H&M Foundation revamps Global Change Award to award €200k annually, aiming to reduce textile industry emissions by 50% every decade and reach net-zero by 2050.

The H&M Foundation is realigning its strategy to help the textile industry reduce greenhouse gas emissions by 50% every decade, aiming for net-zero by 2050. The newly launched Global Change Award 2025 seeks innovative solutions for high-emission areas, transitioning to a nomination-based process. It will award €200,000 to ten winners annually, who will also join a year-long Changemaker Programme and access a network of industry leaders. Winners will be revealed in April 2025.

October 23, 2024
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