Accelerating Circularity Announces Global Commitment to Sustainable Textile Industry at Clinton Global Initiative Annual Meeting [Yahoo! Finance]
Unifi, Inc. New (UFI)
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Source: Yahoo! Finance
transforming the apparel industry by creating business models and supply chains for manufacturing more sustainable fabrics, this week proudly announced its Commitment to Action at the Clinton Global Initiative (CGI) 2024 Annual Meeting. This commitment, titled "Building Circular Systems," aims to transform the textile industry by building scalable systems where materials are continuously repurposed and reused, rather than just being recycled once or discarded. This approach, known as circularity, tackles the need to reduce the environmental impact of textiles by keeping materials in use longer, ultimately reducing waste and conserving natural resources. Currently, 92 million tons of textiles end up in landfills each year, while another 116 million tons of new fibers are produced. This wasteful cycle harms the environment, contributing to pollution and the depletion of natural resources. As discarded textiles decompose in landfills, they release harmful gasses into the environment. A
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UFI
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- 10/30/24 - Miss
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Sec Filings
- 11/8/24 - Form 4
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