Stanley/Stella - Sustainability Report 2020

Responsible production

41 ST

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4.4

ECONOMY OF THE WORLD

MILLION PEOPLE HAVE BEEN LIFTED OUT OF POVERTY IN THE LAST 20 YEARS

MILLION BANGLADESHIS EMPLOYED BY THE TEXTILE INDUSTRY

Twentyyears ago, Bangladeshwas one of the poorest countries in theworld, yet today its economy is ranked 41st in the world. In the space of just two decades, 20 million people have been lifted out of poverty. In fact, Bangladesh is now considered a rising lower middle-income country thanks to innovation and ambitious economic plans. The textile industry is one of themost critical drivers of annual GDPgrowth and accounts for 80% of the total of Bangladesh's exports (worthUSD35 billion) and employs 4.4million people, most of whom are women.

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