Geneva, Switzerland, 18 January 2024 – The fashion industry is witnessing a pivotal moment with the release of sector-specific circularity metrics by the CTI Fashion Initiative, a collaborative effort led by WBCSD, VF Corporation and Deloitte, with support from the VF Foundation. Launched today at the World Economic Forum in Davos, Switzerland, these tailored metrics are poised to redefine how circularity is assessed within the fashion and textiles value chain and help rally companies around common targets.
At present, less than half of discarded clothes find their way to reuse or recycling, with a mere 1% transformed into new garments. To truly scale up a circular economy in fashion, there is a pressing need for a standardized framework for measuring circularity to drive accountability and incentivize change. The CTI Fashion Initiative addresses this challenge by leveraging one of…
