The Bangladesh Bank will formulate a separate risk management guideline for the textile sector aiming to get most green outputs necessary to be competitive in the global market. The bank has already given an environment risk management guideline for the financial sector and would give a separate sector-specific risk management guideline for the textile sector.

The guideline is aimed at making the textile sector socially responsible, induce it to adopt green practices, make the production process sustainable and avoid water and energy waste. It urges business to adopt a broader, societal view while pursuing profit.

The corporate sector is being induced to invest in green practices as this will give it a long-lasting competitive edge in terms of wages, ethical business and being responsive to laborers. The tax implication of CSR expenditure implies that money should be spent in a transparent way.

Bangladesh’s textile sector contributes 80 per cent to the country's export and 30 per cent to the GDP. It is becoming the lifeline of the country and most banks have been investing in this sector. Some 52 per cent of corporate boards in the world address corporate sustainability and 65 per cent of CEOs have developed policies and strategies for a more sustainable operation.