One of the central concepts of the circular economy is that leasing products may be more sustainable than owning them. By leasing their products, companies can keep control of the materials and ensure they are reused at the end of the product’s life cycle, rather than being thrown away. And for customers, it guarantees that they always have functioning and up to date goods. Assuming the price is right, it should be a win-win situation, especially for expensive things that can be complicated when they go wrong – like household appliances or power tools.
The theory sounds good, but examples aren’t exactly common place. It’s been possible to lease appliances for a long time, and more and more cars are available on a leasing basis. A few places are doing fashion and accessory rentals for special occasions, but generally speaking, most things that we need in life still need to be bought. But here’s a new one: how about leasing your jeans?
is a Dutch company that makes ethical denim, with their jeans either available to buy or to lease. If you lease, you pay a monthly subscription. After a year, you can return the jeans for a new pair and carry on the lease, or you can keep them. If you return them, MUD will either sell on the jeans as secondhand, or recycle the fabric to make new jeans.
I’m interested to try this out myself, next time I’m in the market for a pair of jeans. I’m also interested to see if this works as a viable business model, and if it could ever be applied to clothing less hard-wearing than jeans.
Here’s a little explainer:
- More on the circular economy