01 April 2022, Mumbai:
H & M Hennes & Mauritz AB’s Annual and Sustainability Report for the financial year 2021 is available starting today on the company’s website, hmgroup.com.
H&M Group has a long history of working with sustainability and it has been an integral part of our business for many years.
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Some sustainability-linked highlights from 2021 include:
80% of our materials are either recycled or sourced in a more sustainable way.
It tripled the share of recycled materials used in our garments from 5.8% to 17.9%, keeping its goal in focus to reach 30% by 2025.
It sharpened our climate goals, committing to achieving net-zero1 by 2040 and reducing our absolute emissions by 56% by 2030.
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One important step on this journey is our decision to not onboard any new suppliers or supplier factories into our supply chain if they have on-site coal boilers in their factories, working towards our long-term goal to phase out coal from our supply chain.
It launched our new goal to double sales while at the same time halving our carbon footprint by 2030.
* It launched our innovative circular design tool “Circulator”, underlining our ambition to have all our products designed for circularity by 2025. The tool aims to enable H&M Group’s own teams to create products fit for a circular economy and will in the long-term invite others to do the same.
1 Net-zero as defined by Science Based Targets initiative's Net-Zero Standard. *The baseline for the sales goal is 2021.
The H&M group’s goal is to reduce its carbon footprint in absolute figures by 56 percent by 2030 (baseline 2019).
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