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The banks and brands backing fashion industry decarbonisation

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The banks and brands backing fashion industry decarbonisation


Aii – changing the market around sustainable finance

Aii is a global nonprofit dedicated to identifying, funding, scaling, and measuring the fashion industry’s environmental impact solutions, working with leading brands and retailers including Target, Gap, PVH, Lululemon, H&M Group, and Ralph Lauren. 

The Fashion Climate Fund is a first-of-its-kind collaborative model between philanthropy and corporate entities, with lead partners being Lululemon, H&M Group, PVH, Target Corporation, HSBC, H&M Foundation and The Schmidt Family Foundation.

The fund was launched in June, 2022, with those backers committing to contributing $10 million over eight years to target fashion’s supply chain. It aims to reach $100 million in philanthropic donations, and $150 million each from brands and manufacturers, to unlock and additional $1.6 billion in debt and equity financing.

“We’re really trying to change the market around sustainable finance, ensuring that suppliers are getting the right kind of financial tools or funding available that make this more incentivised for suppliers,” said Aii president Lewis Perkins, of the group’s strategy.

Cementing its position as a leader in finance solutions to enable supply chain decarbonisation, H&M Group recently teamed up with Southeast Asia’s largest bank, DBS, to launch a first-of-its-kind, collaborative finance tool.



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