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European Climate Pact
private sector

H&M Hennes & Mauritz AB

Overview

Location

Sweden 

Sector

Wholesale and retail trade

Organisation type
Business

Company Information

H&M is a global fashion retailer, offering clothing, accessories, footwear, cosmetics and home textiles. Its headquarters are in Stockholm, Sweden. In 2021, it reported over 155,000 employees and total sales for 3 billion SEK.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • Join the Business Ambition for 1.5°C and publicly commit to have a long-term science-based target to reach net-zero value chain GHGs emissions by no later than 2050 in line with the SBTi Net-Zero Standard 
  • Have an internal price on carbon 
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (13/07/2022)

Data source: CDP Climate Change 2022

 

Forests

Our actions – the Pathway

  • H&M Hennes & Mauritz AB has a target to increase sustainable production and/or consumption of Timber products to 100% by 2025 starting in 2017. H&M Hennes & Mauritz AB has a target to increase sustainable production and/or consumption of Cattle products to 100% by 2030 starting in 2021

MRV: Pact MRV in place

Status date: Submitted (13/07/2022)

Data source: CDP Forests 2022

How we want to achieve this – our roadmap

  • Have at least 90% of commodities certified in a no-deforestation compliant certification
    ks the following criteria: general or commodity-specific, publicly available, and company-wide
  • Participate in jurisdictional approaches to promote the implementation of forests-related policies and commitments
  • Work with direct suppliers to support and improve their capacity to comply with our forests-related commitments, policies, and other requirements
  • Work with smallholders along the company's value chain to support good agricultural practices and reduce deforestation or conversion of natural ecosystems through financial or technical assistance
  • Publicly disclose data on forest-related impact to investors through a public platform
  • Have a publicly available forest policy, with well-defined goals and targets, that is used to inform internal decision-making
  • Have board-level oversight of forests-related issues
  • Assess company and suppliers' compliance with forests regulations and/or mandatory standards when sourcing commodities from regions with high deforestation risk 
  • Have a no-deforestation policy that chec

MRV: Pact MRV in place

Status date: Submitted (13/07/2022)

Data source: CDP Forests 2022

 

Water

Our actions – the Pathway

  • Engage our suppliers to improve their water management and stewardship through onboarding and compliance measures
  • Engage our suppliers to innovate and collaborate towards improving water management and mitigating water risks
  • Engage our suppliers to report on their water use, risks and/or management information
  • Publicly disclose data on water-related impact to investors through a public platform

MRV: Pact MRV in place

Status date: Submitted (13/07/2022)

Data source: CDP Water 2022

 

Governance & Strategy

North Star

  • H&M Hennes & Mauritz AB have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (13/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (13/07/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

MRV: Pact MRV in place

Status date: Submitted (13/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues

MRV: Pact MRV in place

Status date: Submitted (13/07/2022)

Data source: CDP Climate Change 2022