Reverse Resources has joined the Accelerating Circularity project with the purpose to create a European-wide collaboration to be able to digitally follow (and improve) the textile material flows through circulation. AC’s mission is to establish systems that will use the embedded value and resources in existing textiles for new products, reducing the millions of tons of textile waste annually going into landfills and thereby supporting the reduction of the industry’s GHG emissions.
P4G, with initial funding by the government of Denmark, is a network of leaders from government, business and civil society working to accelerate green growth in many of the 150 developing countries across the world. RR, in partnership with GFA and BGMEA has got funding from P4G to start scaling our solution for better production waste management and recycling in Bangladesh.
Global Fashion Agenda has been one of the leaders of the fashion industry shift to circular economy by inviting brands to sign up to common commitments towards circularity. RR has launched partnership with GFA to help accelerate this transition.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is one of the largest trade associations in Bangladesh representing the readymade garment industry. BGMEA has confirmed their full support to RR initiative in Bangladesh and is inviting their suppliers to join RR network to segregate and trace their production waste to recycling with full transparency.
Stichting DOEN is a perfect investor a start-up in impact business can find. Our mutual understanding is that impact needs to come as first priority, but impact can’t be achieved without good business returns. Taking the role of lead investor they made an investment of 250,000 EUR in end of 2019.
In April 2019 we got selected among top 5 finalist of the Circular Economy competition by Google Cloud and SAP. This brought along a 25 000 USD award and a 2-day bootcamp helping us to learn more about the opportunities to collaborate with Google Cloud and SAP.
In December 2018 we got a positive decision from Estonian Ministry of Environment to support our goal with 147 807 EUR funding from the programme “Achieving climate policy goals in developing countries“. The project will last till mid 2020, and the goal is to increase the volume of textile waste recycling in Bangladesh while measuring the volume of CO2, water and chemicals reduced by recycling.
In May 2018 we got accepted to the Levi’s Collaboratory, a 3-day programme carried out in June in San Francisco. A year later, the Collaboratory decided to support our project with 25 000 USD funding. The goal of the funding is to publish a white paper explaining the business value created from RR platform to garment factories, traders of textile waste, textile recyclers and fashion brands. The report will be published by end of 2019 based on our work in Sri Lanka and Bangladesh.
In March 2018 we were accepted to the 3rd batch of Fashion For Good – Plug and Play accelerator programme in Amsterdam. Since then we’ve been carrying out several collaboration projects (e.g. Sorting for Circularity in India).
In February 2016 RR was awarded with the first ever Global Change Award by H&M Foundation from among 2700 ideas from 120 countries. Since then we’ve had great support from H&M Foundation to grow an extensive global network of valuable contacts that can help us create impact with our concept.