H And M
H&M, officially known as Hennes & Mauritz AB, is a leading global fashion retailer headquartered in Sweden (SE). Founded in 1947, the company has grown to become a prominent player in the fast-fashion industry, with a strong presence across Europe, North America, and Asia. H&M offers a diverse range of clothing, accessories, and home textiles, catering to men, women, teenagers, and children. Renowned for its commitment to sustainability, H&M has implemented various initiatives aimed at reducing environmental impact, making it a pioneer in eco-friendly fashion. The brand's unique selling proposition lies in its ability to deliver trendy, affordable apparel while maintaining a focus on quality and style. With a robust market position, H&M continues to achieve notable milestones, including expanding its online presence and launching innovative collections that resonate with a global audience.
DitchCarbon Score
How does H And M's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
H And M's score of 47 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
H And M's reported carbon emissions
In 2023, H&M Group reported total carbon emissions of approximately 8,532,000,000 kg CO2e, with emissions distributed across various scopes: 16,354,000 kg CO2e from Scope 1, 38,451,000 kg CO2e from Scope 2, and 8,532,000,000 kg CO2e from Scope 3. This reflects a commitment to transparency in their carbon footprint, particularly in Scope 3, which encompasses emissions from the entire value chain. H&M has set ambitious climate targets, aiming for net-zero greenhouse gas emissions across its value chain by FY2040, using FY2019 as the baseline year. Near-term goals include a 56% reduction in absolute Scope 1 and 2 emissions by FY2030, alongside a commitment to source 100% renewable electricity by the same year. Additionally, the company aims to reduce absolute Scope 3 emissions by 56% by FY2030. Long-term targets are equally ambitious, with a goal to reduce Scope 1 and 2 emissions by 90% and Scope 3 emissions by 90% by FY2040. These targets include biogenic land-related emissions and removals from bioenergy feedstocks, aligning with industry standards for climate action. H&M's initiatives reflect a proactive approach to sustainability within the textiles and apparel sector, demonstrating a commitment to reducing their environmental impact.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 16,435,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 339,939,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 00,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
H And M is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
