Last spring 64 of the world’s leading fashion companies signed a commitment to accelerate the transition to a circular fashion system. Today, their individual company targets for circularity were released online.
When fashion industry leaders gathered at the May 2017 edition of the world’s largest business event on sustainability in fashion, Copenhagen Fashion Summit, they were encouraged to sign a commitment to help accelerate the industry’s transition to a circular fashion system. The 2020 Circular Fashion System Commitment received immediate support from 64 of the world’s leading fashion companies, representing a total of 142 brands. Among the signatories were adidas, ASOS, Bestseller, Eileen Fisher, H&M, Hugo Boss, Inditex, Kering, Reformation, Target and VF Corp, who by signing, not only declared their support for a more circular fashion system, but also committed to setting a 2020 circular strategy for their company.
Company targets released today
Since the launch of the 2020 Circular Fashion System Commitment, the signatories have been working on setting their own individual targets for 2020, which Global Fashion Agenda and BSR have reviewed. Today their strategic targets for 2020 were released online. In total, 143 targets have been set.
Eva Kruse, CEO of Global Fashion Agenda, says:
“Since the 64 companies signed the commitment, I’ve been very curious to learn about their company targets. We have now reviewed all 143 of the targets, and although the focus areas and level of engagement vary from company to company, they all share a common feature by taking steps to transition to a circular fashion industry. I find that very encouraging.”