HSBC and IUCN launch “A Road Map to a Greener Apparel Sector in Sri Lanka”
The report is a result of a first of its kind study conducted over one and a half years and contains key findings and recommendations for a low carbon transition. The Joint Apparel Associations Forum, Sri Lanka Banks’ Association, the Board of Investment Sri Lanka and the National Cleaner Production Centre supported the project as strategic partnership.
Mark Prothero, CEO HSBC Sri Lanka and Maldives: “The contribution from the apparel sector to the country’s GDP is quite substantial. 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.”
Dr Ananda Mallawatantri, Country Representative, International Union for Conservation of Nature: “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. Supported by the Government consistent policy commitment, high level of compliance by the industry and extensive stakeholder coordination the Sri Lanka apparel sector could meet these challenges and be competitive. In doing so the benefits would extend to other economic sectors too by raising the environmentally friendly image of the country.”
M P T Cooray, Secretary General, Joint Apparel Associations Forum: Sri Lanka Apparel consciously engaged in the practices, showcasing a responsible and sustainable sourcing destination and prided itself on ethical manufacturing. The ICUN research supported by HSBC “A Roadmap for a Greener Apparel Sector” will further enlighten us in taking forward this agenda. The SME companies, in particular will be the beneficiary of the findings when those thoughts could be converted to a bankable proposal.
