Women's Wear Daily
“Apparel Impact Institute released its annual impact report Monday detailing the progress made on its programs.
Under the Fashion Climate Fund, Aii looks to mobilize $250 million in catalytic funding alongside partners such as H&M Group, H&M Foundation, Lululemon, PVH Foundation, Target Corp. and the Schmidt Family Foundation, in the next seven years, to help fashion halve its emissions by 2030.
In 2022 alone, Aii partners invested more than $8 million in factories through Aii programs. Aii also grew capacity year-over-year to 380 facilities (up from 295), 29 brand participants (up from 27) and one manufacturer — amounting to more than $4 million in savings by greener supply chain methods, according to the group.”