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Tiered Polyester Diminishment

1. Numeric Targets for Polyester Reduction (created by our think tank):
   • 40% total reduction by 2030
   • 70% total reduction by 2040
   • 90% total reduction by 2050
   • 100% elimination by 2060
2. Additional Statistics from Textile Exchange:
   • Increase the market share of recycled polyester from 14% in 2019 to 45% by 2025.
   • Polyester accounted for 52% of the global fiber market in 2020.
   • In the US, just over 13% of clothes were recycled in 2018.
   • More than 11 million tonnes of clothing are incinerated or dumped in the US every year.
   • Only about 0.5% of the global fiber market comes from pre and post-consumer recycled textiles.
3. Contextual Information:
   • These targets are part of Step 2, which involves tiered polyester diminishment.
   • The targets are proposed for the fashion industry as a whole, with additional reduction targets potentially necessary for specific sectors such as fast fashion.
   • Emphasize the significance of these targets in the broader context of achieving sustainability in the fashion industry.
4. Additional Points:
   • Emphasize the importance of these targets as part of a structured approach towards sustainability.
   • Mention the need for legislative and enforcement mechanisms to support these targets.
   • Emphasize the role of consumers in driving change and achieving these reduction goals.