Kearney releases 2023 Circular Fashion Index; average CFX score across 200 global brands stymied at below 3 on a scale of 10
Notwithstanding the Fashion Pact launched at the G7 Summit in France in 2019, the industry remains one of the highest global polluters—hence the value of measuring progress.
- Notwithstanding the Fashion Pact launched at the G7 Summit in France in 2019, the industry remains one of the highest global polluters—hence the value of measuring progress.
- Kearney's 2023 CFX finds that the needle has barely moved since last year's report, with the 200 global brands analyzed barely reaching an average of 2.97 on a circularity scale of 10.
- "Only 19 of the 200 global brands we looked at scored above 5 out of 10, and only the top three scored above 7 in any areas.
- This year's CFX shows that concrete action is required to close the gap and move the industry toward greater sustainability and circularity."