HUGO BOSS invests in climate-first venture fund

HUGO BOSS is reinforcing its dedication to a more sustainable future by becoming the pioneer investor in Collateral Good Ventures Fashion I. This venture capital fund, focusing on climate-first initiatives, aims to expedite sustainability efforts within the fashion industry.

Over the next five years, HUGO BOSS will channel its investment to support various portfolio companies operating in startup, early growth, and potential stages. These companies are at the forefront of developing innovative solutions and technologies in the sustainability sector. The focus areas include upcycling raw materials, preventing microfiber releases, and introducing repair and care solutions along the entire value and supply chain.

Daniel Grieder, the Chief Executive Officer of HUGO BOSS, emphasizes that their growth strategy, CLAIM 5, aligns with a commitment to sustainability. The collaboration with Collateral Good complements HUGO BOSS’s sustainability strategy, “For a bold and better future,” aiming for a planet free of waste and pollution. The investment in Collateral Good will explore new solutions in key areas like increasing circularity, using nature-positive materials, eliminating microplastic pollution, and achieving zero emissions.

Collateral Good Ventures Fashion I, based in Luxembourg, holds the status of a “Dark Green Fund” under the EU Sustainable Finance Disclosure Regulation (SFDR Art. 9). This designation signifies a clear commitment to sustainable investment objectives. With a total target volume of EUR 100 million, HUGO BOSS’s investment constitutes approximately 10% of this amount. The fund has already garnered interest from notable family offices, asset managers, and institutional investors.