The International Finance Corp., a division of the World Bank, has teamed up with the renowned US apparel firm Gap Inc. in order to improve resource efficiency in the company’s Pakistan operations.
The agreement that is first of its kind in Pakistan textile industry will evaluate the use of resources at the Gap Inc’s supplier factories in the country and help them implement efficiency measures so as to lower the use of water, energy, chemicals as well as other resources. This will further help Gap to improve competitiveness as well as sustainability.
Christina Nicholson, Director, Environmental Impact, Global Sustainability at Gap Inc. mentioned, “Gap Inc. continues to invest in water, energy and resource efficiency programs that improve environmental and business performance. In partnership with IFC, this program will address key impact areas, improve performance and deliver on our environmental impact reduction commitments.”
This agreement is a part of IFC’s global efforts to encourage resource efficiency measures in the private sector which provides savings for the companies, improves the competitiveness globally and significantly reduces environmental impacts.
The Pakistan agreement draws on knowledge and best practices from IFC’s Program for Cleaner Textiles (PaCT) implemented in Bangladesh textile sector in 2017.
Nadeem Siddiqui, Country Manager, IFC Pakistan said, “Reducing the consumption of resources is key to improving efficiency and increasing productivity. We hope to replicate Pact’s success in Pakistan and demonstrate the importance and benefits of such measures in helping to improve sustainability and mitigate climate change.”