A study on The Increasing Importance of Green...

A study on The Increasing Importance of Green Financing and ESG Criteria in the Garment sector

Author Name : M. Kokila, Dr. R. Nagalakshmi

ABSTRACT Sustainable financing is emerging as a key driver of transformation in India's garment industry, as companies seek to align their operations with global environmental and social standards. This article explores the growing importance of green financing and ESG (Environmental, Social, and Governance) criteria in promoting sustainability within the sector. It delves into the challenges garment manufacturers face in accessing funds for sustainable initiatives, including energy-efficient technologies, eco-friendly materials, and waste reduction practices. The article also highlights government policies, international funding mechanisms, and private sector investment models that are fostering sustainable growth in the Indian garment industry. By examining the financial tools and strategies available, this piece underscores the need for innovative financing solutions to ensure long-term sustainability, competitiveness, and compliance with global market expectations.