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H&M Foundation announces Global Change Awards for sustainable fashion

"For the second year in a row, H&M Foundation has announced one million Euro grant for innovative ideas in sustainable fashion. The foundation’s ‘Global Change Awards’ recognises new initiatives and ideas to challenge the environmental impact of fashion. The H&M Foundation is a non-profit global foundation, privately funded by the Stefan Person family, founders and main owners of H&M."

 

HM Foundation

For the second year in a row, H&M Foundation has announced one million Euro grant for innovative ideas in sustainable fashion. The foundation’s ‘Global Change Awards’ recognises new initiatives and ideas to challenge the environmental impact of fashion. The H&M Foundation is a non-profit global foundation, privately funded by the Stefan Person family, founders and main owners of H&M.

Focus on making fashion industry circular

HM Foundation announces Global Change Awards for sustainable fashion

“The Global Change Award aims to spark ideas that enable products and resour ces to have more than one life. Finding ways to reinvent the fashion industry is a fundamental part of a more sustainable future. Moving towards a circular fashion industry is of immense importance. Even though it’s challenging, it also opens up great opportunities, and makes clear business sense” says Karl-Johan Persson, Board Member of the H&M Foundation and CEO of H&M. Johan goes on to explain innovations that occur as a result of the awards will not be “owned” by H&M, they will be made available to the whole fashion industry. The Global Change Award aims to speed up the transition to a circular business model for the entire fashion industry.

One of the key concepts for this year’s Global Change Awards is ‘making the fashion industry circular’. The ‘circular economy’ is an economic model designed to eliminate waste and restore valuable resources. This applies to all areas of the fashion industry, and to achieve it the fashion industry needs to reinvent itself: how to design, what materials to use, how to dye, cut and sew, ship, sell, own, use and dispose fashion. “New technology, business models and materials can make this possible. By transforming to a circular model, the fashion industry will be able to produce fashion for a growing world population while operating within the planetary boundaries and ensuring a long term viable business,” explains Erik Bang, Project Manager, Global Change Awards.

Comepetition will be over three categories this year: Circular business models, Circular Materials and Circular Processes. While Circular Business Model covers ideas on how to reuse, repair, share, digitalise or extend the life of products, Circular materials will cover ideas on new fibres, recycle techniques, and leather substitutes, etc. Circular processes would find new methods around chemicals, water and dyeing, as well as 3D printing, demand-driven manufacturing, etc.

The Who’s Who in the judges panel

The judges would include  David Roberts,  Founder of Exponential Leadership & chairman in 1Qbit Information Technologies Inc, Rebecca Earley, Professor in sustainable textile and fashion design at University of the Arts London , Ellis Rubinstein,  president and CEO, The New York Academy of Sciences among others

 
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