Clean energy could give major upper hand for providers

 The Upper hand comes in different shapes and designs. Speed, adaptability, product quality, and, of course, cost. Every factor has a role to play in determining whether a business should choose one supplier over another.

In any case, what might be said about the energy blend connecting with how an item was delivered? Imagine a scenario where the clients of RMG production lines were to start picking providers in view of which ones utilized environmentally friendly power as opposed to being, say, coal-controlled.

In recent years, there has been a lot of talk about how "sustainability pays," but not much of this has actually happened or helped suppliers. Too frequently, price has been the primary factor, with brands refusing to pay more for sustainable clothing or production methods.

 

On the issue of sustainable power, nonetheless, I sense a genuine chance for Bangladesh — and it is one I accept our industry and government should get a handle on with two hands.

 

Take a look at the leading apparel brands in the world—each of them has committed to lowering their carbon footprint. While many of these commitments are for the year 2050, others are for years beyond that, including 2040 and even 2030.

 

In the meantime, the fashion industry itself acknowledges that its suppliers are the only real way to reduce its carbon footprint. Most reliable estimates indicate that garment production accounts for up to 90% of the fashion industry's carbon emissions. In addition, the majority of the "low hanging fruit" in terms of carbon emissions, which is in their own retail stores, has already been taken by the major fashion brands.

 

However, introducing sun-based energy at stores and different drives is not difficult to carry out for style brands. Acquainting oneself with suppliers presents the real obstacle.

 

This previous week, Swiss outside clothing organization Mammut has vowed to change to 100% sustainable power by any means of its providers by 2030. The business community ought to take notice because this is an extremely ambitious move. I anticipate that other attire retailers should accept comparable choices and push ahead.

 

For what reason is it so critical? The primary reason is that it conveys a significant message to worldwide apparel supply chains. Those who do not use renewable energy run the risk of missing out because there is a possibility that fashion retailers and brands will simply move elsewhere in order to meet their carbon emissions targets (many of which are currently being shared publicly).

 

This hazard has become uplifted in the previous month as the UN's Intergovernmental Board on Environmental Change (IPCC) distributed its most solemn update yet. This milestone concentrates on asserting that human action is changing the environment in uncommon and now and again irreversible ways.

 

A key temperature limit will be breached in just over a decade, according to the study, and heatwaves, droughts, and flooding will become increasingly severe. A UN chief has referred to it as "a code red for humanity."

 

 

Be in no question — maintainability groups at the world's driving design brands and retailers will have been paying heed to this report. In addition, I truly believe that each of them will have been contemplating their own climate projections. When the IPCC talks about key temperature "red flags" being hit this decade, can they rely on making projections for decades to come?

 

I expect many will pose the inquiry, could they at any point be more aggressive? Is it possible to move 2050 forward to 2040 or 2030? They will be put under increasing pressure by their investors, regulators, and NGOs, so I think they may have no choice. The IPCC report is a fundamental second where the environment is concerned.

 

All of this comes back to our role as RMG suppliers and how we can use the emissions reduction requirements of brands to our advantage.

 

Regarding the issue of renewable energy, I believe that Bangladesh needs to move quickly and immediately. Government, industry, clean energy providers, tech solutions companies, and, of course, utilities companies will all need to work together on this move. How might we quickly and cost actually make our industry green? How can we set up the right investment structures and public-private partnerships to make sure that money goes where it's needed along our RMG supply base?

 

We require a comparison exercise. In terms of renewable energy, where is our industry now, where do we need to be, and what do we need to do to get there? Doubtlessly it isn't past our industry to complete a checking exercise among the full store network to distinguish holes and comprehend where venture is required.

 

To reiterate, our industry sees all of this as an opportunity rather than a threat. We have shown currently that, when we cooperate, work together, and set to the side cutthroat contrasts, we can accomplish extraordinary things. Take, for instance, our efforts to boost industry-wide safety following Rana Plaza.

 

To reorient our industry toward a more environmentally friendly course, we require this spirit of cooperation once more. Why not set a timetable to move all our industries to sustainable power by 2030? Additionally, it would be in our mutual interest for us to include our customers on this journey.

 

"Fabricate it and they will come," is a well-known expression from the Hollywood film, Divine Location. It is pertinent now to the Bangladesh RMG industry. Get things right on this issue, and we have restored a significant migraine for every one of our clients.

 

Denim Expert Limited's managing director is Mostafiz Uddin. He is also the founder and chief executive officer of Bangladesh Apparel Exchange (BAE) and Bangladesh Denim Expo.