Two Bangladeshi corporations recognised in WEF’s New Champion Awards

17 Nov 2020 9:50 AM
Image: Collected
The Community Economic Forum on Monday saluted Denim Professional and Green Delta Insurance’s sustainable business practices in its New Champion Awards, which honours companies exploring business models, technologies and sustainable growth strategies which will be necessary in the Fourth Industrial Revolution.

The two Bangladeshi companies received Honourable Talk about in the ‘Excellence in Sustainability’ category.

Chittagong-based Denim Expert, which was established in '09 2009, is actively attempting to promote sustainability and inclusivity in the apparel industry on Bangladesh, the WEF said. 

In 2019, the strong set sustainable goals and targets across countless areas including reducing consumption of energy and water, skin tightening and emissionsand waste generation. 

In colaboration with the USAID, the firm is also attempting to provide opportunities to transgender persons and human being trafficking survivors.

“There is no alternative to sustainability and innovation for surviving in the global market,” Mostafiz Uddin, managing director of Denim Expert, told Dhaka Tribune in his immediate reaction.  

For the last couple of years, Bangladeshi apparel manufacturers have taken lots of initiatives such as for example establishing green factories and introducing the most recent technology and machinery to become environment-friendly manufacturers.  

“The reputation by the WEF is a fantastic achievement for Bangladesh as well as the apparel industry. Thus giving a message to the environment that Bangladesh cares about the surroundings.”

The virtue signalling can help Bangladesh attract more buyers and turn Bangladesh as a hub for sourcing sustainable goods, he added.   

Green Delta Insurance, the major insurer in Bangladesh,caused the ministry of health and economics to supply affordable universal coverage of health that now impacts 82,000 households directly and 65,000 people indirectly, the WEF said.