Earlier this year, the UAE established a federal circular economy council to generate new economic opportunities, reduce the use of natural resources and protect the environment. In this piece, Nour Sleiman, co-founder and chief marketing officer at UAE-based Cartlow, a re-commerce website explains the impact and importance of the circular economy. Transitioning into a circular economy is not solely aimed at minimising the negative impact of a linear economy, but also on the overall health system of the economic activity. Shifting from a ‘take, make, use, dispose’ to a ‘make, use, return, re-use’ model would require the dedicated contribution of organisations, individuals, and businesses together – large and small – to work effectively at all scales. This model shift will generate new business and create economic opportunities while contributing positively to the environment as a whole.
A total of 223 plastic-burning sites have been found in Palestinian villages and Israeli settlements, but such industries’ importance in the West Bank economy make it difficult to find a solution…
LVMH has solidified a partnership between several of its fashion maisons and weturn, a company that offers an innovative recycling chain dedicated to unsold textiles from major fashion houses. Founded in 2020, weturn is the first recycling chain dedicated to unsold textiles, rolls of fabric and offcuts from major fashion houses, which are all protected by intellectual property. The company then transforms them into new quality yarns and fabrics that are 100 percent traceable and European-made.
LVMH to date has not named which of its designer brands is recycling textiles. The issue with upcycling recognisable fabrics is that they may end up back in the marketplace when used by a different brand. Companies such as Valentino have seen a branded V-print fabric, uniquely developed for the house, used by designers who found leftover fabric in a re-sale shop on the outskirts of Paris. LVMH will be keen for its repurposed textiles to not be recognisable in the marketplace.
During the Summer of Sustainable FinTech Meetup Series you will have the chance to immerse yourself into a new way of doing finance and banking. We invite some of the most innovative start-ups, thought leaders and FinTech entrepreneurs building new solutions, contributing to groundbreaking…
News and Features from the Official Website for World Sailing, the world governing body for the sport of sailing.