SHEIN invests $85m more under evoluSHEIN Roadmap

The additional fund will support its efforts for community empowerment globally.

SHEIN allocated an additional $85m to boost its efforts under the “Equitable Empowerment” pillar of its ESG roadmap, evoluSHEIN, which aims to improve the lives of people in communities.

In a statement, SHEIN said the additional funding will bring the total amount it invested for global community empowerment to $155m.

The pillar aims to create opportunities for people in the communities focused on aspiring designers, supplier communities, women, young people and the underprivileged.

“At SHEIN, we aim to empower our different stakeholder communities with the tools, capabilities and funding to improve and change lives, whether in their personal or professional capacity,” SHEIN COO Molly Miao said. 

“This fund will support these communities to grow alongside SHEIN, towards a more equitable future,” she added.

Of the $155m, $50m will be allotted for aspiring designers, $70m will be for SHEIN’s manufacturing supplier community, and $35m will be reserved for women, young people, and the underprivileged.