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IFC programme helps Chinese textile industry save water
13
Aug '15
The International Finance Corporation's (IFC) China Water Programme in 2013 to promote industrial water efficiency and water quality by demonstrating the business case for voluntary saving of water, energy, and chemicals has shown impressive results, it said on its website.

The 50 demonstration projects developed as part of the programme saved 9 million tonne water and avoided 110,000 tonne of greenhouse gas annually. It also saved $18 million in operating costs annually due to reduced resource use and facilitated over $50 million in capital investment. Suppliers of global brands such as Ikea and Primark, as well as domestic companies participated in the programme.

“Unlike similar textile-focused initiatives, our projects go beyond low hanging fruit,” said Rong Chen, IFC Project Leader. “These projects are more difficult to develop and finance, but have greater impact.” The team referred several projects to the Bank of Beijing, which is the first Chinese bank to include a water-efficiency component under a risk-sharing facility with IFC.

IFC is also scaling up the programme by collaborating with stakeholders beyond the textile supply chain. It recently implemented the Green Textile City Initiative together with the Natural Resources Defense Council (NRDC). This sector-level initiative provided capacity building for 100 textile mills in Shaoxing and Guangzhou. Thirty-three of the trained mills went on to develop and implement more than 200 projects on their own with substantial water and energy savings.

“In the future, we plan to work with more brands that see water as a value driver for their business and want to strategically manage this resource beyond immediate factory-level projects,” said Navneet Chadha, IFC Principal Operations Officer. “Collective industry action is necessary to make water management interventions really sustainable and lead to market transformation.”

IFC China Water Programme is delivered in partnership with the Netherlands Ministry of Economic Affairs, the Netherlands Enterprise Agency RVO, and the Hungarian Export-Import Bank. (SH)

Fibre2Fashion News Desk – India

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