In line with the EU Green Deal and the Circular Economy Action Plan, we as HUGO BOSS aim to contribute to continuously lowering the environmental impact of our business activities. We are convinced that the future of business will be a circular system, where products are made to last, and made from safe input that can be recycled and predominately derive from and can stay in closed loops. Our target by 2030 is that 80% of our product range is part of the circular economy. In this regard, we support the EU’s plans to make more sustainable products a norm as part of the Sustainable Product Initiative (SPI). We expect that the SPI will create the needed level playing field when it comes to design and/or technical requirements of textiles to make them fit for the circular economy.
We would like to make a few remarks on the Commission’s published proposal, which can be found attached to this statement.