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IFC to invest $7 million in PaCT’s second phase in Bangladesh

Partnership for Cleaner Textile (PaCT) is a project in Bangladesh that advises garment factories to adopt modern technologies and reduce water and energy consumption. The project has been run since 2013 by the International Finance Corporation (IFC). Now, IFC plans to spend $7 million for implementing the second phase of the program. The first one was implemented in 215 factories at a cost of $11 million.

In its first phase, PaCT helped save 21.6 billion liters of water. It also saved 2.5 million megawatt hours of energy per year. During the second phase, IFC is targeting to save 32 million cubic liters of water annually and 3.8 million megawatt hours of electricity in 250 weaving, spinning, wet dyeing and finishing factories. It also aims at annually reducing greenhouse gas emissions, wastewater discharge and chemical use.

The other benefits of the program include better productivity, investments with higher returns and a cleaner environment for the community. Despite having one of the lowest per capita carbon dioxide emissions, Bangladesh has stepped up its environmental sustainability initiatives. At present, Bangladesh has 67 green garment factories and 280 more are in the pipeline. PaCT is the largest textile-based resource efficiency program in the world.

 
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