Eleven resale companies including The RealReal, Rent the Runway, ThredUp and Fashionphile have come together to form The American Circular Textiles (ACT) policy group to develop and shape policies to support textile recycling and recovery in the US.
As per a Business of Fashion Report, spearheaded by the Circular Services Group (CSG) and Resource Recycling Systems (RRS), the ACT will help the fashion industry deal with the increasing regulatory scrutiny besides encouraging the introduction of policies supporting efforts to establish a more sustainable and responsible system.
The policy group will introduce a position paper for lawmakers about scaling the circular economy this year. It also plans to bring other relevant companies, organizations and agencies into the fold and will open up to other key circular fashion players, such as textile recyclers, in 2023.
