BizSugar.com › Global › Global Change Award 2016: An innovation challenge by H&M Foundation

The Global Change Award is an innovation challenge, initiated by non-profit H&M Foundation in 2015. By catalysing early innovations that can accelerate the shift from a linear to a circular fashion industry, the aim is to protect the planet and our living conditions.

The H&M Foundation is privately funded by the Stefan Persson family, founders and the main owners of H&M. Since 2013, the family has donated SEK 1.1 billion (USD 154 million, EUR 123 million) to the Foundation.