• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Lifestyle Retail

H&M Group and Remondis take a Revolutionary Step to Collect, Sort, and Sell Used and Unwanted Garments and Textile

Ritu M R by Ritu M R
February 16, 2023
in Retail, The Global Economics, Top Stories
Reading Time: 4 mins read
0
H&M Group and Remondis take a Revolutionary Step to Collect, Sort, and Sell Used and Unwanted Garments and Textile

H&M Group and Remondis take a Revolutionary Step to Collect, Sort, and Sell Used and Unwanted Garments and Textile

117
SHARES
648
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

Remondis is a time-honored leader in waste management, with fundamental know-how in offering collection and sorting solutions at a magnitude.

H&M Group and Remondis own 50% each of Looper Textile Co., a standalone joint venture. Looper aims to collect, sort, and sell used and unwanted garments and textiles and thus increase the highest use of these valuable resources.

In 2013, H&M Group was the first fashion and design company to launch a garment collecting initiative worldwide and, through its investment branch H&M CO: LAB, invested in businesses that create technologies to facilitate textile recycling. With the creation of this separate joint venture, H&M Group is participating more directly in developing the infrastructure that is essential to close the loop of fashion. Remondis is a time-honored leader in waste management, with fundamental know-how in offering collection and sorting solutions at a magnitude.

Looper intends to become a preferred feedstock provider to innovators and companies engaged in textile recycling and resale. Looper is commencing its operations in Europe and aims to expand the record use of nearly 40 million garments in 2023. The firm plans to innovate within the textile collection and sorting, for instance by testing new collection schemes and implementing automated sorting technologies such as near-infrared sorting, including by developing an assortment of partners in the zones of reuse and recycling.

Make something new: Collect, recirculate, and recycle!

Collecting, recirculating, and recycling prolongs the life of garments and fibers, and preserves the energy and resources used to make something brand-new, H&M says.

At present, less than one percent of the material used to make clothing is recycled into new garments.

In 2018, H&M Group collected more than 20,649 tonnes of customers’ unwanted old clothes and textiles and in 2016, the company set a goal for 25,000 tonnes to be collected annually by 2020. H&M started collecting unwanted textiles in H&M stores in 2012 in Switzerland, rolling out the garment collecting initiative globally in the year 2013.

Recycling and the circular economy

At H&M Group, the company is changing the way it designs its products and introducing new circular business models to extend the lifetime of its products and materials. Before recycling, it advocates recirculating textiles through repair, reuse, and recreation.

Shifting to a circular future through reselling, repair, and rental.

Sara Eriksson, Strategy Lead for Circular Business Development at H&M Group, says that presenting new ways of shopping is absolutely essential for the transition to a further circular industry.

The company has a responsibility to give customers the choice to reduce their carbon footprint in convenient and attractive ways, Eriksson adds.

Recycling & materials

In 2021, the company increases threefold on the use of recycled materials in its products to 17.9% and it aims to achieve 30% by 2025. Increasing textile recycling capacity and further developing and innovating regional infrastructure for collecting and sorting is vital to help them achieve these ambitions.

Circularity

H&M works extensively with the Ellen MacArthur Foundation (EMF), a charity leading global efforts to shift to a circular economy. The company’s circular strategy supports EMF’s vision for a circular economy and covers all parts of their business including:

  • Products and customer offerings.
  • Supply chain
  • Non-commercial goods, such as packaging and items used in-store interiors, offices, and distribution centers.

To have the greatest impact, it would build on the connections between these areas, work collaboratively and integrate circularity into everything it does.

A circular ecosystem

H&M aims to create a circular ecosystem, which would help them to achieve net zero and have a net positive impact on biodiversity.

HM
Image Source: hmgroup.com
About H&M Group

At H&M, the company helps them to reimagine the future of an entire industry by making everyone look, feel, and do good. The company takes pride in its history of making fashion accessible to everyone and is guided by its values to strive to build a more convivial, inclusive, and sustainable industry. The company is privileged to have more than 120,000 colleagues, in over 75 countries across the globe. At H&M, the company believes everyone can make an impact, it believes in giving people responsibility and a clear sense of ownership.

Source: short URL
Tags: H&M GroupLooper TextileRecyclingRemondiswaste management
Ritu M R

Ritu M R

Ritu is a professional who aims at writing informative and engaging articles that appeal to the readers.

Related Posts

US and Ukraine Sign the High-Stakes Critical Mineral Pact
Trending

US and Ukraine Sign the High-Stakes Critical Mineral Pact

by The Global Economics
May 1, 2025
Global Tariffs Can't Slow Down China’s Growing Steel Production
Global Trade

Global Tariffs Can’t Slow Down China’s Growing Steel Production

by The Global Economics
April 16, 2025
Retail Sector Rejuvenation In Vietnam
Retail

Retail Sector Rejuvenation In Vietnam

by The Global Economics
April 1, 2025
Google to Finalize its Biggest Deal with Cyber-Security Startup Wiz
Technology

Google to Finalize its Biggest Deal with Cyber-Security Startup Wiz

by The Global Economics
March 19, 2025
Alibaba's RISC-V Chip Will Be a Game-Changer for China's Semiconductor Industry
Technology

Alibaba’s RISC-V Chip Will Be a Game-Changer for China’s Semiconductor Industry

by The Global Economics
March 10, 2025
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Thailand Aims to Ease US Deficit and Avert 36% Tariffs

Thailand Aims to Ease US Deficit and Avert 36% Tariffs

May 20, 2025
After Years in the Shadows, Emerging Markets Are Back in the Spotlight

After Years in the Shadows, Emerging Markets Are Back in the Spotlight

May 19, 2025
Japan’s Banks Mark Record Profits Despite Economy Shrinking 0.7%

Japan’s Banks Mark Record Profits Despite Economy Shrinking 0.7%

May 16, 2025
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version