H&M Foundation backs new report to guide textile industry towards circularity and decarbonisation
Stockholm, 4 December 2024 – A first-of-its-kind report authored by Circle Economy and funded by the H&M Foundation, provides an in-depth view of the current circularity in clothing and textiles. The Circularity Gap Report Textiles urges immediate action to diminish the textile industry’s environmental impact by embracing circular economy principles such as reuse, recycling, and slow fashion. The report, released by impact organisation Circle Economy, highlights eye-opening data: only 0.3% of the 3.25 billion tonnes of materials consumed annually by the textile sector come from