SUSTAINX’s Post

👕 Could this project create a $700 billion market for reused, rented, repaired, and remade clothes by 2030? 🛍 That's the ambitious goal behind The Fashion ReModel, a groundbreaking initiative launched by forward-thinking brands like Arc’teryx, Zalando, H&M, and five other industry leaders. This three-year project, led by the Ellen MacArthur Foundation, aims to revolutionize the fashion industry. ♻ The Fashion ReModel seeks to prove that scaling circular business models is not only possible but can also significantly reduce the fashion industry's environmental impact. The initiative addresses the high emissions and waste in fashion, which currently contributes 2.1 billion tonnes of greenhouse gases annually. Embracing circular economy models could slash one-third of these emissions, aligning the industry with the Paris Agreement. 📈 The first working session in London tackled the financial hurdles to circularity. Over the next three years, The Fashion ReModel will explore various topics, sharing valuable insights and solutions to promote a sustainable future for fashion. Hopefully this project will serve as an accelerator of circularity in the fashion industry. H&Z Management Consulting, The Transformation Alliance #decadeofaction https://lnkd.in/epj4HAxe

Arc’teryx, Zalando and H&M ask how to 'make money without making more clothes' | GreenBiz

Arc’teryx, Zalando and H&M ask how to 'make money without making more clothes' | GreenBiz

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