This chapter is positioned in the literature that discusses the tension between global environmental commitments and local implementation from the perspective of a developing country. It focuses on the implementation of international conventions, treaties and protocols signed and ratified by Bangladesh, as evidenced by the existence of related programs. The programs examined in this study were proposed by the Asian Development Bank in 1994, based on international best practices for industrial pollution prevention. The chapter also frames the regulatory, market-based and voluntary initiatives on a policy continuum from compliance, cooperative and collaborative approaches and compares the perceived existence of these approaches. The business perspectives of these programs are analyzed in the tannery, pulp and paper, fertilizer, textile and cement industries. Results show that although there are environmental regulations for preventing industrial pollution in Bangladesh, they are not as effective or comprehensive as they could be. The study also found that voluntary programs and economic incentive programs are present to a very limited extent. This study raises questions as to how to improve the implementation of global governance initiatives to which countries like Bangladesh make commitments. © 2014 Springer Science+Business Media Dordrecht.