PVH Foundation joins Fashion Climate Fund as donor
23/09/2022
The Fashion Climate Fund was launched in June this year by the Apparel Impact Institute (Aii), a non-profit organisation whose founders include the Sustainable Apparel Coalition (SAC), the Natural Resource Defense Council (NRDC) and corporations such as Target, Gap, HSBC and PVH. The fund seeks to raise $250 million as a “catalysis” to unlock $2 billion (in equity and debt or loans) to modernise the apparel industry and halve its carbon emissions by 2030.
The measures Aii has earmarked for investment include supporting the transition to renewable electricity, improving energy efficiency, eliminating coal in manufacturing, scaling sustainable materials and practices, and accelerating next-generation materials.
Stefan Larsson, PVH Corp. CEO commented: “We know that collaboration and funding are critical to driving solutions that address the fashion industry’s contributions to climate change and are proud to be supporting the Fashion Climate Fund in this work.”
Share this story:
