
H&M Foundation names Global Change Award winners
The annual awards aim to spotlight 'groundbreaking ideas aimed at decarbonising the fashion industry,' focused on supporting early-stage fashion innovation to accelerate the industry's journey toward net-zero.
The 2025 award winners come from across the globe, including four from the UK, Germany, India, China, Ghana, Sweden and Bangladesh, covering innovations focused on responsible production, sustainable materials and processes, mindful consumption and 'wildcards,' for those 'unexpected, cross-cutting or catalytic ideas'.
Each winning innovation in this year's contest is geared towards halving the industry's greenhouse gas emissions every decade and reach net-zero by 2050, 'in a way that's just for both people and planet,' and includes ideas such as smart recycling and heat pumps designed to replace outdated gas and oil steam boilers to radically inclusive circular systems.
Annie Lindmark, programme director at H&M Foundation, said in a statement: 'GCA is about more than specific innovations. It's about reimagining the entire fashion system. One innovation alone won't fix fashion – we need to shake the foundations and innovate how we innovate.
'That's why we back bold thinkers at the very start of their journeys. These changemakers aren't just solving problems, they're challenging outdated systems and showing us what a new future could look like. It's time to stop tweaking and start transforming.'
Each winner will receive a 200,000 euro grant and take part in the year-long 'hands-on' GCA Changemaker Programme offering a mix of 'innovation support, systems thinking and personal growth'. The 10 Global Change Award 2025 winners
Within the Responsible Production category, two start-ups from the UK have been recognised, including Thermal Cyclones, a 'revolutionary industrial heat pumps can replace traditional boilers and reduce energy consumption by over 75 percent,' and Pulpatronics, which offers metal-free, chipless RFID paper tags that are 'recyclable, cost-effective, and made with carbon-based ink' geared towards the future of sustainable traceability.
The category also awarded funding to China's DecoRpet, a low-temperature decolourisation process that 'slashes energy use while delivering high-quality recycled PET for new textile production'.
In Sustainable Materials and Processes, the UK's Brilliant Dyes was recognised for its work harnessing the power of cyanobacteria, creating biodegradable dyes with a low-energy extraction method. They are joined by German start-up CircularFabrics and its NyLoop technology, which recovers high-quality nylon from blended textile waste, closing the loop on one of fashion's most used materials, and A Blunt Story from India that makes Uncrude, a plastic-free sole made from bio-based and recycled materials as 'a clean break from fossil-based footwear'.
The category also features the Decarbonization Lab from Bangladesh, a dedicated research and development space pioneering low-emission with a focus on textile treatments and dyeing techniques, 'to modernise outdated industry practices' and Sweden's Renasens, a waterless, chemical-free technology, which turns blended textile waste into raw materials with no depolymerisation and no pollution.
In Mindful Consumption, the UK's Loom was honoured for its 'intuitive tech platform that connects users with designers to upcycle unworn clothes into one-of-a-kind pieces'.
While in the 'wildcards' category, the Revival Circularity Lab from Ghana receives funding for its creative hub in Accra's Kantamanto Market that turns textile waste into value, 'empowering artisans and building local circularity'.
Karl-Johan Persson, founder and board member of the H&M Foundation, added: 'To truly decarbonise fashion, we need to reimagine every part of the value chain – from how fibres are made to how garments are reused.
'These changemakers remind us that transformation starts with imagination and action. Their ideas demonstrate concrete ways to challenge the status quo and move the industry towards a net-zero future.'
Since 2015, the GCA has supported 56 innovations with a combined grant of 10 million euros, all focused on the evolving needs of the industry's greatest challenge – decarbonisation.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
2 hours ago
- Reuters
Breakingviews - Italian insiders send bank M&A down messy path
LONDON, Aug 21 (Reuters Breakingviews) - The M&A scrap over Italy's Mediobanca ( opens new tab has ended, and CEO Alberto Nagel has lost. That's the key takeaway from a shareholder vote on Thursday. Investors in the 17-billion-euro ($20 billion) lender effectively blocked a bid for Banca Generali ( opens new tab, which formed a key part of Nagel's defence against a hostile offer from 10-billion-euro Banca Monte dei Paschi di Siena (MPS) ( opens new tab. The only question now is whether MPS ends up raising the price for a deal with questionable financial logic. Nagel was fighting an uphill battle from the day the state-backed retail bank launched a surprise approach in late January. Close to 30% of Mediobanca's stock, according to LSEG data, lies in the hands of the wealthy and politically connected Caltagirone and Del Vecchio clans, who alongside the Italian government also happen to be key anchor shareholders in MPS. That apparent alliance arguably has a common interest in the hostile merger, which would create a so-called 'third pole' to rival local mega-banks UniCredit ( opens new tab and Intesa Sanpaolo ( opens new tab while also facilitating greater control over insurer Assicurazioni Generali ( opens new tab, in which Mediobanca owns 13%. Nagel concocted a defence strategy of sorts. It rested on buying 6-billion-euro wealth specialist Banca Generali, which is majority owned by the similarly named insurer. But he needed the permission of his own investor base to launch that offer, which proved impossible given the voting sway of MPS-affiliated billionaires and other local Italian players. The M&A aggressor, run by Luigi Lovaglio, will now almost certainly succeed with its share-based offer for Mediobanca. The absolute minimum take-up threshold for that bid is only 35% of the target's stock. MPS effectively has almost 30% in the bag already by virtue of the Caltagirone and Del Vecchio families and can probably bank on more judging by the outcome of Thursday's vote, in which 42% either abstained or opposed Nagel's plan. Mediobanca's share price, which is about 3% above the live value of the MPS equity-based offer, suggests investors are betting on a price hike. That may be necessary to avoid a messy scenario where Lovaglio gets stuck with little more than a third of the stock, potentially giving his bank de facto control but without the benefits of full consolidation. Those benefits include the ability to recognise some tax assets at a quicker pace, which MPS has said could boost its capital by up to 500 million euros per year. That would help to recover some value from a deal that otherwise makes little financial sense, given the scant overlap between the two sides. Many independent shareholders on both sides seem to dislike the combination: investors with 35% of Mediobanca stock favoured the Banca Generali deal. MPS shares, meanwhile, are up only 19% this year compared with around a 60% rise for the MSCI Italy Banks Index, suggesting that the market has a dim view of the planned merger. In other words, the Monte dei Paschi crew has won the tactical M&A battle but is still miles away from ultimate financial success. Follow Liam Proud on Bluesky, opens new tab and LinkedIn, opens new tab.


BreakingNews.ie
3 hours ago
- BreakingNews.ie
Marks and Spencer bring back online shopping in Ireland
M&S has brought back online shopping in Ireland. Its customers can now shop fashion, home, and beauty ranges on and through the retailer's app. Advertisement All ranges can be shopped for online for free home delivery on orders above €50, or the M&S free click and collect service can be used to pick up orders from any M&S store across Ireland. Online orders can also now be returned to Irish M&S stores. The retailer thanked its customers for their support: "We are incredibly grateful."


Glasgow Times
4 hours ago
- Glasgow Times
The M&S hack that gives free cake every week and money off
One of the fastest growing 'baby clubs' in the UK the Parent Hood club is part of Marks and Spencer's Sparks loyalty scheme, and parents have been raving about the free cake 'hack', which offers a free slice every Tuesday, when purchasing a tea or coffee in the cafe. Olly and Amelia are parents to 16-month-old Madison and expecting the imminent arrival of their second child next month. Essex based Olly, who also jointly presents a popular Heart FM radio show with fellow M&S brand ambassador, Mark Wright, said that he and Amelia 'can't wait to get started on sharing their world as parents to two young babies, including the chaos and all that goes with it', adding that he first heard about the scheme from Amelia herself. What is the free cake offer at M&S Parent Hood club? The Parent Hood loyalty scheme turns One in August, and is now home to over 230,000 members – one of the fastest growing baby clubs in the UK - and has driven sales of over 1 million baby grows in its first year The Parent Hood 'welcome' offer – 10% off all baby grows for the first 12 months, drove sales of over one million of this baby mainstay, with 45,000 members redeeming this offer – and M&S have now extended this offer to 2 years As part of the Sparks loyalty programme there are discounts tailored to each member. For Mother's Day, every signed-up member received a luxury box of Chocolate biscuits as a special treat. As The Parent Hood turns One, members will receive a choice of a full-sized cake – options include a Red Velvet or a Victoria Sandwich – to help celebrate this special milestone. There's also Free Cake for All every Tuesday at Parent & Baby Coffee Mornings held in M&S Cafe's across the UK. More than 78,000 pieces of cake have been redeemed! 'I've been going to the Tuesday morning Parent Hood club at our local M&S café for the free cake offer to meet my friends and talk about all the joys of early parenting," says Amelia. "The sleepless nights, the times you are leaving the house when you must do a U-turn for a nappy change, all the joys.'. Recommended reading: Amelia adds: 'I really love the community at the cafes every Tuesday and of course the free cake. It gives you the chance to share your own experiences of parenting and sharing tips with each other. You come away feeling that you're not the only one finding it exhausting and sharing your views is so helpful for finding that peace of mind.' Olly is looking forward to spending more time with his young family as he admits that being on tour when Madi, as they call their daughter, was a very young baby, meant that he couldn't always be there to 'change the nappies at night-time and do the nightly feed'. 'I'm going to be around much more this time, and I can't wait for the challenges of having two under two. 'Amelia is such a calming presence and takes it all in her stride – I've learnt so much from her about being more patience and taking your time when it comes to having little ones.'