Month: June 2024
Ambassador Whiteley: EU laying foundation for safer, more sustainable, competitive RMG sector in Bangladesh
EU laying foundation for a safer, more sustainable, competitive RMG sector in Bangladesh: Ambassador Whiteley
EU laying foundation for a safer, more sustainable, competitive RMG sector in Bangladesh: Ambassador Whiteley
বাংলাদেশ ব্যাংকের স্টেকহোন্ডার এনগেজমেন্ট ও গ্র্যান্ড চেক ডিস্ট্রিবিউশন সম্পন্ন
‘Talk Show titled ‘Empowering Sustainable Practices: The Role of SREUP in the RMG Sector in Bangladesh on World Environment Day’
On June 5, 2024, Channel i featured a talk show titled “Promoting Sustainability in Bangladesh’s RMG Sector,” organized by the SREUP Project Management Unit of Bangladesh Bank. The program included insights from distinguished guests: Dr. Ainun Nishant, an expert in Water Resource Management and Climate Change; Mr. Moni Shankar Kundu, Director and Project Director of SREUP PMU; and Mr. Jamal Uddin, CEO and Managing Director of IDLC Finance PLC. The discussion, led by Nawshad Mustafa, Director (PSD-3) of Bangladesh Bank, emphasized SREUP’s initiatives in environmental and social enhancements like ETPs, energy-efficient machinery, daycare facilities, and ambulance services, demonstrating their beneficial impact on RMG workers and overall productivity.
Bangladesh Bank Hosts SREUP Stakeholder Engagement & Grant Distribution Event
Bangladesh Bank celebrated the completion of the Stakeholder Engagement & Grant Cheque Distribution Event for the SREUP (Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi Ready-Made Garments Sector) at Utshab Hall, Radisson Blu Dhaka Water Garden. The event gathered key stakeholders to share updates, distribute grants, and discuss sustainable finance in the RMG sector.
SREUP, which provides low-cost loans and incentive grants through financial institutions, aims to enhance environmental and economic sustainability. The project has disbursed significant funds to date. Dr. Md. Kabir Ahmed, Executive Director, Bangladesh Bank, and His Excellency, Mr. Charles Whiteley, Ambassador, Delegation of the European Union to Bangladesh emphasized their commitment to a safer and greener RMG industry.
Notable speakers included Ms. Cécilia Cortese (AFD), Mr. Michael Sumser (KfW), and Nagaraj K (TÜV SÜD). A panel discussion featured experts from the EU, BGMEA, H&M Group, ILO, and City Bank PLC. Ms. Nurun Nahar, Deputy Governor, Bangladesh Bank highlighted the RMG sector’s role in foreign exchange and women’s empowerment. The event concluded with the distribution of investment grant cheques to nine RMG factories and participatory financial institutions, followed by closing remarks from Mr. Moni Shankar Kundu, Project Director of SREUP which marks a significant step towards a safer and more sustainable RMG sector in Bangladesh.
SREUP Technical Workshop Highlights
Bangladesh Bank’s SREUP PMU organized a technical workshop on ‘E&S Guidelines and Policies’ and ‘Investment Grant Disbursement Mechanism’ at the Amari Hotel, Dhaka.
The workshop, attended by the Department of Environment, AFD, and the EU, convened Participating Financial Institutions (PFIs) and their RMG clients to focus on investments in safety retrofits and environmental and social upgrades through SREUP financing. Key topics included Environmental and Social Management System (ESMS) Guidelines, Environmental & Social Risk Management (ESRM), and Environmental & Social Due Diligence (ESDD). The session also covered Ex-post Procedures and discussed ways to streamline the ‘Investment Grant Application’ process.
World Environment Day Celebration by SREUP
Get ready for an insightful Talk Show titled “The Role of SREUP in the RMG Sector in Bangladesh,” organized by Bangladesh Bank. Tune in to Channel i on June 5th, 2024, at 18:25 BD time to catch this engaging discussion.”
Stakeholder Engagement and Investment Grant Cheque Distribution Event
Join us for a comprehensive daylong event in June 2024 aimed at raising awareness about SREUP and its impact on the RMG sector. This event will focus on identifying collaboration opportunities with stakeholders for sustainable growth and will feature a special “Grant Disbursement Ceremony.” Don’t miss this chance to be part of an initiative driving positive change!”