Bloomingdale’s and FIT launch Sustainable Innovation Fund
The Fashion United website reported that US fashion department store chain Bloomingdale’s has teamed up with the Fashion Institute of Technology to launch the Bloomingdale’s x FIT Sustainable Innovation Fund. It has also announced the launch of its new social purpose platform entitled b the change. “In collaboration 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 into related areas such as corporate social responsibility, ethics and fair trade,” Dr. Joyce F. Brown, FIT president concluded. The funds raised through the collaborative initiative will be used to launch educational and mentorship programs, open innovation labs, sustainable fashion showcases, and more.