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Study shows circular economy can help fashion industry reduce carbon emissions

2023-09-26

Resale company Trove and Worldly, an influential sustainability advocacy platform in the fashion industry, jointly released a research report titled "How can circular models assist fashion brands' sustainability strategies?" The report points out that circular models can help improve the fashion industry's carbon emissions.

First, the report points out that resale is a key decarbonization strategy, particularly for high-end and outdoor brands. This is primarily because promoting resale can reduce the need for new product production by 23% to 35% annually, helping brands reduce carbon emissions by 15% to 16% by 2040 while also enabling them to achieve their growth goals.

Secondly, the fashion industry should strive to improve the efficiency of resale to enhance the aforementioned sustainable benefits. Specifically, brands can enhance the durability of their products, increasing their value in the resale market and thereby increasing the emissions reduction benefits of the circular model.

Third, through resale, brand owners can more efficiently control and manage Scope 3 carbon emissions, thereby improving the sustainability of their operations.

Trove CEO Gayle Tait stated that this research report confirms that resale can improve the fashion industry's carbon emissions. Therefore, Trove will continue to improve the efficiency of resale to help brands and the fashion industry achieve sustainable development.

References：
BusinessWire

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