Sustainable Enterprise Project (SEP)

Sub-Project: Sustainably developing industrial spare parts and equipment manufacturing workshops by adopting environmentally sustainable practice.

Project Background: Enhancing environmental sustainability and climate resilience are becoming increasingly important for sustaining Bangladesh’s economic progress. Bangladesh ranked 173 out of 180 countries on Yale’s 2016 Environmental Performance Index. Globally, Bangladesh ranks among the countries with the economy most at risk due to the impacts of climate change. The rapid growth of manufacturing, dominated by micro, small and medium enterprises (MSMEs), has led to a massive increase in natural resource use and degradation and to growing air, soil and water pollution. Reducing negative environmental externalities has been identified as a priority area for Bangladesh to continue progress toward reducing poverty and inequality. Embarking on a greener growth pathway would provide major benefits for Bangladesh in terms of increased productivity and innovation, access to new markets, generation of public revenue, and reduction of vulnerability to shocks.