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
Read more: IFC'S Involvement in textile and garment industry through diverse programs
Practices help textile factories become more resource-efficient
Working with factories seeking to adopt state-ofthe-art sustainable practices
Providing an avenue for promoting sustainable private-sector growth in textile value chain
Catalyzing the use of cleaner energy in textile production processes
Providing financing to global apparel and footwear suppliers in sustainable fashion supply chain
Enhancing employment opportunities for women in sustainable fashion industry
