H&M Group Inc.

H&M Group Inc., a US-based wearing apparel and furs company, reported Scope 3 emissions of approximately 1.81 billion kg CO2e in 2024. For 2023, Scope 3 emissions were about 5.49 billion kg CO2e, and in 2022, they were around 1.8 billion kg CO2e. In 2021, the company disclosed Scope 1 emissions of approximately 20.29 million kg CO2e, Scope 2 emissions of about 35.34 million kg CO2e, and Scope 3 emissions of roughly 9.96 billion kg CO2e.

H&M Group Inc. has set ambitious climate commitments. They aim to achieve net-zero by reducing absolute Scope 1, Scope 2, and Scope 3 emissions by at least 90 percent by 2040, against a 2019 baseline. Any remaining emissions will be balanced with permanent carbon removal. More specifically, the company has a near-term target to reduce absolute Scope 1, Scope 2, and Scope 3 emissions by 56% by 2030, also against a 2019 baseline. As of 2024, they reported a 41% reduction in Scope 1 and 2 GHG emissions since their 2019 baseline, primarily due to increased renewable electricity purchases.