A new era means a new roadmap and Refashion has increased its ambitions. Between 2023 and 2028, almost €1.2 billion will be invested in the transformation of the sector. For its new roadmap, Refashion worked in consultation with all the players in the sector. As soon as she took up her post in January 2022, Maud Hardy, the Managing Director, initiated this collaborative working method which will continue over the next few years.
Three major commitments
Three major projects will be undertaken to make this vision effective, in production, consumption, and regeneration.
Concerning production, Refashion wants to mobilize the whole of the actors of the die to reduce the environmental impacts of the products.
As regards consumption, from this year 2023, Refashion will devote at least five million euros per year to actions of sensitization and information of the citizens. More than 150 million euros will be invested between 2023 and 2028 to transform the habits of the French, through various actions of sensitization.
For regeneration, the acceleration of the collection of clothing, household linen, and footwear will be achieved through a mixed operation of the sector. Five percent of the contributions collected by Refashion will be dedicated to a reuse/reuse fund. In addition to this support, there is a complementary financing mechanism open to all actors. The total of these two envelopes represents 135 million over the period of the agreement.
Five percent of the contributions, i.e. 58 million euros over six years, will be dedicated to R&D: taking into account recyclability from the design stage; sorting, and automated recycling.
Launched in 2008, Refashion has positioned itself as a key player in the transition to a one hundred percent circular fashion, serving the community. Within this eco-organization, there are more than 5,000 companies in the sector that embrace this vision and support change in the industry.