H&M, Lululemon Back $250 Million Fashion Climate Fund To Decarbonise Supply Chain

LONDON, June 8 (Reuters) – Lululemon Athletica Inc (LULU.O)and H&M Group (HMb.ST) are among backers of a $250 million fund aiming to speed up efforts to cut carbon emissions in the fashion industry’s supply chain, non-profit group Apparel Impact Institute said on Wednesday.

Bringing together clothing brands, philanthropic donors and other industry stakeholders, the institute’s Fashion Climate Fund also hopes to unlock a further $2 billion in funding once effective solutions have been found and scaled up. Read more at Reuters.