Environmentally friendly growth
The growth of Bangladesh’s economy is mainly driven by the textile industry, which employs around 4 million people. To compete successfully, firms must control their costs – while meeting ever stricter requirements for working conditions and environmentally friendly practices defined by international buyers.
A good reputation as a pioneer
Vintage Denim Studio Ltd. exports 100 % of its products. To reduce energy consumption, the company has replaced old washing and drying equipment, making the process 26 % more energy efficient. It obtained a loan from the GCPF partner City Bank Ltd., which has positioned itself as a pioneer in green finance – with the support of a targeted programme in this area financed by the GCPF Technical Assistance Facility.