H&M Foundation supports The Fashion ReModel with 16,5 million SEK. The project redefines revenue in fashion through rental, repair, resale, and remake practices, promoting circular business models. Led by the Ellen MacArthur Foundation, it aims to decouple income from new garment production, fostering industry-wide transformation.
A groundbreaking report by Circle Economy, funded by the H&M Foundation, emphasises urgent action for the textile industry to enhance circularity and reduce its environmental impact through recycling, reuse, and sustainable practices to ensure a more sustainable future for the sector.
The Open Lab in Hong Kong, launched by HKRITA and the H&M Foundation, serves as a global hub for sustainable innovation in textiles. Focused on climate action and collaboration, it showcases over 80 R&D projects to transform the fashion industry.