H&M Launches Global Change Award to Accelerate Net-Zero Textile Industry by 2050.
The H&M Foundation has announced a significant strategic shift, now focusing on promoting just and fair climate solutions to achieve a net-zero textile industry by 2050.
Key Impact Points:
1. Strategic Shift: H&M Foundation refocuses mission to promote just and fair climate solutions for the textile industry.
2. Global Change Award Update: Seeks innovative ideas to decarbonize the textile value chain, awarding $250,000 to each of 10 winners annually.
3. Supporting Early-Stage Innovators: Addresses funding gap for high-potential ideas deemed too risky by traditional investors.
Watch Video: H&M
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