COLOMBO - HSBC Sri Lanka, in partnership with the International Union for Conservation of Nature (IUCN), has begun a study aimed at reducing the impact of the country's apparel industry on the environment.

The project will focus on small and medium-sized manufacturers in Sri Lanka’s apparel industry which is by far the country's largest export income earning industry with an annual revenue of five billion US dollars.

HSBC Sri Lanka and Maldives chief executive Mark Pothero said: “The apparel industry is a critical income earner for Sri Lanka, and supporting its transition into greener development is imperative for the growth and long term stability of the industry.

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