Knowing how polluting the clothing industry is the mortgage system is another sustainable initiative that encourages the consumer to by less new products.
By extending the life of the a jacket we are reducing the need to buy a new one, and this will reduce CO2 emissions, waste and the consumption of water for production in the long run. In the future, our goal is to produce less new jackets, and to re-sell more 2nd hand jackets, minimizing production and CO2 outlet caused from this. With the Mortgage System, we give the consumer the opportunity to sell the jacket back to us.
The jacket will have higher mortgage value if you decide to buy a new jacket. If the customer sells the jacket back to us for cash, the mortgage value will be up to 20% of the original prize based on the condition of the jacket . If the customer decides to buy a new jacket, the mortgage value will be up to 30% of the original prize based on the condition of the jacket.