Lululemon, H&M Group Contribute To $250M Fashion Climate Fund

Author: Shivani Kumaresan | June 08, 2022 12:40pm

• Non-profit group Apparel Impact Institute said apparel retailers Lululemon Athletica Inc (NASDAQ:LULU) and Hennes & Mauritz AB (OTC:HMRZF) were among the lead funders for the new $250 million Fashion Climate Fund.
• The $250 million funds will be used to identify, fund, scale, and measure verified impact solutions to decarbonize and modernize fashion industry supply chains.
• The Fund is designed to unlock an estimated $2 billion in blended capital in additional asset classes, including debt and equity, to help meet the industry’s ambition to halve carbon emissions by 2030.
• Apparel Impact Institute works to operationalize and accelerate climate action and sustainability solutions in fashion.
• Price Action: LULU shares are trading higher by 0.66% at $308.22 on the last check Wednesday.

Posted In: HMRZF LULU