World Bank’s International Finance Corporation (IFC) and American brand Levi Strauss & Co have joined hands to make lower interest rates available to suppliers that succeed in meeting the brand's climate commitments. The initiative is a part of IFC and Levi Strauss & Co’s (LS&Co) Partnership for Cleaner Textiles (PaCT) and IFC's Global Trade Supplier Finance (GTSF) program that offers working capital, such as trade financing, at lower rates to suppliers in compliance with environmental and social standards.

IFC and LS&Co launched their global PaCT partnership in 2019 to support participating suppliers and mills to identify and implement actions to improve water and energy efficiency and increase their use of renewable energy.

The program provides in-depth assistance to around 40 LS&Co suppliers across countries including Pakistan, Bangladesh, Sri Lanka, India, Mexico, Turkey, Egypt and Vietnam, while also providing ‘lighter touch’ support to other strategic suppliers that are developing action plans for reducing their carbon footprints.