In exciting news at today’s Global Fashion Summit, the nonprofit Apparel Impact Institute has announced the lead funders in their new $250M Fashion Climate Fund — @Lululemon, H&M Group @hmfoundation and The Schmidt Family Foundation. Despite ambitious climate commitments by fashion brands and retailers, funding for supply chain decarbonization remains a problem. The Fashion Climate Fund is working to tackle this, driving collective action to reduce fashion’s carbon emissions by identifying, funding, scaling, and measuring verified impact solutions to decarbonize and modernize the industry’s supply chains. As a collaborative funding model between philanthropy and corporate entities, The Fund has the ultimate goal of unlocking $2B in more conventional financing to meet the industry’s ambition of halving carbon emissions by 2030. A significant step in accelerating positive impact, we look forward to the additional trailblazers the Fashion Climate Fund will bring on-board. @apparelimpactinstitute #fashionclimatefund