New initiative to reuse Bangladesh’s textile waste

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Business Desk :
More than 40 global apparel brands, local manufacturers and recyclers have joined a new initiative to capture and reuse textile waste in Bangladesh, sources said.
The initiative is focusing on Bangladesh as it arguably possesses the most in-demand and recyclable waste of any garment-producing country, but the majority of its waste is currently being exported or down-cycled, they added.
According to them, there is an ample opportunity to make it a leader in circularity by scaling the recycling capacity in the country and generating more value from these waste streams.
Following the hardships in the country generated by Covid-19, this approach is also aimed at building industry resilience in future.
Global Fashion Agenda (GFA) on Tuesday announced the participants of ‘Circular Fashion Partnership’ including global brands H&M Group, C&A and Marks & Spencer, according to a statement issued by GFA.
The GFA is a Copenhagen-based non-profit organization which mobilizes and guides the global fashion industry to take bold action on sustainability.
The Circular Fashion Partnership is a cross-sectoral project, led by GFA, with partners Reverse Resources, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and P4G which aimed to achieve a long-term and scalable transition to a circular fashion system.
The partnership facilitated circular commercial collaborations between major fashion brands, textile and garment manufacturers, and recyclers to develop and implement new systems to capture and direct post-production fashion waste back into production of new fashion products.
In addition, the partnership seeks to find solutions for the Covid-19 related pile-up of dead stock and engage regulators and investors around the current barriers and economic opportunities in the country.
The other brands which joined the move are: Bershka, Bestseller, Gina Tricot, Grey State, Kmart Australia, OVS, Pull & Bear, Peak Performance and Target Australia.
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