Page 11 - TEXtalks International July/August 2022

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Accelerating Circularity Europe promoting Mark the calendar

sustainable polyester recycling to get Inspired

Accelerating Circularity Europe has been working with European Steering Committee, Spent Textile, and Brand
& Retailer Working Groups to research, map, and identify expertise and infrastructure to accelerate the move to at the upcoming
circular systems; this work is now complete. Accelerating Circularity’s mission is to design and implement
commercial systems in which textile waste is repurposed as raw material through reuse and recycling, ensuring
that they are not incinerated or sent to landfills. Inspiring Change

The next step is to move into the trial phases to demonstrate what is possible at scale. The first trials will focus
on post-consumer and post-industrial polyester textiles feedstocks, which will be the sources for both Conference 2022 International Conference on Textiles
mechanically and chemically recycled fibers.

Accelerating Circularity Europe has brought together the top minds in the European design and textile markets
to develop real, achievable solutions that will sustainably change the apparel industry. In addition to the TEXtalks International will organize the 5th move together for sustainable textile production and
polyester trials, Accelerating Circularity Europe is planning a range of cellulosic trials of mechanically and International annual Inspiring Change Conference a circular economy.
chemically recycled cotton for circular knits and woven items with their partners of Recover™, Lenzing (Refibra (ICC) 2022, on August 31, 2022, at Pearl Continental
™), Inditex, Tomra, among many others from the value chain. The work has been based on the collaborative Hotel, Lahore, Pakistan. The primary focus will be on Side Events (Student Competition + What's New)
efforts of more than 80 members. discussing and finding sustainable solutions for the At the upcoming ICC 2022, the legacy of the
textile industry of Pakistan and the importance of a previous edition will be continued regarding the
circular economy. The conference aims to provide a What's New Exhibition and the Student Competition.
platform for researchers, industrialists, and experts Various innovative products from textile industries,
to share ideas, solutions to problems, and current academia, and researchers will be displayed in the
practices of their respective organizations regarding What's New section. This year, Inspiring Change
responsible production and preservation and Conference will fascinate the textile professionals
restoration of resources. A recent report by the again by presenting the latest and greatest from the
United Nations indicates that the Asia-Pacific region inspiring global innovators, focusing on the benefits
H&M Group becomes the second is lacking behind on sustainable goals. The clock is The conference will provide space to present various
to reap for the textile industry and the innovators.
ticking, and time is short of overcoming the
weaknesses in implementing sustainable strategies
products, from fibers to apparel. The attendees will
to exit Russia after Nike for fighting climate change, deforestation, and have the opportunity to experience, interact and
depleting natural resources.
analyze the products on display. Modern
communication technology will be employed for the
Similarly, a Circular economy is a new production
and consumption model that ensures sustainable guests for in-depth information about the displayed
Swedish fashion retailer H&M Group has revealed plans to wind down its operations in Russia, noting that growth over time. With the circular economy, we can items. The What's New section will be the right
continuing business in the country is "impossible" given the current situation. H&M Group has run operations in drive the optimization of resources, reduce the platform for introducing your innovations to the
Russia since 2009. The retailer says it regrets that the business cannot continue under the current consumption of raw materials, and recover waste by textile world, leading to the most incredible business
circumstances and that many colleagues are affected as a consequence. recycling or giving it a second life as a new product. opportunity for your innovations.
Therefore, the circular economy aims to make the
The focus is to ensure a responsible wind down of operations and support all colleagues concerned in the best most of the material resources available by applying The Student Competition will showcase the
possible way over the coming months. H&M Group has become the second major apparel player to exit three basic principles: reduce, reuse, and recycle. In exceptional talent of the students trying to inspire the
Russia, following Nike, Inc permanently. this way, the life cycle of products is extended, textile sector with their creative work. As of last year,
waste is used, and a more efficient and sustainable at the event, TEXtalks will organize a student
As part of the winding down process, the intention is to temporarily reopen physical stores for a limited period production model is established over time. The idea competition for selected Fashion Draping /
to sell the remaining inventory in Russia. The entire wind-down is expected to lead to costs for the H&M group arises from imitating nature, where everything has Silhouettes made with Sustainable solutions. The
amounting to about SEK2bn (US$192m), of which approximately SEK1bn will have a cash flow impact. The value, and everything is used, where waste three winning students will be awarded a cash prize
total amount will be included as one-time costs in the results for the third quarter of 2022. A reversal of the becomes a new resource. In this way, the balance of Rs. 100,000, Rs. 50,000, and Rs 25,000, plus
SEK353m in unrealized exchange gains concerning intragroup receivables in Russian rubles from the second between progress and sustainability is maintained. awards and certificates for all the participants.Get
quarter of 2022 is included in the one-time cost. Thus, the upcoming ICC 2022 will lay a foundation inspired and be a part of the change!
for Pakistan's textile sector and other stakeholders to Contact: +9 2300 845 99 05 . info@textalks.com

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