BGMEA, H&M join hands to cut carbon emission by 30pc

Business Report :
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and H&M Group entered into a deal on Wednesday to attempt a transition towards a circular and climate neutral garment industry in Bangladesh by reducing carbon emissions by 30 per cent.
Helena Helmersson, CEO of the fashion retailer, and Faruque Hassan, president of the BGMEA, inked the memorandum of understanding (MoU) in Dhaka on developing and implementing a strategic roadmap, according to a BGMEA statement.
“We need to collaborate and take joint responsibility of our industry…we will be able to accelerate the well-needed change of the industry and together tackle shared challenges,” said Helmersson.
BGMEA, H&M join hands to cut carbon emission by 30%
“I hope this collaboration will add pace to our journey toward sustainability,” said Hassan.
“This partnership also reflects the strong commitment of Bangladesh’s apparel industry to grow in a sustainable manner to have positive impacts on the industry, the economy and climate,” he said.
Bangladesh produced 169.06 million tonnes of greenhouse gases (GHGs) emission in 2021 and it will be 409.41 million tonnes by 2030, according to data from Nationally Determined Contributions (NDCs) The global fashion industry emitted about 2.1 billion tonnes of GHG, which is equivalent to about 4 per cent of total global GHG emission, said a study by McKinsey in 2018. The fashion industry has to reduce its GHG emissions by 1.1 billion tonnes of carbon equivalent by 2030. Bangladesh’s national contribution to global GHG emission is 0.45 per cent.