Fashion is one of the world's most wasteful and costly industries, and customers are more inclined than ever to purchase cheap clothes at fast fashion retailers. But the issue is these garments often get worn a handful of times before being thrown away, creating massive amounts of waste. How can the industry make a change? Peter Majeranowski, President and CEO of Circ, joins Closing Bell to explain how the company's proprietary textile recycling tech creates new garments from old materials, how the company plans to meet its 2030 sustainability goals, and more.