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.
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 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 44 is lower than 100% 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 1,600,000,000 kg CO2e. This figure includes Scope 1 emissions of about 6,820 kg CO2e, Scope 2 emissions of around 1,770 kg CO2e, and Scope 3 emissions of approximately 130 kg CO2e. The combined Scope 1 and 2 emissions totalled about 90,000,000 kg CO2e. In 2023, the company’s total emissions were about 1,800,000,000 kg CO2e, with Scope 1 emissions at approximately 5,090 kg CO2e, Scope 2 emissions at around 990 kg CO2e, and Scope 3 emissions significantly higher at about 6,560 kg CO2e. The Scope 1 and 2 emissions combined were about 96,000,000 kg CO2e. For 2022, H&M Group's total emissions reached approximately 2,000,000,000 kg CO2e, with Scope 1 emissions of about 13,060 kg CO2e, Scope 2 emissions of around 3,250 kg CO2e, and Scope 3 emissions at approximately 370 kg CO2e. The total for Scope 1 and 2 was about 99,000,000 kg CO2e. 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 and 2 emissions by at least 90% and Scope 3 emissions by the same percentage, using a 2019 baseline. Additionally, the company plans to reduce its absolute emissions by 56% by 2030 across all scopes. To balance any remaining emissions, H&M Group will employ permanent carbon removal strategies. These commitments reflect H&M Group's proactive approach to addressing climate change and align with industry standards for sustainability and emissions reduction.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 13,060 | 0,000 | 0,000 |
| Scope 2 | 3,250 | 000 | 0,000 |
| Scope 3 | 370 | 0,000 | 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&M Group Inc. is not participating in any of the initiatives that 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.
