"This alliance between UNDP and H&M will play a pivotal role in initiating policy dialogues focused on reducing CO2 emissions, developing climate-responsive power policies, establishing Power Purchase Agreements (PPA), and identifying climate-smart investment opportunities," the UNDP said in a press release.
The collaboration will provide crucial support for promoting the circularity of post-industrial textile waste and implementing measures to conserve, reuse, and recycle water within the industry, it said.
Leyla Erthur, head of sustainability at H&M, and Van Nguyan, deputy resident representative at UNDP Bangladesh, signed a memorandum of understanding (MoU) in this regard on behalf of their respective organisation at the UNDP Dhaka office.
Ziaur Rahman, regional country manager at H&M, was also present among others.
Expressing her excitement about the partnership, Van Nguyan said, "I believe our partnership with H&M will set an example for all relevant actors in the apparel industry of Bangladesh to drive climate action by adopting a whole-of-society engagement approach."
