Episode 48: Circular business models: A USD 700 billion opportunity for the fashion industry

Streamed on 23rd November 2021

In this episode, we’ll explore the fashion companies developing innovative circular business models to increase the use of clothing. Business models such as repair, reusereuseThe repeated use of a product or component for its intended purpose without significant modification. & rental have been booming and are leading in the pursuit to achieve the fashion industry’s lucrative USD 700 billion opportunity while providing significant greenhouse savings. However, these models do not automatically realise these environmental benefits unless, measures of success, clothes and supply networks are designed for a circular economycircular economyA systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution. It is based on three principles, driven by design: eliminate waste and pollution, circulate products and materials (at their highest value), and regenerate nature.. Tune into this episode to find out more and hear what businesses can do to create a thriving fashion industry.

Speakers featured:

• Justine Porterie: Global Head of Sustainability at Depop

• Georgia Parker: Innovation Manager at Fashion for Good