Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag The Asian Development Bank approved a $30 million sustainability-linked loan to Bangladesh’s Envoy Textiles for green expansion and modernization.

flag The Asian Development Bank has approved a $30 million sustainability-linked loan to Bangladesh’s Envoy Textiles, the first such financing in the country’s private sector. flag The funds will support an automated spinning unit expansion, 3.5 megawatts-peak of rooftop solar panels, and working capital refinance, boosting yarn output by 4,550 tons annually and increasing renewable energy use. flag Loan terms are tied to environmental and social performance targets. flag Envoy, a major denim supplier with a Platinum LEED-certified factory, says the project advances Bangladesh’s industrial modernization and climate goals, aligning with ADB’s energy transition strategy.

3 Articles