H&M Group Inc.
H&M Group Inc., commonly known as H&M, is a leading global fashion retailer headquartered in the United States. Founded in 1947, the company has established a significant presence in major operational regions, including Europe, Asia, and North America. Specialising in affordable, trendy clothing and accessories, H&M is renowned for its commitment to sustainability and innovative design.
The company offers a diverse range of products, from casual wear to formal attire, catering to men, women, and children. H&M's unique approach to fast fashion, combined with its eco-conscious initiatives, has positioned it as a market leader in the retail industry. With numerous accolades for its sustainability efforts, H&M continues to shape the future of fashion while maintaining a strong global footprint.
+21 vs industry average
H&M Group Inc.’s score of 54 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Apparel Production has below-average carbon intensity
Industry performance
The Apparel Production industry has reduced its overall emissions by 31% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
H&M Group Inc.'s reported carbon emissions
In 2024, H&M Group Inc. reported total carbon emissions of approximately 1.8 billion kg CO2e, comprising about 42.4 million kg CO2e from Scope 1 and 2 emissions and approximately 1.81 billion kg CO2e from Scope 3 emissions. This reflects a significant reduction in emissions compared to previous years, with a reported 41% decrease in Scope 1 and 2 emissions since their 2019 baseline. H&M Group has set ambitious climate commitments, aiming to achieve net-zero emissions by 2040. This includes a target to reduce absolute Scope 1, 2, and 3 emissions by at least 90% by 2040, against a 2019 baseline. Additionally, the company has established a near-term goal to reduce its absolute emissions by 56% by 2030. The company’s climate strategy focuses on balancing any remaining emissions through permanent carbon removal solutions. H&M Group's commitment to sustainability is further underscored by its increased use of renewable electricity, which has been a key driver in their emissions reduction efforts.
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H&M Group Inc.’s Climate Goals (2030 & 2050)
7 goals2030
56% reduction in scope 3 total
reduce scope 3 GHG emissions by 56 percent
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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