Circular economy in Bangladesh’s Apparel Industry (CREATE) project was launched recently to investigate the circular economy transition in global apparel value chains linked with Bangladesh’s apparel industry and develop effective policies with reference to the same.
The inauguration event of the same was held on 6 October and jointly organised by Aalborg University (AAU) Business School, Ahsanullah University of Science and Technology (AUST), School of Business.
Project CREATE, which is said to be the largest research-based policy-development project on circular economy in the garment industry, aims to contribute to climate change mitigation and social as well as economic sustainability in the global fashion industry.
Speaking at the inauguration ceremony, BGMEA President Faruque Hassan, said sustainability is a key strategic priority for the Bangladesh RMG industry where efforts are being made constantly to incorporate circularity into the business models.
“BGMEA has put circularity at the core of its Strategic Vision 2030, where we have pledged to increase sustainable material mix by 50 per cent, in line with SDG 12,” claimed the BGMEA President, while expressing hope the CREATE project will help understand the global value chain, and develop market-based solutions to promote the development of sustainable production and consumption.
