Circulo Weekly Roundup | 27th March 2025 A round-up of news in repair, sustainability & legalisation ? 50 US States Now Considering Right to Repair Legislation All 50 US states have now considered Right to Repair legislation, a milestone for the repair movement. State-level efforts have gained momentum due to less manufacturer lobbying compared to Congress. Recent campaigns have received support from companies like Google, with PIRG highlighting that extended device lifespans in Washington state alone could save over $1.1 billion and significantly reduce emissions. ? ThredUp Report: Secondhand Market to Reach $367B by 2029 The global secondhand apparel market will grow to $367 billion by 2029, expanding 2.7 times faster than the overall apparel market. In the US, the secondhand market is expected to reach $74 billion by 2029, growing 9% annually. A record 58% of consumers shopped secondhand in 2024, with 54% of retail executives believing resale provides more stable inventory amid potential tariff fluctuations. ? Coach Partners with Bank & Vogue Ltd/Ltée. on Upcycled Collection Bank & Vogue, parent company of Beyond Retro, has partnered with Coach on upcycled bags. The collection transforms repurposed denim and leather into luxury accessories, featuring patchwork designs of Coach's classic styles. ? EU Commits €520M to Fund Three Industry Sustainability Partnerships The European Commission will invest €520M in three new industry partnerships, with private partners matching this amount for a total of €1.04B by 2030. The funding covers solar power manufacturing (€240M from EU), sustainable textiles (€30M from EU), and advanced materials (€250M from EU). The textiles partnership will transform the industry toward circularity and sustainability through digital innovations and new business models, while the advanced materials initiative will develop safe, sustainable materials designed for the circular economy. The first funding opportunities will begin in 2025, strengthening Europe's manufacturing capabilities while reducing dependency on imports. ? Sustainability Remains Key Despite Policy Shifts Despite changing global policy towards ESG, including US withdrawal from the Paris Climate Accord, sustainability remains crucial for business resilience, argues Danske Bank's Head of Sustainability. Fundamentals like efficiency, resilience, and productivity continue to drive business value. Europe remains committed to net zero targets, with Northern Ireland's Programme for Government including a Net Zero Accelerator Fund, £150M investment zone, and incentives for green transitions. ?? Links are in the comments ? Sign up to receive the weekly news in your inbox with our white paper
-
-
-
-
-
+2