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The Asian Development Bank approved a $30 million sustainability-linked loan to Bangladesh’s Envoy Textiles for green expansion and modernization.
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.
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.
Loan terms are tied to environmental and social performance targets.
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.
El Banco Asiático de Desarrollo aprobó un préstamo vinculado a la sostenibilidad de 30 millones de dólares a la empresa textil Envoy Textiles de Bangladesh para la expansión y modernización ecológica.