bgmea-undpWhilst Bangladesh Financing Method expects a 42% contribution from the private sector to attain SDG financing and the 8th 5-12 months-Prepare envisions 75% of the achievements to be supported by personal sector, no field consolidated effect on Sustainable Enhancement Plans (SDGs) has yet been documented.

Now the United Nations Advancement Programme (UNDP) and the Bangladesh Garment Producers and Exporters Association (BGMEA) took the first phase in the direction of a consolidated industry approach to private sector sustainability reporting in affiliation with Principal Coordinator, Sustainable Development Objectives (SDG) Affairs, Prime Minister’s Business office and with complex support from World wide reporting Initiative (GRI). In the previous months 47 BGMEA member factories conducted sustainability self-reporting translating their impact into the language of NPIs and SDGs.

“In Bangladesh, the Readymade Garments sector not only contributes to economic advancement, but also to SDG achievement: it delivers employment supports healthcare of the workforce invests in up-skilling the workforce adopts useful resource recycling progressively works by using renewable power, and so on. Though some individual factories develop sustainability studies, the appreciation of the magnitude of the impacts has so far remained exterior of systematic scientific tests and reporting generating it complicated to recognize industry developments and align private sector initiatives to governing administration ambitions,” explained UNDP Resident Agent, Sudipto Mukerjee.

Currently for their groundbreaking work the 47 factories bought awarded a certificate of appreciation for their contribution to NPIs and SDGs by way of sustainability reporting in the existence of Main Visitor Zuena Aziz, Principal Coordinator, Sustainable Progress Goals (SDG) Affairs, Prime Minister’s Office environment, and Special Guest Dr. Nihad Rashid, Further Secretary Economic Relations Division, Ministry of Finance.

Ms. Zuena Aziz highlighted how ‘for attaining SDGs by 2030, the position of private sector is pretty critical. Only the Inclusive participation of Government, Non-public sectors and civil culture will guarantee the timely implementation of SDGs.’

The efforts of the 47 factories have been consolidated in the report A PATHWAY TO Control Private SECTOR Effect on Bangladesh National Precedence Indicators (NPIs) & Sustainable Growth Goals (SDGs).

“With this report we wanted to evaluate the RMG industry’s affect on SDGs to talk with crucial stakeholders, these types of as the Authorities, purchasers, trade partners, and communities so that with each other we can just take motion to guidance the State. We hope to inspire far more RMG factories and other industries to undertake sustainability reporting in the long run as it is a vital action in the journey of translating the non-public sector contribution to SDG funding into concrete achievements and upcoming actions.”  reported Dr. Rubana Huq, President of BGMEA.