The Global Fashion Agenda (GFA), a leading non-profit for industry collaboration on sustainability in fashion, together with McKinsey & Company, has published the Scaling Circularity Report, which reveals the opportunities and investment required to scale circular fashion systems.
The report concludes that the fashion industry could become 80% circular by 2030 if there is increased investment in existing recycling technologies and infrastructures. It demonstrates that pre-competitive collaborations can play a critical role in accelerating the industry’s transition to sustainable and inclusive growth, focusing on the case study of textile recycling.
The findings are based on independent analysis and learnings from the Circular Fashion Partnership in Bangladesh - a cross-sectoral project to scale post-industrial recycling and capture textile value domestically in Bangladesh – one of the largest garment producing countries in the world.