Green

Swarovski Foundation Sets Green Project With United Nations

LONDON — Nadja Swarovski is back, with big plans for the Swarovski Foundation, including a sustainability project with the United Nations set to be unveiled on Tuesday.

Swarovski has moved on following a management reshuffle at the family-run business last year, and is dedicating herself full-time to the foundation, which she created in 2013 and which has sustainability, environmental and social issues at its core. She remains a member of the Swarovski executive board.

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On Tuesday the Swarovski Foundation will unveil a program aimed at challenging creative talents across a variety of sectors, including design, fashion and engineering, to create, invent and make in a sustainable manner.

Known as Swarovski Foundation Institute: Creatives for Our Future, the new global grant program has been devised with the United Nations Office for Partnerships.

The aim is to “identify and accelerate” the next generation of creative leaders in sustainability in

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Fashion Goes Green to Raise Capital | BoF Professional, News & Analysis

Over the past year, fashion companies from Adidas to Chanel have issued hundreds of millions of dollars in debt to meet environmental targets, betting that there would be plenty of investors interested in financing green projects. Last week, it was H&M’s turn.

The Swedish fast fashion giant made plans to issue €500 million ($607 million) in bonds that will go towards goals ranging from increasing the use of recycled materials to reducing greenhouse-gas emissions by 10 percent.

H&M’s announcement is the latest example of a trend growing across industries as companies seek to tap into appetite for environmental, social and corporate governance (ESG) financing. It extends to a variety of financial products from sustainability-linked bonds — a current favourite among fashion companies — to green and social-impact bonds that help businesses fund social and environmental projects across their companies and supply chains. Roughly $4 billion in sustainability-linked bonds were issued

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