The poor performance of the end-of-use phase shows that most fashion brands don't yet realise that there are opportunities to be had in this phase of the value chain. Not only is a 'circular economy' fashion model sustainable in terms of resources, it also makes sense financially: raising the current garment collection rate to 60% by 2030 could save the sector more than €4 billion.

The report, by Global Fashion Agenda and the Boston Consulting Group, says it's time the fashion value chain integrated 'circularity' into the design phase, so that discarded products can be used as raw materials for new garments. The authors also want regulators to motivate change, and all fashion brands and retailers to "commit to a circular fashion system".

To read the full report, follow the link below.

External Link