Accelerating Circular Fashion Economy
PACE Partner Closed Loop Partners is contributing to the following Calls to Action from the Circular Economy Action Agenda for Textiles
1. Incentivize and support design for longevity and recyclability
4. Guide and support new business models for environmental, financial, and social triple-win
Through their work in Accelerating the Circular Fashion Economy, Closed Loop Partners aims to scale a sustainable fashion economy by researching and investing in innovations on how we make, sell and consume products. Specifically, Closed Loop Partners is exploring smart planning systems, reuse and resell technologies, low impact material science, IoT and blockchain solutions to track a product’s life cycle and advanced recycling technologies to ensure that clothing gets a second, third or infinite lease on life.
Objectives for 2021
In 2021, Closed Loop Partners will provide support to six leading sustainable fashion companies in their portfolio whose work revolves around resale, renew, repair and material science innovations. Moreover, their appearances at global events such as the Financial Times’ Business of Luxury and the Vogue Business and Shopify Sustainability Forum will support their efforts to raise awareness on the social, economic and environmental benefits of a transition to a circular fashion economy.
Closed Loop Partners (Funder, PACE Partner)