The UnTours Foundation Selected as Second Grant Recipient of SHEIN's Extended Producer Responsibility (EPR) Fund
Summary
SHEINs 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. "Today, we are thrilled to introduce our new grantee, whose steadfast commitment to their mission reflects the transformative change we aim to inspire. 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. Some of The Or Foundations 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 Accras beaches.The UnTours Foundation was born out of UnTours travel, the worlds 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.