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Good Fashion Fund welcomes Rabobank

12
Jun '20
Pic: Fashion For Good
Pic: Fashion For Good
Fashion for Good, the global platform for innovation, has received a funding from Rabobank. With a target size of $60 million, company's current fund capital has reached around $19 million. This fund provides long term funding to apparel and textile manufacturers in India, Bangladesh and Vietnam and other Asian countries to implement impact technologies.
 
“Good Fashion Fund accelerates the positive changes that the sector and supply chain require and can serve as a catalyst for the industry. Rabobank is proud to support the fund as one of the cornerstone (debt) investors, which underpins our mission “Growing a better world together,” Bas Rüter, global head of sustainability Rabobank, said in a press release.
 
The vision for the Good Fashion Fund is for manufacturers in the apparel supply chain to invest and reinvest in innovations that deliver both economic growth and good fashion practice. Mobilising the use of safe and recyclable materials, clean and efficient energy, closed-loop manufacturing and the creation of better working conditions and fair jobs and growth, all in line with the five goods: good energy, good water, good materials, good lives and good economy.
 
Small to medium manufacturers whose products or services are in line with these criteria and are looking to implement best-in-class technology and equipment, are eligible for funding. The Fund is mandated to support larger manufacturers committed to investing in early stage and highly disruptive technologies.

Fibre2Fashion News Desk (JL)


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