Read Recover's 2024 Sustainability Highlights Report

For 2024, we’ve put together a Sustainability Highlights Report to share our key progress while making the most of our available resources. It reflects our continued commitment to transparency and gives stakeholders a clear snapshot of our performance and sustainability priorities.

Key Highlights of 2024

Scaling our operations

Opening our new factory in Vietnam in 2024 has allowed us to scale our operations and expand globally. Positioning ourselves in Vietnam, the third-largest textile exporter worldwide, puts us close to both textile waste sorting and manufacturing operations, substantially reducing our shipping costs.

Prioritizing Responsible Supply Chains and Transparency

2024 marked the first full year of Recover’s Responsible Sourcing Committee,working closely with 100% of our Bangladesh suppliers to improve working conditions and promote ethical sourcing.

We also continued to push for increased traceability and transparency, and continued to roll out our Recover™ Tracer solution for brands to verify sustainability claims, guarantee that their products do contain Recover™ recycled cotton and meet the legislation rules.

Understanding and Reducing Our Impact

In 2024, we carried out a Life Cycle Assessment (LCA) for our new production hubs in Bangladesh and Pakistan to measure the environmental impact, revealing significant environmental savings for Recover™ recycled cotton fiber compared to conventional cotton across multiple impact categories.

A Word from Our CEO

At Recover™, we recognize that the fashion industry still has a long way to go in closing the loop. According to the latest Circularity Gap Report, to which we contributed, only 0.3% of the global textile industry is truly circular, and this is a stark reminder of the challenges ahead. However, it also reinforces our commitment to accelerating change through innovation, inspiration, and collaboration.

2024 has been a year of both progress and adversity. The unrest in Bangladesh has underscored the urgent need for a more responsible and resilient supply chain, one that prioritizes both people and the planet. In response, we have extended our commitment to traceability and transparency, including carrying out a new Life Cycle Assessment (LCA) in our factories in Bangladesh and Pakistan to better understand and reduce our impact.

We took a significant step forward in the scaling of our operations, with the opening of our latest factory in Vietnam. This expansion allows us to serve as a true global partner for the industry’s demands, supplying brands in all major textile production markets with timely and efficient access to our materials.

Across our global operations, we have also strengthened our standards. Our factory in Vietnam has now achieved Global Recycled Standard and ISO certifications, reinforcing our leadership in sustainable production. Additionally, our lab accreditation enables us to not only uphold the highest quality standards but also to support our partners in testing and validating their own materials, enabling greater industry-wide accountability.

In the past year, we are proud to continue working with key brand partners, who share our vision to drive large-scale sustainable change in fashion. Collaboration remains the key to scaling solutions, and together, we are proving that circular fashion is not just possible - it’s happening.

The road ahead is not without challenges, but our purpose remains clear: to enable large-scale sustainable change in the fashion industry and make circularity the norm.

ANDERS SJÖBLOM