H&M and Lululemon support $250 Million Fund to Tackle Fashion’s Climate Impact

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According to the non-profit organization Apparel Impact Institute, Lululemon, H&M Group, H&M Foundation, and The Schmidt Family Foundation are among the fund’s supporters. The $250 million fund aims to accelerate efforts to reduce carbon emissions in the fashion industry’s supply chain.

Pioneering a collaborative funding model between philanthropy and corporate entities, the Fund is designed to unlock an estimated $2B in blended capital in additional asset classes, including debt and equity, to help meet the industry’s ambition to halve carbon emissions by 2030.

Apparel Impact Institute is working toward goal of building this $250 million-grantmaking engine, which was established to drive collective action to tackle fashion’s carbon emissions by identifying, funding, scaling, and measuring verified impact solutions to decarbonize and modernize fashion industry supply chains.

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