H&M Foundation's 'Oscars' for fashion innovation - meet the European finalists hoping to win
11 mars 2025
13:35
The H&M Foundation, funded by the family that majority-owns the retail giant, has announced the 20 finalists for this year’s Global Change Award. Among the companies pursuing innovations designed to decarbonise fashion are a number of European startups. Impact Loop takes a look at what each has to offer.
Founded in 2015, the Global Change Award, run by the H&M Foundation (distinct from the retail chain but run by the same family), has given out awards and grants worth around eight million euros ($8.7m) to 46 companies or groups working on early-stage innovations around sustainability in the fashion industry.
While H&M the retail chain have long made their presence known in the world of sustainability, some recent moves – closing an innovation department and cutting climate-related jobs - have however called into question their commitment.