The $250 million Fashion Climate Fund (FCF) has received a new shot of $4 million from HSBC to drive forward FCF’s mission of driving industry-wide convergence to modernise apparel and footwear supply chains to meet the industry’s ambition to halve carbon emissions by 2030.
Global nonprofit Apparel Impact Institute (Aii) has announced the first grant recipients from its Climate Solutions Portfolio that seeks to promote decarbonisation in the fashion industry.
Target Corporation would be a new lead funder of the $250 million Fashion Climate Fund of the Apparel Impact Institute, which is working towards meeting the fashion industry's step towards reducing carbon emissions.
The PVH Foundation is joining the $250 million Fashion Climate Fund as a lead funder with a $10 million contribution. This advances the Fund’s aim to drive industry-wide convergence to modernise the fashion industry supply chain and meet the industry’s ambition to halve carbon emissions by 2030.
The Apparel Impact Institute(AII) has announced the lead funders in its new $250 million Fashion Climate Fund. A first-of-its-kind collaborative funding model for fashion could unlock an estimated $2 billion in blended capital across various asset classes, to help meet the industry's goal to halve carbon emissions by 2030.