Oscar award winner, Natalie Portman attended Vanity Fair's Campaign Hollywood 2011's Richard Mille Toasts Fox Searchlight Films in a $49.95 H&M dress.

Racked reported that the pregnant Portman stepped out to join the event wearing a 100 percent recycled polyester H&M dress.

The dress is part of the brand's Conscious Collections which mainly focus on sustainability. Using environmentally - adapted and greener materials such as organic cotton and recycled polyester, the collection was crafted giving a minimalist tailored look.

It's not just about organic cotton any more, the possibilities for creating a complete fashion statement with eco smarter materials are huge now, states Ann-Sofie Johansson, H&M Head of design.

The Conscious Collections womenswear is inspired by an updated romantic style while the menswear is crafted to generate a preppy mood.