IFC Scales up Textile Water Saving Programme
Published on by Water Network Research, Official research team of The Water Network in Business
The International Finance Corporation's (IFC) China Water Programme to promote industrial water efficiency and water quality by demonstrating the business case for voluntary saving of water, energy 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.
Source: Fibre2Fashion
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