United Commercial Bank PLC Partners IVY On Textile Decarbonization

United Commercial Bank PLC (UCB) has entered into a strategic partnership with IVY Decarb Marketplace SL to support decarbonization and sustainable transformation initiatives within Bangladesh’s textile and garment sector.

The collaboration was formalized through the signing of a Memorandum of Understanding (MoU) under the theme “Partnering for a Sustainable Net Zero Carbon Emission Future.”

Under the partnership, the two organizations will work together to improve access to green finance and climate-focused solutions for textile and apparel businesses, while supporting the implementation of carbon reduction and sustainability initiatives across the supply chain.

ITX Trading S.A. is also expected to contribute strategic guidance, global sustainability insights and responsible sourcing expertise as part of the broader collaboration.

The agreement was signed on behalf of United Commercial Bank PLC by Nabil Mustafizur Rahman and Adnan Masud, while Javier Bernal Dionis signed on behalf of IVY.

The signing ceremony was attended by senior representatives from all participating organizations, including Sharif Zahir and Javier Carlos Santonja Olcina.

According to the organizations, the partnership reflects a shared commitment toward sustainable finance, low-carbon industrial development and accelerating the textile sector’s transition toward environmentally responsible manufacturing practices.