A group of retailers and non-governmental organisations including CEOs of global businesses including Inditex, Nestle, Unilever, H&M Group, Danone, Coca-Cola, PepsiCo, L’Oreal, Ikea, Stella McCartney and Barclays Bank, as well as organisations such as WRAP and Global Fashion Agenda, have signed a joint statement committing to building a circular economy as industries begin to recover from the coronavirus pandemic.
The Ellen MacArthur Foundation, a charity that promotes the move towards circularity, will release the joint statement on 13 June. The statement commits retailers to transition to a more circular model of production, across the food, plastics, finance and fashion sectors.
The businesses have also committed to address other global challenges, including climate change, waste and pollution.
Their statement marks the start of an ambitious programme of work that will turn the call to ‘build back better’ - the campaign for a coronavirus recovery plan that embraces positive chang- into a tangible effort, by giving the recovery phase a clear pathway.