H&M Group Inc. Sustainability Profile
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.
DitchCarbon Score
How does H&M Group Inc.'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 Apparel Production 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&M Group Inc.'s score of 54 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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H&M Group Inc.'s reported carbon emissions
In 2024, H&M Group Inc. reported total carbon emissions of approximately 7,591,000,000 kg CO2e from Scope 3, alongside about 41,655,000 kg CO2e from combined Scope 1 and 2 emissions. This marks a decrease from 2023, where emissions were about 8,057,000,000 kg CO2e for Scope 3 and approximately 55,262,000 kg CO2e for Scope 1 and 2. In 2022, the company recorded about 7,913,000,000 kg CO2e in Scope 3 emissions and around 64,854,000 kg CO2e for Scope 1 and 2. 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% against a 2019 baseline. Additionally, the company has established a near-term goal to reduce these emissions by 56% by 2030. The strategy involves balancing any remaining emissions through permanent carbon removal solutions. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by H&M Group Inc. The company continues to focus on sustainability and climate action as part of its corporate responsibility initiatives.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | - | - | - |
| Scope 2 | - | 00,000,000 | - | - | - |
| Scope 3 | 9,115,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is H&M Group Inc.'s Industry?
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H&M Group Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
H&M Group Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
