• The H&M Foundation is a nonprofit 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.