Mills Fabrica Debuts Impact Report For Eco-friendly Investments

Blog post is from EQS Newswire on May 16, 2023. It's published at 10:00 AM CET/CEST.

The Mills Fabrica released its first Impact Report. It's been 5 years since they started supporting techstyle and agrifood tech innovations.

Mills Fabrica started out of Nan Fung Group's textile history in Hong Kong. It helps and invests in new ideas for textile and clothing, and agrifood. These industries make up to 44% of greenhouse gas emissions, so Mills Fabrica wants to create new and sustainable ideas. They have a venture capital fund, startup incubator, retail store, labs, offices, and event spaces around Hong Kong and London.

Raising awareness about measurable investment standards and promoting their adoption is important. Investors and financial institutions should consider the social, environmental, and governance impacts of their investment decisions. These standards would ensure that investments are aligned with global sustainable development goals. The adoption of measurable investment standards would lead to a more sustainable future. Advocacy efforts must continue to make measurable investment standards a norm in the investment industry.

The Mills Fabrica started in 2018. It has helped over 35 innovations through investing and incubation. They give up to USD 3M per startup. Their investment is all over the world in places like the US, Europe, and Asia. Over 50% of the startups they invest in get more money later on.

The Mills Fabrica is celebrating five years of boosting techstyle and agrifood innovations. They're doing this by launching their first-ever Impact Report. The report outlines their investment strategy. The goal is to raise awareness for these two important industries. And they're also celebrating all the new innovations that have come from their work.

The Mills Fabrica wants to do better in making innovations for sustainability. They want to make sure that their hard work can make a real impact. It's important to them. That's why they're launching the 2022 Impact Report. They hope to set standards to measure the positive effects of their investments. Cintia Nunes, the General Manager and Head of Asia, shared this information.

The Mills Fabrica's Impact Report says we should use standard and easy-to-measure ways to help innovations on sustainability. We follow nine areas from the Stockholm Resilience Center, including climate change, freshwater use and land use. We also use IRIS+, which is the common way to measure, manage and improve investments and support.

The company sets a good example. It examines case studies of its portfolio businesses. It analyzes significant impact measurements based on nine planetary boundaries and the IRIS+ framework. This illustrates how investments resulted in beneficial environmental and social outcomes.

Nunes says we need to share knowledge. We should all have the same standards. This helps us work together and make real change. Investors and innovators will know what to expect.

Let's chat about Circ, a company we work with. They came up with a way to chemically recycle polycotton, the material most clothes are made of, so we can use it again. Circ already reused 41 tonnes of materials, which saved 66 tonnes of carbon dioxide. That's a big deal. Plus, they teamed up with Zara to make eco-friendly clothing more accessible to everyone.

We're looking for talented innovators worldwide. We're willing to invest up to USD 3M directly.

The Mills Fabrica spent up to $3 million on tech startups. They did this for the textile, apparel, and agrifood industries. They supported companies like Renewcell, Circ, Colorifix, and unspun. They also gave money to agrifood tech startups like Michroma, Geltor, and The Supplant Company.

The Mills Fabrica wants to support sustainable and disruptive innovation in techstyle and agrifood tech. They plan to invest up to USD 3M per startup and work with venture capital funds that share their goals.

The Mills Fabrica has not only given money to startups, but also helped them with global experts and connections. They want more partners from all over the world to join them.

The Mills Fabrica is in Hong Kong and London. It can help those who want to use the potential of Asia. It also helps Asian companies become global. It does this through its capital, connections, and expertise.

You can get The Mills Fabrica's 2022 Impact Report from their website. Just go to: https://www.themillsfabrica.com/insights/reports/the-mills-fabrica-2022-impact-report/.

This announcement's content is the issuer's responsibility.

The Mills Fabrica helps bring techstyle and agrifood tech innovations for sustainability. It started in Hong Kong in 2018. Nan Fung Group wanted to change their old textile factories into something new, and created The Mills. They have a venture capital fund, business incubator, and spaces in Hong Kong and London. The Mills Fabrica wants to make successful collaborations that will benefit future generations.

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On May 16, 2023, a Financial Press Release was shared by EQS News. The issuer is responsible for the announcement's content.

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