1. H&M, Gap, Mango commit to collective financing in Bangladesh.
- Author
-
Lawler, Rachel
- Subjects
MANGO ,WIND power ,RENEWABLE energy transition (Government policy) - Abstract
H&M, Gap, Mango, and Bestseller have committed to a collective financing program called the Future Supplier Initiative, which aims to support the decarbonization of the apparel sector in Bangladesh. The initiative, facilitated by the Fashion Pact and in partnership with the Apparel Impact Institute, Guidehouse, and DBS Bank, offers a collective financing model to transition to renewable sources in garment and textile factories. The program will prioritize factories based on impact and provide technical support and financial incentives to help them meet their Science-Based Targets. The initiative aims to address the gap between ambition and action in the fashion sector's sustainability goals. [Extracted from the article] more...
- Published
- 2024