On August 25, the H&M Foundation launched the first ever Global Change Award − one of the world’s biggest challenges for early stage innovation and the first such initiative in the fashion industry. By catalysing green, truly ground-breaking ideas the aim of the challenge is to protect the earth’s natural resources by closing the loop for fashion.
The H&M Foundation in support of UNICEF presented a new currency to the world – the Unicoin. The initiative aimed to enable children to support the right for other children around the world to access learning opportunities from an early age. The only way to get hold of a Unicoin was to exchange a drawing at a campaign site. And the only way to spend it is on educational supplies.