Aii Introduces The New $250M Fashion Climate Fund
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Apparel Impact Institute Announces Lead Funders for New $250M Fashion Climate Fund, Uniting Brands, Philanthropic Donors, and Industry Stakeholders
Aii is thrilled to announce the lead funders in our new $250M Fashion Climate Fund — Lululemon, H&M Group, H&M Foundation, and The Schmidt Family Foundation — and we are inviting the industry and philanthropy to join these trailblazers!
Pioneering a collaborative funding model between philanthropy and corporate entities, the Fund is designed to unlock an estimated $2B in blended capital in additional asset classes, including debt and equity, to help meet the industry’s ambition to halve carbon emissions by 2030.
We are working toward our goal of building this $250 million-grantmaking engine, which was established to drive collective action to tackle fashion’s carbon emissions by identifying, funding, scaling, and measuring verified impact solutions to decarbonize and modernize fashion industry supply chains.
As we strive to grow the Fashion Climate Fund, we want to thank our current partners and collaborators for their generous and timely support.
By aligning industry leaders and climate-focused philanthropists behind scalable solutions, the Fashion Climate Fund opens a pathway for greater collaboration and cross-pollination of solutions, facilitating greater investment and stronger collective action toward the industry goal of halving emissions by 2030, while also seeking climate justice for the citizens and communities where our fashion is made. We are greatly encouraged by the leadership and decisiveness shown today from these lead partners and honored to play this role as we open up this first phase of the project finance.