Recover's Sustainability Report 2023 is out!

Read our sustainability report and discover in detail our year in 2023: our achievements, our sustainability approach and our vision. But first, a short message from our CEO, Anders Sjöblom:

Dear reader,

As I step into the role of CEO at Recover™, I am inspired by the passion for circularity and the ability to make a real, meaningful, and large-scale positive change for sustainability in the global textile industry. It is who we are, and this commitment is seen at all levels across the company. I believe it is up to companies like Recover™ to push for continued circularity and pave the way for constant innovation and improvement. I would also like to take the opportunity to thank Alfredo Ferre and the Ferre family for leading and bringing Recover™ to where it is
today. His immense business and product knowledge has been essential, and I’m honored to continue counting on his expertise and getting to work with him in his new role as Chief Product, Innovation, and Sustainability Officer.

2023 was a challenging year globally, with escalating geopolitical tensions, devastating natural disasters, and increasing costs of raw materials and energy, paired with a slowing in demand. However, in this report, you will see how we’ve continued to work hard to make an impact, not only by keeping endof-life cotton products and waste out of landfills or incineration but also by partnering with some of the industry’s biggest names to edge the fashion and textile industry closer to circularity.

At the same time, we’ve taken steps to hold ourselves to the highest standards. We reaffirmed our support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labor, Environment, and Anti-Corruption – applying this commitment to our operations while encouraging it in our value chains (our suppliers, consumers, communities, and other business relationships). We also continue to strive to meet our long-term Recover™ Sustainability Strategy, based on the 17 Sustainable Development Goals set by the United Nations, whilst delivering the highest level of transparency on our business impacts.

Looking toward 2024, we aim to ensure operational and commercial excellence while continuing to innovate and lead disruptive change for the apparel and textile industries. The urgency for change is backed by strong political support, and as new regulations come into effect, Recover™ can help brands and retailers to successfully navigate the shifting landscape. I believe Recover™ is wellpositioned in the market to be a leader both in the industry and in the global business world, and we are ready to grow fast, but responsibly. Our Bangladeshi factory is now fully operational and has experienced remarkable improvements in quality output, quickly establishing itself as a key player in the country’s textile industry.

Finally, I would like to thank the teams and partners whose leadership, dedication, and creativity are represented by the work reflected in this report. Though there remains much to do, together we can truly make an impact and I am personally committed to keeping Recover’s positive momentum going, to get us closer to achieving our mission.

ANDERS SJÖBLOM