Published on November 17, 2018 — Leave a comment

The thredUP Circular Fashion Fund Supports a Sustainable Fashion Future

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We are proud to be supporting sustainable fashion efforts with the thredUP Circular Fashion Fund. The thredUP Circular Fashion Fund (CFF) is a nonprofit, pending 501(c)(3) status. The CFF’s mission is to identify, vet, and distribute funds to organizations and individuals committed to a more sustainable future. The fund aims to promote adoption of a sustainable circular economy by supporting efforts guided by the following principles:

TRANSFORMATIVE INNOVATION
Provide creative solutions to consuming responsibly.

RADICAL RETHINKING
Shift the collective mindset from buy, use, toss to reduce, reuse, recycle.

ENDLESS IMAGINATION
Envision a society that reduces our environmental impact for future generations.

“By helping to increase the use of clothing, resale can play a key role in making fashion circular. Raising the average number of times clothing is worn is the most direct way to design out waste and pollution and capture value.” – Francois Souchet, The Ellen MacArthur Foundation’s Make Fashion Circular Lead

What is Circular Fashion?

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1. Materials: Clothes are made from safe and renewable materials.

2. Design: Design clothes in a way that they can be resold, renewed, or refurbished.

3. Resell: Extend the life of clothes via resale, rental, and other business models.

What does the Fund do?
Provide financial support for organizations and individuals working toward a more sustainable fashion future.

What are the Fund’s big picture goals?
-Combat textile waste via support of textile reuse efforts on local and national level.

-Reduce global overproduction of clothing and textiles via education and awareness.

-Encourage sustainable production practices and a culture of conscious consumerism.

-And of course, inspire consumers to think secondhand first.

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How are we going to accomplish our goals?
-Educate about the benefits of a circular fashion economy.

-Come up with innovative ideas and practical solutions to combat textile waste.

-Create a clear and inspiring movement that everyone can rally around.

-Fund projects by individuals and organizations that are committed to a more sustainable future.

Why is this important?
The way clothes are produced today is wasteful and polluting:

The textile industry will account for 26% of the global carbon budget by 2050.

6A-textile.gif108M tons of non-renewable resources are used each year to produce clothing.

6A-factory.pngThe equivalent of one garbage truck of textiles is landfilled or burned every second.

6A-truck.gif32 billion new garments are produced for the US market each year. And 64% of them end up in landfill.

How does choosing used help?
More people shopping secondhand means less waste. Buying used instead of new reduces a garment’s carbon footprint by 82%. If everyone in the US bought just one item used instead of new in 2019, it would save nearly 6 billion lbs of carbon emissions—the equivalent of taking over half a million cars off the road for an entire year.

Who are the current beneficiaries of the Fund?
We’re proud to announce and support the first beneficiaries of the fund, Queen of Raw and FABSCRAP.

Queen of Raw is a marketplace to quickly and easily sell unused fabrics online. It’s a destination where designers can connect with suppliers to source excess stock of cutting-edge raw materials.

FABSCRAP is a 501(c)(3) charitable organization that was created to meet New York City’s commercial textile recycling needs. Materials that traditionally would have gone to landfill are now being properly recycled and made available for reuse.

Stay tuned, more to come! If you know of any great organizations you think we should support, let us know in the comments below!

Sources:
Green Story Environmental Study: Independent research firm, Green Story Inc. was contracted to calculate the environmental savings from reuse of secondhand garments sold by thredUP.

Ellen MacArthur Foundation: Data from 2015 report, “A New Textiles Economy: Redesigning Fashion’s Future.”