Page 18 - TEXtalks November/December 2021

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H&M to increase its

investment in textile recycling

Swedish fashion giant H&M has increased its of Technology in Stockholm.
investment in textile recycling innovator Renewcell,
which is in the process of building a major new H&M is committed to Leading the Change to a
factory in Sundsvall. Swedish investment firm better fashion future. This starts with improving
Girindus Investments confirmed it had sold a 6.25% sustainability performance in the company’s value
stake in Renewcell to a group of investors, including chain and demonstrating the resilience of the
H&M and investment management firms Swedbank sustainable business. The brand has already shared
Robur Fonder, Handelsbanken Fonder, and AMF its unique and inspiring goals. By 2025, H&M Group
Fonder. will reduce Electrical intensity (kWh/sqm per opening
hour) by 25% (2016 baseline) and the absolute
Renewcell is a Swedish company that recycles transport-related emissions by 30% (2018 baseline).
textiles into fibrous pulp as a raw material for viscose Furthermore, the group has decided to reduce water
and lyocell. The company has developed a patented usage in production by 25% (2017 baseline) and
dissolving compound made from recycled textiles recycle 15% of the total water consumed during
and based on development within the Royal Institute production by 2022.

Sohail Ali Naqvi elected as

member of the Global Technical

Committee of AWS

Sohail Ali Naqvi has been elected as the member of of Agriculture, Faisalabad. He has several
the Global Technical Committee of Alliance for Water international publications on water and environment
Stewardship (AWS). Naqvi is an environmental and has presented in more than 50 international
engineer by profession and has over 15 years of conferences.
experience in the domain of water and environment
in which he has led several projects funded by AWS is a global membership collaboration compris-
international donors. ing businesses, NGOs and the public sector. AWS
members contribute to the sustainability of local
He has also contributed in the research work of the water-resources through their adoption and promo-
World Bank, Arizona State University, CSIRO and tion of a universal framework for the sustainable use
Water Footprint Network (WFN). He is a member of of water – the International Water Stewardship
advisory group of "Developing Wastewater Council Standard, or AWS Standard – that drives, recognizes
of ZDHC" and a faculty board member of University and rewards good water stewardship performance.

November/December 2021