Press Release: Fashion brands urge governments to fix the economics of resale and repair

Nearly 70 fashion and textile organizations, including big names like H&M Group and Zalando, are urging governments in the EU, US, and Canada to implement policy changes to incentivize circular fashion business models. The Ellen MacArthur Foundation report shows that targeted changes could significantly increase profit margins for resale and repair, with the goal of making circular fashion more economically viable and accessible to consumers. The statement calls for reduced VAT, lower labor taxes, and Extended Producer Responsibility to fund infrastructure for collecting and sorting clothing at scale. The foundation aims to accelerate the transition to a circular economy by 2030 in the areas of fashion and textiles, critical minerals, and plastics and packaging, ultimately reducing the environmental impact of the fashion industry.

https://www.ellenmacarthurfoundation.org/press-release-fashion-brands-urge-governments-to-fix-the-economics-of-resale-and-repair