READY TO MAKE THE FASHION INDUSTRY PLANET P7SITIVE - 5 INNÖVATIONS GLOBAL CHANGE AWARD WINNERS ANNOUNCED 6 APRIL, 2022 - CISION

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READY TO MAKE THE FASHION INDUSTRY PLANET P7SITIVE - 5 INNÖVATIONS GLOBAL CHANGE AWARD WINNERS ANNOUNCED 6 APRIL, 2022 - CISION
5 INNöVATIONS
READY TO MAKE THE FASHION
 INDUSTRY PLANET P7SITIVE
                             Global Change Award winners announced 6 April, 2022

Press release 6 April 2022                                                         1
READY TO MAKE THE FASHION INDUSTRY PLANET P7SITIVE - 5 INNÖVATIONS GLOBAL CHANGE AWARD WINNERS ANNOUNCED 6 APRIL, 2022 - CISION
PRESS RELEASE 6 April 2022

        H&M Foundation awards 5 innovations a total €1 million grant
        for their efforts to make the fashion industry planet positive
                           This press release is under embargo until 6 april.

   A laundry solution that prolongs garments’ life, AI helping smallholder cotton farmers to increase
    yield and income, an invention realising the circular recycling of elastane and polyester blends,
carbon-negative viscose made from CO2 emissions and regenerative agriculture making planet positive
           alternative to goose down – these are the five Global Change Award winners 2022,
                      sharing a €1 million grant from the non-profit H&M Foundation.

          The H&M Foundation launched the Global Change Award in 2015 to transform fashion
   and make it planet positive, in order for the industry to fulfil the UN Sustainable Development Goals
     by 2030. That means finding and supporting disruptive innovations that address one or several
   of the earth’s global commons – land, water, oceans, climate and biodiversity. As the aim is to find
 innovations that allow major change for the entire industry the winners are free to collaborate with any
                                               actor they want.

   “The winners of the Global Change Award hold the key to the complex challenges we are facing
  and prove that it’s possible to reinvent fashion. Their game-changing innovations are really inspiring
    and can help transform the fashion industry into a planet positive one.” – Karl-Johan Persson,
                    board member of H&M Foundation and Chairman of H&M Group.

            The response from applicants was overwhelming and made it clear that there is
   no shortage of disruptive innovations out there. The momentum to transform the fashion industry
        into a planet positive one, to protect our planet and improve people’s living conditions
                            has never been stronger. This year’s winners are:

              BioPuff® by saltyco (UK) – A planet positive alternative to goose down,
                             crafted from plants that heal damaged land.
 BIORESTORE (Sweden) – A laundry solution that restores old and worn garments to mint condition.
          CottonAce by Wadhwani AI (India) – An AI solution that reduces pesticide use,
                 increases yield and raises incomes for smallholder cotton farmers.
 Re:lastane (China) – The first mild process making elastane and polyester blend fabrics recyclable.
           Rubi (US) – Planet positive viscose and lyocell made from carbon emissions.

            In addition to the financial grant, all five winners also get access to the one-year
    GCA Impact Accelerator programme provided by H&M Foundation in partnership with Accenture,
 KTH Royal Institute of Technology and The Mills, offering the winners invaluable coaching and support,
along with a strong network and memories for life. The GCA Impact Accelerator aims to help the winning
   ideas scale at speed through business, technology, investor and innovation readiness, and industry
      access. It also offers winners a mix of inspiring digital sessions and meetups at key locations.
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READY TO MAKE THE FASHION INDUSTRY PLANET P7SITIVE - 5 INNÖVATIONS GLOBAL CHANGE AWARD WINNERS ANNOUNCED 6 APRIL, 2022 - CISION
ABÄUT THE GLOBAL CHANGE AWARD 2022
Impossible materials, ground-breaking                               Helping innovations scale and accelerate
                                                                    Now, each innovation enters a new phase where the end-goal
recycling techniques and disruptive supply                          is to accelerate it from prototype or early-stage idea into reality.
chain solutions. The Global Change Award                            The GCA Impact Accelerator programme brings the winners
is part of transforming fashion and turning the                     invaluable coaching and support along with a fierce network of
                                                                    brilliant minds and memories for life. The programme enables
entire industry planet positive. Now, we are
                                                                    accelerated scaling of the winning ideas through innovation,
accelerating the reinvention of fashion by                          business, tech and investor readiness as well as industry
supporting five new disruptive innovations.                         access. It also brings winners a mix of inspiring digital sessions
                                                                    and meet-ups at key locations.
The Global Change Award launched as the first innovation
challenge of its kind back in 2015. In the seven years since,       After the year is up, winners move to the GCA Alumni network,
we have received over 20,000 entries and awarded over 30            where they join over 30 incredible, talented and dedicated
disruptive innovations from across the world a combined             teams who meet regularly to collaborate and share tips and
grant of €6,000,000. And the grant is just one perk of winning      insights.
the GCA.
                                                                    Paving way to a planet positive future
Designed for impact                                                 The H&M Foundation launched the Global Change Award
After winning the GCA, the teams split a €1,000,000 grant and       to transform fashion and make it planet positive. That means
venture into a year-long GCA Impact Accelerator programme           becoming an industry that benefits the planet and its global
created by H&M Foundation, Accenture, KTH Royal Institute of        commons instead of harming it and depleting its resources.
Technology and The Mills Fabrica. A programme that is tailored      Innovation has the power to do it, and previous GCA winners
to meet the needs of each team and help them develop and            prove it. Already, several past winners are used by, or in
scale their innovations for impact. Because the fashion industry,   collaborations with, global brands and businesses to transform
the planet and humanity need these innovations to succeed and       the fashion industry.
become available to as many as possible, as soon as possible.
                                                                    Netiher H&M Foundation or H&M Group take any shareholder
In contrast to previous years, the GCA 2022 takes a more            equity or intellectual property rights in the innovations. The
holistic approach in order for the fashion industry to achieve      winners can collaborate with whomever they want, the aim is to
fundamental change before 2030 and fulfil the UN Sustainable        find innovations that allow major change for the entire industry.
Development Goals. Meaning the winning innovations of 2022
are not only focusing on making the fashion industry circular,      Learn more at globalchangeaward.com
but also addresses one or several of the earth’s global
commons – land, water, oceans, climate and biodiversity.
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READY TO MAKE THE FASHION INDUSTRY PLANET P7SITIVE - 5 INNÖVATIONS GLOBAL CHANGE AWARD WINNERS ANNOUNCED 6 APRIL, 2022 - CISION
THE EXPERT PANEL
The Impact Advisors of the GCA Expert Panel 2022 has extensive knowledge within the global commons as well as fashion,
investments, entrepeneurship and innovation. They play an active role in the GCA Impact Accelerator interacting with the winners
in different ways. They all participate pro bono.

CAROLINE BROWN                      BETELHEM DESSIE               WALDEN LAM                      SONAM KAPOOR AHUJA
Managing Director, Closed Loop      CEO of iCog ACC               Co-founder & CEO, unspun,       Actress and social activist
Partners                            (Anyone Can Code) and         GCA winner 2017
                                    Project Advisor of Solve IT

MIRNA INÉS FERNÁNDEZ                MALIN ÅKERMAN                 DR. LIN LI                      RACHEL CERNANSKY
Co-founder, Reacción Climática      Actress and environmental     Director of Global Policy and   Senior Sustainability Editor,
and Steering Committee member,      activist                      Advocacy, WWF International     Vogue Business
Global Youth Biodiversity Network

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READY TO MAKE THE FASHION INDUSTRY PLANET P7SITIVE - 5 INNÖVATIONS GLOBAL CHANGE AWARD WINNERS ANNOUNCED 6 APRIL, 2022 - CISION
QU3TES

April 22            5
READY TO MAKE THE FASHION INDUSTRY PLANET P7SITIVE - 5 INNÖVATIONS GLOBAL CHANGE AWARD WINNERS ANNOUNCED 6 APRIL, 2022 - CISION
VOICES ON THE GLPBAL CHANGE AWARD

KARL-JOHAN PERSSON,                                            CLARA BROOK,                                                  MALIN ÅKERMAN,
Board member of H&M Foundation                                 Strategy Lead Global Change Award, H&M Foundation             Actress and environmental activist
and Chairman of H&M Group

“As a family, we have always felt that we have the             “With a planet positive mindset, the fashion industry can     “The reason why I chose to engage in the GCA expert
responsibility and the possibility to contribute to positive   operate in ways that regenerates instead of depletes the      panel is because innovators within fashion are the ones
change also beyond the company sphere. Through the             earth’s resources. We want the Global Change Award to         that will get us to a climate positive fashion industry – and
H&M Foundation’s opensource approach we can help,              be a catalyzing platform for this transformation, and I see   I am so proud to be a small part of this journey.”
find and support early innovation and thereby speed up         huge potential in this year’s winning innovations.”
the transformation of the fashion industry.”

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READY TO MAKE THE FASHION INDUSTRY PLANET P7SITIVE - 5 INNÖVATIONS GLOBAL CHANGE AWARD WINNERS ANNOUNCED 6 APRIL, 2022 - CISION
MORE VOICES ON THE GLPBAL CHANGE AWARD

JILL STANDISH,                                                 SIGBRITT KARLSSON,                                             VANESSA CHEUNG,
Global lead for Accenture’s Retail industry group              President of KTH                                               Founder of The Mills

“The retail industry has proven decade after decade that       “KTH works for long-term sustainable solutions in both         “The Mills Fabrica, as the innovation arm of The Mills,
it is adaptable and resilient. Embedding sustainability into   research and education. Therefore, it is natural to be part    provides a platform of solutions to accelerate techstyle, an
everything we do will drive new levels of value and impact     of the Global Change Award, which is now returning with        intersection of technology and lifestyle, textile and apparel,
across the industry and for all stakeholders, from employees   renewed strength after the pandemic. Creating solutions        and agrifood tech startups that are tackling some of the
to the customers and wider communities, in addition to         that are good in themselves, and that are part of the          world’s biggest environmental challenges to help transform
shareholders. The Global Change Award continues to be          solution itself – rather than a substitute for what is bad –   the industry across the value chain. We are excited to be
an important initiative in finding and supporting disruptive   is an exciting development in the fashion industry.            part of the Global Change Award, a like-minded partner that
innovations that drive fashion forward in a sustainable and    The breadth and depth of the various contributions'            leads the industry efforts in driving positive impact. We
responsible way.“                                              perspectives show how comprehensive the climate                believe that through industry-wide collaboration and support
                                                               issue is”                                                      for innovations, we can empower stakeholders in integrating
                                                                                                                              sustainable practices in their businesses and catalyze
                                                                                                                              positive systemic change to the industry”
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READY TO MAKE THE FASHION INDUSTRY PLANET P7SITIVE - 5 INNÖVATIONS GLOBAL CHANGE AWARD WINNERS ANNOUNCED 6 APRIL, 2022 - CISION
THE EXPERT PANEL ON THE INN8VATIONS

COTTONACE                              RUBI                                    BIOPUFF® BY SALTYCO                   RE:LASTANE                              BIORESTORE
Betelhem Dessie, CEO of iCog           Dr. Lin Li, Director of Global Policy Mirna Inés Fernández, Co-founder, Walden Lam, Co-founder & CEO                  Sonam Kapoor Ahuja, actress and
ACC, on GCA 2022 winner                and Advocacy, WWF International,      Reacción Climática and Steering        unspun, on GCA 2022 winner               social activist on GCA 2022
CottonAce:                             on GCA 2022 winner Rubi:              Committee member Global Youth          Re:lastane:                              winner BioRestore:
                                                                             Biodiversity Network, on GCA 2022
                                                                             winner saltyco:
“Utilizing AI to modernize what is      “This innovation, if expanded to                                            “The pandemic has highlighted the        “The innovations we see from
commonly known as a traditional         industrial scale, will contribute                                           importance comfort in the clothes        Global Change Award are truly
                                        greatly to CO2  removal   and  bring “Saltyco's innovation provides         we wear, and with that the rising        inspiring. Biorestore is a washing
sector is a step in the right direction
                                        direct and indirect water/land       an  integral solution  addressing      use of blends, especially with           powder, anyone can use it – and it
to solve the smallholder cotton
                                        benefits to nature  and  people.     different environmental and social     spandex. Currently, it's prohibitively   can prolong the life of our
farmers pest problems.”
                                                                             issues  at the same   time. Its                                                 garments. That’s good for our
                                        This potentially can be a carbon                                            costly and nearly impossible to
                                                                                                                                                             planet as well as our own wardrobe.
                                        neutral/negative and nature positive alternative material is not only more recycle blended materials. Realizing
                                                                             sustainable and cruelty free, but it                                            When you buy something that you
                                        solution to our intertwined climate                                         and scaling Re:lastane's innovation      love and feel comfortable in – you
                                        change and biodiversity loss         also assists in the restoration of     will allow us to address a key
                                                                             degraded ecosystems and provides challenge in the recycling of                  want it to last as long as possible!
                                        challenges.”                                                                                                         Scaling this innovation can really
                                                                             a sustainable source of income to      apparel, getting us one step closer      transform the way we use our
                                                                             farmers. This is the kind of solutions to circularity.”
                                                                                                                                                             clothes.”
                                                                             the fashion industry must seek to
                                                                             become a driver of transformative
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READY TO MAKE THE FASHION INDUSTRY PLANET P7SITIVE - 5 INNÖVATIONS GLOBAL CHANGE AWARD WINNERS ANNOUNCED 6 APRIL, 2022 - CISION
MEET THE GCA 2J22 WINNERS

COTTONACE BY                          RUBI                                   BIOPUFF® BY SALTYCO                     RE:LASTANE                             BIORESTORE
WADHWANI AI
“We are thrilled to be among the      "The Rubi team is thrilled to win      “Being selected as a GCA winner         “Winning the Global Change Award       “The GCA will accelerate our dream
winners of the Global Change          the 2022 Global Change Award and       showcases to us the fashion             is very meaningful for our team as     into a reality – to offer a simple and
Award in 2022. Being a part of the    for the opportunity that the program   industry is willing to move towards     GCA is providing us a unique           sustainable solution to a global
GCA cohort and availing of the        provides to accelerate                 a regenerative future. Saltyco firmly   platform to grow. We are excited       consumer problem. With the help
industry interactions, support and    commercialization of our carbon-       believes that the only path to          and proud of joining the GCA           and support of the H&M Foundation
mentorship that it offers will help   negative textiles technology in the    limiting fashion's effects on climate   family. We are convinced that          we now have a global platform to
drive us further towards realising    fashion industry. Together, we look    change is through meaningful            industrialization process of our       extend garment life and prevent
our goal of improving the lives of    forward to making planet-positive      collaboration across the industry.      technology will be accelerated after   clothes being sent to an early
cotton farmers in India and other     supply chains a reality, sooner than   We are delighted to work with the       winning GCA and we are ready to        landfill grave.”
                                      you think!"                            H&M Foundation to continue              make real global changes to our
developing nations.”
                                                                             designing alternative materials that    planet!”
                                                                             put nature first.”
April 22                                                                                                                                                                                             9
READY TO MAKE THE FASHION INDUSTRY PLANET P7SITIVE - 5 INNÖVATIONS GLOBAL CHANGE AWARD WINNERS ANNOUNCED 6 APRIL, 2022 - CISION
AB6UT H&M FOUNDATION

            The H&M Foundation is an independent non-profit global
            foundation for public good, headquartered in Stockholm,
            Sweden. This foundation is privately funded by the Stefan
            Persson family, founders and main owners of the H&M
            Group. Founded to accelerate the realisation of the UN
            Sustainable Development Goals 2030, H&M Foundation
            uses collaboration and innovation to co-create, fund and
            share solutions for the world’s most urgent challenges.
            To help safeguard the welfare of humanity the foundation is
            catalysing the fashion industry to become planet positive
            and accelerating development for inclusive societies.
            Breakthrough innovations and findings are openly shared for
            anyone to adopt and scale, in order to contribute to systems
            change. The H&M Foundation can also provide emergency
            relief. For more information visit hmfoundation.com or follow
            @hmfoundation on Facebook, Instagram, YouTube and
            LinkedIn.

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CVNTACT

For any questions or inquiries, please contact:

                    JASMINA SOFIC

                    Media Relations Responsible
                    jasmina.sofic@hmfoundation.com

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