• The H&M Foundation is a non-profit global foundation, privately funded by the Stefan Persson family, founders and main owners of H&M. Its mission is to drive long-lasting positive change and improve living conditions by investing in people, communities and innovative ideas.
• Since 2013, the Stefan Persson family has donated 1.3 billion Swedish krona (USD 177 million/EUR 144 million) to the Foundation.
• The first Global Change Award was launched in August 2015 and is an innovation challenge in the fashion industry. This is one of the world’s biggest challenges for early stage innovation and the first such initiative in the fashion industry.
• The H&M Foundation is privately funded by H&M’s main owners, the Persson family, and the H&M Group takes no equity or intellectual property rights in the innovation, since the end game is to inspire and develop the fashion industry as a whole.