Lululemon Athletica Inc and H&M Group are among backers of a $250 million fund aiming to speed up efforts to cut carbon emissions in the fashion industry's supply chain, non-profit group Apparel Impact Institute said on Wednesday.
Bringing together clothing brands, philanthropic donors and other industry stakeholders, the institute's Fashion Climate Fund also hopes to unlock a further $2 billion in funding once effective solutions have been found and scaled up.
