
10 Global Change Awards winners are unveiled
H&M Foundation, the non-profit organisation, has unveiled the 10 early-stage innovations it said are 'set to reshape the fashion industry – from clean tech recycling in China to community-powered circularity in Ghana'.
They're the winers of the Global Change Award 2025, 'spotlighting groundbreaking ideas aimed at decarbonising the fashion industry in a just way'.
Each winner will receive a €200,000 grant and take part in the year-long GCA Changemaker Programme designed to accelerate the industry's journey toward net-zero and offering a mix of 'innovation support, systems thinking and personal growth'.
The winners come under a variety of categories. In Responsible Production they include Thermal Cyclones from the UK whose 'revolutionary industrial heat pumps can replace traditional boilers and reduce energy consumption by over 75%'; and Pulpatronics, also UK-based, whose metal-free, chipless RFID paper tags are 'recyclable, cost-effective, and made with carbon-based ink'.
And from China, there's DecoRpet, a low-temperature decolorisation process that 'slashes energy use while delivering high-quality recycled PET for new textile production'.
In Sustainable Materials & Processes India's A Blunt Story that makes Uncrude, a plastic-free sole made from bio-based and recycled materials as 'a clean break from fossil-based footwear'; the UK's Brilliant Dyes harnesses the power of cyanobacteria, with the start-up creating biodegradable dyes via a low-energy extraction method. Meanwhile Decarbonization Lab from Bangladesh is a dedicated R&D space pioneering low-emission with a focus on textile treatments and dyeing techniques 'to modernise outdated industry practices'; and Sweden's Renasens is a waterless, chemical-free technology that turns blended textile waste into raw materials with no depolymerisation and no pollution.
In Mindful Consumption, the UK's Loom is an 'intuitive tech platform that connects users with designers to upcycle unworn clothes into one-of-a-kind pieces'.
And the Wildcards category features the Revival Circularity Lab from Ghana. It's a creative hub in Accra's Kantamanto Market that turns textile waste into value, 'empowering artisans and building local circularity'.
'To truly decarbonise fashion, we need to reimagine every part of the value chain – from how fibres are made to how garments are reused,' said Karl-Johan Persson, founder and board member of the H&M Foundation.
Hashtags

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

LeMonde
4 hours ago
- LeMonde
ECB cuts interest rates to 2% as Eurozone struggles to regain momentum
The European Central Bank's easing cycle reached the one-year mark on Thursday, June 5, when policymakers delivered another interest rate cut amid growing concerns about the struggling eurozone economy and global trade tensions. The ECB cut its key deposit rate a quarter point to 2%, as widely expected, its seventh consecutive reduction and eighth since June last year when it began lowering borrowing costs. It also lowered its inflation forecast for 2025, with consumer price increases now expected to hit the central bank's 2% target this year. With inflation under control following a post-pandemic surge, the ECB has shifted its focus to dialling back borrowing costs to boosting the beleaguered economies of the 20 countries that use the euro. US President Donald Trump's tariffs have added to an already uncertain outlook for the single-currency area, with Europe firmly in his crosshairs, fuelling fears about a heavy hit to the continent's exporters. Announcing the rate decision, the ECB struck a measured tone about the US levies and the potential for retaliation. It noted that the "uncertainty surrounding trade policies is expected to weigh on business investment and exports," but added that "rising government investment in defense and infrastructure will increasingly support growth over the medium term." "Higher real incomes and a robust labor market will allow households to spend more. Together with more favorable financing conditions, this should make the economy more resilient to global shocks," it added. It left its growth forecast for 2025 unchanged at 0.9%. It also said inflation was now around target, dropping previous language that it was "on track." Eurozone inflation came in at 1.9% in May. All eyes will now be on ECB President Christine Lagarde's post-meeting press conference for any hints that the Frankfurt-based institution might be gearing up to pause its cuts in July to take stock of developments, as some expect. The ECB's series of cuts stands in contrast to the US Federal Reserve, which has kept rates on hold recently amid fears that Trump's levies could stoke inflation in the world's top economy. Lagarde may also face questions on her own future after the Financial Times last week reported she had discussed leaving the ECB early to take the helm of the World Economic Forum, which organizes the annual Davos gathering. The ECB has insisted that Lagarde is "determined" to finish her term, which ends in 2027.


France 24
5 hours ago
- France 24
Clean energy investment rising despite economic uncertainty: IEA
While the Trump administration has been hostile to renewable energy sources and trumpets boosting oil production, the IEA said security concerns as well as rising demand for electricity -- including from artificial intelligence and data centres -- is driving investment in clean energy sources. "Amid the geopolitical and economic uncertainties that are clouding the outlook for the energy world, we see energy security coming through as a key driver of the growth in global investment this year to a record $3.3 trillion as countries and companies seek to insulate themselves from a wide range of risks," Executive Director Fatih Birol said as the IEA published its latest annual World Energy Investment report. It expects investment in clean technologies, including nuclear and electricity distribution grids, to hit a record $2.2 trillion this year. Meanwhile, investment in oil, natural gas and coal is set to dip to $1.1 trillion, as companies react to falling prices and lower demand expectations. Most of drop is due to investment in US oil production, while investment in liquefied natural gas (LNG) projects there and elsewhere is expected to lead to the largest-ever capacity growth in 2026-2028. Since returning to the White House, Trump has slapped a 10 percent tariff on most trading partners, alongside higher rates on dozens of economies, including China and the European Union, that have since been reduced or put on pause until early July while negotiations are held. Earlier this week the OECD slashed its annual global growth forecast, warning that Trump's tariffs blitz would stifle the world economy. But energy investments haven't suffered yet. "The fast-evolving economic and trade picture means that some investors are adopting a wait-and-see approach to new energy project approvals, but in most areas we have yet to see significant implications for existing projects," Birol said. US renewables to 'level off' But the IEA said the shift in US policies would impact investment there in renewables. "Spending on renewables and low-emissions fuels in the United States almost doubled over the last 10 years but is now set to level off as supportive policies are scaled back," it said. The report found the rapid rise in electricity demand -- for industry, cooling, electric mobility, data centres and AI -- was also shaping investment trends. The sector is expected attract $1.5 trillion in investments this year, 50 percent more than fossil fuels. The IEA also noted that nuclear energy has been making a comeback as electricity demand from data centres risks doubling in the next five years. While renewables are expected to meet most of that additional demand, the steady supply that nuclear plants offer have prompted a number of tech companies to enter into supply agreements. But the Paris-based IEA, which advises industrial nations on energy policy, warned that spending on electricity grids was not keeping up with investment into generation. In addition to lengthy permitting procedures, grid expansion was also being held back by tight supply of transformers and cable, it found. Despite the rising levels of investment in renewable energy production, the IEA said it must double to achieve the goal set at the 2024 UN climate conference: a tripling of the installed renewable capacity by 2030. And the urgent demand for power means new plants using dirty fuels such as coal are still being built, with a four percent increase in investment expected this year. "In the face of rapid electricity demand growth and concerns linked to security of supply, such as various geopolitical risks as well as uncertainties over hydropower output, China and India are approving increasing amounts of new coal-fired power," said the IEA report.


Fashion Network
7 hours ago
- Fashion Network
Prada to acquire 10% stake in leather manufacturer Rino Mastrotto
The Prada Group is strengthening its presence in the leather supply chain with a new strategic agreement signed with Rino Mastrotto. The deal, which brings the Milanese luxury group into the capital of the Vicenza-based company with a 10% minority stake, includes the contribution to Rino Mastrotto Group of 100% of Conceria Superior SpA—subject to the purchase of the shares not yet owned—and of Tannerie Limoges. The operation further solidifies the relationship between the two companies, supporting long-term strategic development. The closing is expected between the end of the second and the beginning of the third quarter of 2025, subject to certain conditions being met. "By entering Rino Mastrotto, we are strengthening our control over a highly strategic phase of the production process. Our groups share a passion for quality, innovation, and sustainability, and we are pleased to foster synergies and consolidation to reinforce the supply chain and the Made in Italy label," said Patrizio Bertelli, chairman and executive director of the Prada Group. "The Prada Group's entry into our shareholding structure validates our longstanding collaboration and mutual respect while bringing a broader industrial vision focused on long-term growth," said Matteo Mastrotto, CEO of Rino Mastrotto Group. The Prada Group acquired a stake in Conceria Superior in 2022. Founded in the 1960s, the company specializes in calfskin processing and is now one of the leading tanneries in the Santa Croce sull'Arno district. On the other hand, French lambskin specialist Tannerie Limoges sold a majority stake to Prada in 2014. Based in Trissino, the Rino Mastrotto Group is backed by Renaissance Partners and the Mastrotto family. The company employs over 1,300 people across five continents and generates approximately €360 million. annual revenues Its portfolio includes high-profile businesses such as Basmar and Pomari, Nuova Osba, Tessitura Oreste Mariani, and Mapel.