Schmidt Family Foundation

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 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.