H&M Foundation is a founding partner and investor in the Resilience Fund for Women in Global Value Chains, a first-of-its-kind collaborative funding initiative.
Waste pickers serve an important societal function by picking up, cleaning, sorting and segregating recyclable waste and selling it further up the value chain. But they lack social acceptance and dignity. Creating societal recognition of their work as having economic and environmental value is important. As part of our initiative Saamuhika Shakti, BBC Media Action have launched “Invaluables” – a communication initiative designed to shift perceptions about waste picking and informal waste pickers in Bengaluru, India.
We aim to make lasting, positive changes in the world, and through the years we have improved the lives for millions of people across the world. However, even with the best intentions, things don’t always go as planned. By challenging ourselves and our partners to think innovatively to find improved solutions, we might triumph with one thing and nose-dive with another. It’s a learning process. “As so often, the biggest insights seem obvious once you reach them,” says Maria Bystedt at H&M Foundation.
H&M Foundation and Social Alpha have joined hands to launch “Techtonic – Innovations in Waste Management”, a nationwide grand challenge in India to identify and curate locally designed, disruptive innovations addressing problems in waste management and improving the livelihoods of waste pickers.
Together with eight organisations H&M Foundation has launched a unique initiative to address the quality of life of waste pickers and their families in Bangalore, India. By taking a holistic approach the vision is to addresses the broken systems that keep waste pickers in poverty, while tackling challenges in the waste management sector. The goal is to enable waste pickers to have greater agency to lead secure and dignified lives.
H&M Foundation has been working with WaterAid to support access to clean water and sanitation, since 2014. During the second phase of our Global Program, 190,000 people in some of the world’s poorest communities were reached. Now, WaterAid has launched a learning report based on lessons emerging from the program.
The H&M Foundation is initiating a long-term project to support women garment workers in Bangladesh, affected by the global pandemic as well as the increased automation of the textile industry. Lives as well as millions of jobs are at risk, and there is an urgent need to minimize the negative impacts of COVID-19 on female textile workers as well as creating a skilled female workforce for the future.
Over the last months Covid-19 has created a global health and economic crisis that is testing everyone of us. For our 23 partners in 46 countries who are working to improve living conditions through projects within Education, Equality, Water and Planet this new reality has challenged the everyday work and the plans and goals that were set.
Women’s daily enterprise earnings increased by 91% and 33% more women took up leadership positions, thanks to our Global Program with CARE. Almost 270,000 women have been supported since 2014.
The world’s top 100 investors received an investment opportunity from Unfounded Ltd with the potential to unlock USD 330 billion in annual global revenue. The twist? The company might not be real, but the all the data and figures are – and so is the potential of women in business. Women make up half the world’s population, yet female-founded start-ups only get about 3% of global venture dollar volume. By not giving women entrepreneurs equal access to finance, investors keep missing out on what could become the new Apple Inc. or Amazon.com – every year.