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64 leading global retail fashion brands have released their individual company targets for circularity, which include sustainability, implementing enviromentally-friendly design, increasing recyclable garment sales and using materials that are more circular into their products by 2020.
Global retailers signatories of the 2020 Circular Fashion System Commitment include ASOS, H&M, Hugo Boss, VF Corp, Inditex and Kering. The project was launched during the Copenhagen Fashion Summit in May 2017, when non-profit initiative Global Fashion Agenda called on fashion brands and retailers to sign a commitment to accelerate the transition to a circular fashion system. Since then, the 64 corporations have been working on setting their own individual targets for 2020.
The signatories have set a total of 143 targets in one or more of the following four areas: designing for circularity, increasing the volume of used garments collected, increasing the volume of used garments resold, and finally, increasing the share of garments made from recycled post-consumer textile fibres.
“We signed Global Fashion Agenda’s 2020 Circular Fashion System Commitment since it ties in well with our ambitious vision to become 100% circular and renewable”, said Anna Gedda, Head of Sustainability, H&M Group. “One of the goals for H&M group is to only use recycled or other sustainably sourced materials by 2030 and to become climate positive throughout our entire value chain by 2040 at the latest.”
An annual progress report is expected to be published for the first time in May 2018 highlighting the signatories’ activities and progress in reaching their targets.
To read more on the brands involved and the targets set, please click here.