NEW YORK, Sept. 19, 2017 /PRNewswire/ -- On Monday September 18th, Daniel Kulle, President of H&M North America rang the bell at NASDAQ in New York City to officially kick off Climate Week. Climate change and global warming is a serious issue for the planet and for all of us living on it. It's a key challenge to all industries, including fashion, which is why H&M has decided to address this challenge with a ground-breaking commitment; to become climate positive by 2040.
H&M will create a climate positive value chain by reducing the energy need across operations and ensuring that the energy comes from renewable and sustainable sources. The group will also support actions helping the planet to resist and recover from climate change as well as innovations making it possible to absorb greenhouse gases. H&M's goal is not only to reduce the negative climate impact their business has, but to create a positive one. This means they will reduce more greenhouse gases than their value chain emits.
"We want to use our size and scale to lead the change towards circular and renewable fashion while making our company even more fair and equal. This is why we have developed a new strategy aiming to take our sustainability work to the next level," says Anna Gedda, Head of Sustainability at the H&M group. "We want to lead by example, pave the way and try new things –when it comes to both the environmental and social side – to ultimately make fashion sustainable and sustainability fashionable. Our climate positive strategy is one way of doing this," she adds.
H&M is determined to show that climate positive fashion is possible.
- Climate positive by 2040 throughout the H&M group's entire value chain.
- The H&M group commits to a climate neutral supply chain for tier 1–2 by 2030.
- The H&M group has a commitment to use 100% renewable energy in its own operations; the share increased to 96% in 2016 from 78% in 2015.
- In 2016, the H&M group reduced its CO2 emissions by 47% compared to 2015.
- The H&M group is a proud member of the WWF Climate Savers program.
H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M's business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands & Other Stories, Cheap Monday, COS, Monki and Weekday as well as H&M Home. The H&M group has more than 4,400 stores Weekday as well as H&M Home. The H&M group has more than 4,400 stores in 66 markets including franchise markets. In 2016, sales including VAT were SEK approximately 223 billion. The number of employees amounts to more than 161,000. For further information, visit hm.com.
Marybeth Schmitt, H&M
View original content with multimedia:http://www.prnewswire.com/news-releases/hm-kicks-off-climate-week-in-new-york-300522128.html