Fashion Forward: HSBC and Walmart Invest in $4 Million to Apparel Impact Institute’s Fashion Climate Fund
Fashion Forward: HSBC and Walmart Invest in $4 Million to Apparel Impact Institute’s Fashion Climate Fund
New York, NY, December 14, 2023: The global fashion industry continues its journey towards sustainability with two major financial commitments. HSBC has pledged $4 million to the Apparel Impact Institute's Fashion Climate Fund, while the Walmart Foundation has granted $1.5 million to Accelerating Circularity, an initiative focused on circular economy solutions.
HSBC Supports Climate Action:
HSBC's contribution to the Fashion Climate Fund will support projects that reduce greenhouse gas emissions throughout the apparel supply chain. This aligns with the bank's commitment to sustainable finance and its goal of achieving net-zero emissions by 2050.
The Fashion Climate Fund has...