HSBC, IUCN launch study report for greener apparel sector in Sri Lanka

02 Jul '21

2 min read

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HSBC and Switzerland-based International Union for Conservation of Nature (IUCN) recently launched ‘A road map to a greener apparel sector in Sri Lanka’, the report of a study conducted over one-and-a-half years and containing key findings and recommendations for a low carbon transition.

It was supported by the Joint Apparel Associations Forum (JAAF), Sri Lanka Banks’ Association, the Board of Investment Sri Lanka and the National Cleaner Production Centre.

“Our intention with this project was to formulate a common strategy for a greener apparel industry which would benefit the environment, the community and the local economy. We wanted to make available a cohesive strategic guidance and fact-based knowledge for everyone. Putting this into action is a national effort and we hope it will be put into action through fruitful and strategic collaborations,” HSBC Sri Lanka and Maldives chief executive officer Mark Prothero said.

“The long-term sustainability of the apparel sector, especially in the post-COVID-19 era, requires a transformational change to meet the demands by the global brands to reduce energy, water and chemical footprints. Essential changes are in the areas of renewable energy, zero-discharges, science-based targets, circularity, and sustainable financing,” IUCN country representative Ananda Mallawatantri was quoted as saying by media reports in the country.

JAAF secretary general MPT Cooray said the study will further enlighten Sri Lankans in taking forward this agenda and small and medium enterprises, in particular, will benefit.

Fibre2Fashion News Desk (DS)