Shein commits $50 million to address textile waste
Chinese online fast fashion retailer Shein announced recently a new partnership with Or Foundation to launch the online fashion firm's Extended Producer Responsibility (EPR) Fund, which focuses on supporting waste management efforts in communities deeply impacted by textile waste.
The multi-year EPR Fund agreement will see the Chinese fast-fashion company dedicate $50 million over the next five years. The fund will help advance the design and implementation of ecological and social sustainability strategies focused on clothing that has entered the global secondhand clothing trade and often leaves the secondhand trade as waste.
The Or Foundation will also redistribute a portion of the initial grant to allied organizations in Ghana. Shein will work with The Or Foundation to identify additional grant recipients in other countries impacted by fashion's waste problem this year and in the coming years.