08. PEOPLE, PLANET, PROFIT
A circular economy is regenerative by design. It's success needs framing through the health of communities and ecosystems, measured through triple bottom-line accounting.
By calculating the true cost of materials and valuing waste as a resource, the human and environmental impact of their production.
KEY ACTIONS FOR:
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The true cost of materials needs calculating to allow educated comparisons between materials
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Altering the priorities within the supply chain from rapid production of new textiles to keeping textiles within the supply chain as long as possible
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Triple bottom line accounting, including true cost of materials, labor and environmental impact into products
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Promote triple bottom line accounting
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Support in-depth ESG reporting. Invest in education to build a highly-skilled workforce longer term