YKK partner of SDA Bocconi School of Management and Enel X for the launch of Monitor for Circular Fashion
The project, developed by SDA Bocconi Sustainability Lab, will provide a clear vision of the state of maturity of the circular economy in the Italian fashion sector.
The Monitor for Circular Fashion will involve in the project a representative cross-section of the Italian fashion sector along the entire supply chain, in collaboration with the Eco-Age sustainability consultancy company.
Some industry players already signed up, including YKK Italia.
This community of companies, chosen for their sustainability and circularity credentials in the Italian fashion industry, is already on a virtuous path, sharing ideas on the opportunities and challenges of circularity. They are specifically focusing on applying best practices to identify and develop new applicable and measurable circular solutions.
One of the main points concerns the key role of transparency and traceability in supply chains, seen as the way to substantiate the sustainability and circularity claims before all the stakeholders, including consumers.
As a key output of the initiative, based on an innovative circularity assessment methodology developed by Enel X and the know-how of SDA Bocconi School of Management Sustainability Lab’s research team, a seminal Report will be launched in September 2021, revealing the sector’s macrotrends, measuring how Italian fashion companies apply Circular Economy principles along the value chain, highlighting best practices, gaps, and ultimately proposing an ambitious plan of how to integrate circularity into one of Italy’s biggest export industries.
A circular approach allows the take-make-waste paradigm to be radically changed thanks to the application of five circular business models (Sustainable input, Life Extension, End of Life, Product as a Service, Sharing Platform) ensuring products and materials are kept in use for as long as possible, redesigning the manufacturing, logistic, distribution processes and the customer journeys with the objective of making more efficient the use of resources. The move to a circular system will continue to speed up the global economy’s journey toward a sustainable future.
The Monitor for Circular Fashion also takes part and commits to spreading the Call to Action of the UNECE project “Enhancing Transparency and Traceability of Sustainable Value Chains in Garment and Footwear sector” and the European “Circular Economy Action Plan”.