H&M Group has worked with sustainability for many years and 2022 marks the 20th anniversary of the company’s sustainability reporting. H & M Hennes & Mauritz AB’s integrated Annual and Sustainability Report is launched and is available on the group’s website. A printed version will be sent by post to shareholders that have requested it.

“I am convinced that brands placing sustainability at their core will be better prepared to meet the increasing interest from customers and demands from legislators, while making vital contributions to a better future for the people and the planet. We welcome an open dialogue and collaboration to meet the many shared challenges of our industry and our world,” says Leyla Ertur, Head of Sustainability H&M Group.

See related article: New Stand.earth Report Shows H&M Group’s Leadership in Emission Reductions

Some sustainability-linked highlights from 2022 include:

• 84% of the group’s materials are either recycled or sourced in a more sustainable way. This figure includes 23% recycled materials, taking the company closer to its’ goal of 30% by 2025.
• 7% absolute reduction of greenhouse gas emissions in scope 3 and 8% absolute reduction in scopes 1 and 2 compared to a 2019 baseline – contributing to the company’s target to reduce absolute scope 1, 2 and 3 emissions by 56% by 2030.
• 44% reduction of plastic packaging compared to the 2018 baseline.
• H&M Group launched a new 2030 water strategy and reduced relative water consumption per product by 38% compared to the 2017 baseline through efficiency improvements and increased wastewater recycling.
• Trade union representation in the company’s tier 1 supplier factories went up from 37% to 42% over the last year and 34% have collective bargaining agreements in place (compared to 27% in 2021).
• 63% of workers’ representatives in tier 1 supplier factories were women and the share of women holding supervising positions was 27%.

ESG News Editorial Team

The ESG News Editorial Team is comprised of veteran financial journalists and sustainability analysts dedicated to providing real-time, objective reporting on global ESG regulations, climate finance, and corporate governance. Our desk monitors daily developments from the SEC, IFRS, CSRD and international regulatory bodies to ensure our 1M+ readers receive accurate, data-driven insights into the evolving sustainable investment landscape. Follow the ESG News Editorial Team for expert reporting on global sustainability standards, ESG disclosures, and climate policy. Access over 10,000 investigative reports and real-time updates.