- The $250M Fund will be used to identify, fund, scale, and measure verified impact solutions to decarbonize and modernize fashion industry supply chains.
- 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.
“The urgency to address the climate issues has never been more acute. Early-stage innovations and new solutions play a critical role, but the impact does not happen before they can be scaled, and the industry starts adopting and implementing them. The Fashion Climate Fund will support new programs and solutions with a structured pipeline for getting from pilot to scale. We believe it provides a powerful mechanism to overcome the challenges of getting new solutions implemented by the industry, and thereby accelerate the progress on climate action.”Christiane Dolva, Strategy Lead Planet Positive, H&M Foundation
Aii and its lead partners have established the Fashion Climate Fund to drive collective action to tackle fashion’s supply chain emissions. By leveraging a first-of-its-kind collaborative funding model for fashion between philanthropy and corporate entities, the Fund could unlock an estimated $2B in blended capital across various asset classes, including debt and equity, to help meet the industry’s goal to halve carbon emissions by 2030.
“By aligning industry leaders and climate-focused philanthropists behind scalable solutions, the Fashion Climate Fund opens a pathway for greater collaboration and cross-pollination of solutions, facilitating greater investment and stronger collective action toward the industry goal of halving emissions by 2030, while also seeking climate justice for the citizens and communities where our fashion is made.”Lewis Perkins, President of Aii
Read full press release at apparelimpact.org.
See project page.