GFA, H&M Foundation Enter Three-Year Funding Pact to Fuel Circular Fashion

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April 8th, 2024
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9:25 AM

A three-year partnership between The Global Fashion Agenda (GFA) and H&M Foundation is aimed at injecting substantial funding into GFA's circularity impact initiatives and expansion of the National Circular Fashion Partnership programmes.

 

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With the support of the H&M Foundation and continued collaboration with the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), GFA aims to expand the reach and impact of the Global Circular Fashion Forum (GCFF).

Launched by Global Fashion Agenda in 2022 with the support of GIZ, the project has been instrumental in catalysing action to accelerate and scale textile waste recycling in manufacturing countries.

The GCFF and its National Circular Fashion Partnerships claim to have recycled 10,685 tonnes of textile waste, equivalent to 60 million t-shirts. The programme is currently active in Bangladesh, in development stages in Cambodia and Vietnam and is set to include Türkiye and Indonesia.

The partnership between GFA and H&M Foundation will focus on three key objectives:

  • Mobilising the industry to commit to producing and using recycled materials with lower carbon impact.
  • Facilitating knowledge exchange across countries and regions through the development of supportive publications and tools.
  • Enabling the realisation of locally owned and led National Circular Fashion Partnerships in manufacturing countries, fostering multistakeholder efforts to establish and scale effective national infrastructures for post-industrial textile waste recycling.

Key partners such as Circle Economy, Closed Loop Fashion, and Reverse Resources, along with local stakeholders in targeted regions, will play key roles in driving this transformative agenda forward.

“This landmark partnership with H&M Foundation will enable Global Fashion Agenda to significantly expand its impact work, which is centred around our vision of a creating net positive fashion industry,” said Federica Marchionni, CEO of GFA. “Together we can converge, collaborate, and chart a course towards a socially just circular fashion industry that turns textile waste into value, minimises the production of virgin materials, and aligns with the 1.5-degree pathway.”

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