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flag The Asian Development Bank gave Envoy Textiles a $30 million sustainability-linked loan to expand energy-efficient production in Bangladesh.

flag The Asian Development Bank has signed a $30 million sustainability-linked loan with Envoy Textiles in Bangladesh, its first such loan in the country. flag The funding will support a new energy-efficient spinning unit, 3.5 MWp of rooftop solar panels, and refinancing of short-term loans. flag The loan is tied to environmental performance targets, including increased solar energy use and reduced emissions. flag Envoy, a leading denim manufacturer with a platinum LEED-certified facility, will boost yarn production by 4,550 tons annually. flag The project supports sustainability and modernization in Bangladesh’s vital garment sector, which accounts for over 80% of exports.

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