Bloomingdale’s and FIT Launch Sustainable Innovation Fund | US Retail News

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American fashion brand Bloomingdale’s has partnered with the Fashion Institute of Technology (FIT) to launch the Sustainable Fashion Fund even as Bloomingdale’s prepares to celebrate its 150th anniversary this fall.

The Sustainable Fashion Fund’s mission would be to unite the fashion industry and encourage retailers and industry experts to engage in collaborative sustainable projects that “will create viable solutions”.

Specifically, according to Bloomingdale’s website, the platform aims “to protect the planet for the next generation, build a more equitable future for all, and invest in today’s youth through mental health advocacy.” “.

The goal of both partners in creating the two initiatives is to create new spaces and resources that support teaching and learning, research and provide activities to educate students, faculty, alumni, community partners industry and the public on sustainability.

Dr. Joyce F. Brown, president of FIT, said in a statement. “Partnering with Bloomingdale’s will foster and reinforce FIT’s strong, active and highly visible commitment to sustainability innovation.

Funds earned through the cooperative project will be applied to the creation of open innovation labs, sustainable fashion showcases, educational and mentorship programs.

Together with their leadership, we want to demonstrate that sustainability is possible for a large institution and ultimately provide a model for other organizations. Like Bloomingdale’s, we recognize that sustainability is not an isolated goal; it extends to related areas such as corporate social responsibility, ethics and fair trade,” Dr. Brown concluded.

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