The world’s largest innovation challenge to transform the fashion industry is now open for applications. The Global Change Award 2022 is seeking early-stage innovations contributing to a planet positive fashion industry by addressing the earth’s global commons: land, water, oceans, climate and biodiversity. Winners get to share a grant of 1 million euro, provided by the H&M Foundation.
Finding a high-quality alternative to skin and rawhide leather has been a hard nut to crack for the fashion business. Up until when VEGEA found a solution in the winemaking business. Potential partners are now lining up to collaborate with the Italian company.
‘The Billion Dollar Collection’, launched today by non-profit H&M Foundation, presents 10 innovative sustainable start-ups that could change the face of the fashion industry. Showcased as garments in a virtual fashion collection, each start-up features a price tag reflecting the estimated support each company believes they need to achieve scale for their disruptive innovations.
India is experiencing a devastating second wave of COVID-19 throughout the country. In response to this, the H&M Foundation is donating USD 100,000 to the Red Cross India contributing to urgent support such as COVID clinics, oxygen cylinders, testing and screening.
In April we met up with our GCA community for a virtual Alumni Week to connect and collaborate, and to infuse inspiration, energy and confidence into the GCA winners important quest of making the fashion industry more sustainable.
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.
H&M Foundation is supporting Heart 17, a new global social enterprise bringing people and business together to accelerate the 17 Sustainable Development Goals throughout the world.
Ever heard of “Fleather”? That’s floral waste upcycled to a bio alternative to animal leather and it’s one of the winning innovations of “Techtonic – Innovations in Waste Management”, a joint initiative of Social Alpha and the H&M Foundation.
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.
With less than nine years to achieve the UN Sustainable Development Goals 2030 (SDG), it’s clear that the necessary changes are not happening at the speed or scale required. To accelerate progress, the H&M Foundation is broadening the commitment. Together with an ecosystem of over 30 partners we announce a new direction to tackle the world’s most urgent challenges. In a first step, we commit more than SEK 300 million to support initiatives and more is in the pipeline.