IFC'S Involvement in textile and garment industry through diverse programs - Support Organizations @ E2Expo
Updated : Dec 2020
In partnership with global brands, supplier factories, industry associations, and governments, the IFC works with factories seeking to adopt state-of-the-art practices and technologies to reduce water, energy, and chemical use in the garment and textile industry. These practices help factories become more competitive by lowering operating costs, increasing their productivity, and reducing their impact on the environment. IFC works with apparel businesses and brands to build their competitiveness while also helping their suppliers to address the environmental and social challenges in the garment sector.
With initiatives on resource efficiency; partnerships, such as Better Work (an IFC–ILO partnership); gender programs; and financial innovations, such as Global Trade Supplier Finance, IFC helps private-sector apparel firms improve sustainability and labor conditions while increasing productivity, creating jobs and supporting economic growth. IFC reports that its resource efficiency programs in Bangladesh, China, Pakistan, and Vietnam have resulted in 685,000 tons of avoided GHG emissions per year