SHEIN's US$250,000 disbursement to The UnTours Foundation
will fund a Cambodian initiative that partners with social
enterprises to upcycle textile waste.
SINGAPORE, May 22, 2024
/PRNewswire/ -- SHEIN, a global online fashion and lifestyle
retailer, is pleased to announce The UnTours Foundation as the
second grant recipient of its Extended Producer Responsibility
(EPR) Fund.
The UnTours Foundation is a non-profit organization that
provides low-interest loans or equity to world enhancing businesses
that address social, economic, and environmental issues. As an EPR Fund grantee, the foundation
has received US$250,000 which will be
allocated to an initiative in Cambodia to drive textile waste circularity by
supporting local artisans in the rescue and upcycling of textile
waste.
"Today, we are thrilled to introduce our new grantee, whose
steadfast commitment to their mission reflects the transformative
change we aim to inspire. Together, we will help tackle the issue
of global textile waste, particularly in communities in the Global
South that have been impacted by the issue, and drive progress
towards a more circular fashion ecosystem," said Leonard Lin, SHEIN's Global Head of Public
Affairs and General Manager of Singapore.
Elizabeth Killough, Co-Chief
Executive Officer of The UnTours Foundation, said: "We are eager to
partner with SHEIN to tackle the global problem of textile waste.
Countries like Cambodia face
challenges when it comes to tackling textile waste since they don't
yet possess a recycling infrastructure. Meanwhile, they import a
significant amount of textile material that is later exported as
finished goods to the US and Europe. We believe there are opportunities to
support organizations that are focused on solutions across all
stages of the garment production process and are excited to help
manifest a more circular future and deliver lasting change in
Cambodia and beyond."
In 2022, SHEIN announced its initial grantee, The Or Foundation,
and supported its continued efforts to scale activities that
benefit communities around the Kantamanto Market in Accra, Ghana, one of the world's largest
secondhand clothing markets. Some of The Or Foundation's
achievements to date include redistributing funds and in-kind
donations to 1,334 members of the Kantamanto Market community
through the Secondhand Solidarity Fund, re-granting funds to 30
allied organizations to address the textile waste situations in
Ghana, Kenya, Uganda
and Nigeria, repurposing over 35
metric tons of clothing waste into household products and garments
through Ghanaian-based textile innovations, and removing more than
130 tons of textile and other plastic waste from Accra's beaches.
About The UnTours Foundation
The UnTours Foundation was born out of UnTours travel, the
world's first B Corp, and has since inherited it. The Foundation
uses its modest endowment as a revolving loan fund investing
globally in world enhancing businesses that address social,
economic, and environmental issues. It inspires other foundations
to invest their endowments similarly.
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SOURCE SHEIN