity building and technical training for over
100 textile mills in the three textile cities. Half of the trained mills
implemented resource efficiency projects on their own.
In the Greater Suzhou Area alone, 23 textile mills implemented 138 factory
projects last year, saving $8.4 million in water, energy, and chemical
operating costs. These projects had an average payback of 17 months and
collectively saved 4 million cubic meters of water and 30,000 tons of coal
(or its energy equivalent) per year.
The latest results from the Suzhou program further demonstrate that the
Clean by Design best practices can drive significant environmental
improvement and cost savings for apparel and textile supply chains,” said
Kurt Kipka, NRDC Senior Project Manager.
“This joint initiative with NRDC is a good example of how we can leverage
partnerships and expertise of multiple stakeholders to scale up resource
efficiency in manufacturing supply chains,” said Navneet Chadha, IFC Resource
Efficiency Lead for East Asia and Pacific. “A sustainable textile industry
will benefit the private sector while supporting a better environment in
IFC’s China Water Program has been implemented since 2012 to catalyze
industrial water efficiency financing in partnership with the Hungarian
Export-Import Bank, the Netherlands Ministry of Economic Affairs, and the
Netherlands Enterprise Agency RVO.
“We are encouraged to see the strong developmental results this program
has achieved in a difficult market and Hungary is happy to have partnered
with IFC to support sustainable development in China,” said Mr.
Gábor Szőcs, Director for Hungarian Export Import Bank and Private Sector
Liaison Officer for Hungary.
IFC, a member of the World Bank Group, is
the largest global development institution focused on the private sector
in emerging markets. Working with more than 2,000 businesses worldwide,
we use our capital, expertise, and influence to create markets and opportunities
in the toughest areas of the world. In FY16, we delivered a record $19
billion in long-term financing for developing countries, leveraging the
power of the private sector to help end poverty and boost shared prosperity.
For more information, visit www.ifc.org