05 Apr '17, 7am

Five H&M Global Change Award winners poised to help fashion industry:

Five H&M Global Change Award winners poised to help fashion industry:

STOCKHOLM - The fashion industry is currently producing 150 billion garments per year , most from virgin resources (cotton, flax, tree-based viscose fibers, etc.) Therefore, it is odd when businesses are not concerned about closing the loop and making fashion more circular . To this end, this week the H&M Foundation will award their second EUR 1 million to innovators poised to help fashion. In their words, To speed up the shift to a circular and sustainable fashion industry, the H&M Foundation launched the innovation challenge Global Change Award in 2015–looking for ideas that can reinvent it all….If the fashion industry could become circular instead of linear, it could efficiently eliminate waste and recirculate raw materials and valuable resources used to produce new goods, creating value for both the environment and for the industry. Innovators were invited to apply for...

Full article: http://magnifeco.com/five-hm-global-change-award-winners-...

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