Items Tagged with "Handm Group"

H&M Group reports decline in emissions, increase in RE

The H&M Group announced a 21% decline in CO2 emissions (scope 1 + 2) in 2017 vs. 2016, on the way to a climate-positive goal for 2040. The company also reported that usage of renewable electricity from its operations increased to 96% in 2017 from 27% in 2014, with plans to reach 100%.The company Read More...

H&M cuts emissions, sets new goals

The H&M Group announced an 11% reduction in CO2 emissions from its operations in 2018. The company also set new goals to reduce the absolute GHG-emissions in the company's own operations by another 40% by 2030. The new goals, which are part of the vision to become climate positive by 2040, were Read More...

H&M Group Sets 2030 Goals

H&M Group set a goal to reduce the group’s Scope 1, 2 and 3 emissions by 56% respectively by 2030 (from a 2019 baseline). To work towards this goal and to financially support projects to reduce its emissions throughout the whole value chain, H&M Group implemented an annual budget Read More...

H&M Group Issues EUR 500 Million Green Bond

Global fashion and design company H&M Group issued a EUR 500 million green bond with a maturity of eight years under its Euro Medium Term Note (EMTN) program. The net proceeds from the bond will be allocated toward eligible projects in five categories as defined in the Sustainable Finance F Read More...

H&M Group Partners for Green Loan Program

H&M Group is leading an effort to establish collaborative financing solutions to enable the decarbonization of fashion supply chains. The apparel retailer partnered with DBS, a Southeast Asia bank, to initiate a collaborative finance tool – a green loan program that facilitates supply Read More...

H&M Group Signs PPAs for Three Solar Projects

H&M Group, a global fashion retailer, signed power purchase agreements (PPAs) for the construction of three solar parks in Sweden.The agreement was signed with Alight, a European solar developer and independent power producer.The ground-mounted solar parks will be located in Blekinge, Söder Read More...

H&M Group Adds Texas Solar Farm

H&M Group signed a virtual power purchase agreement that enables the construction of new, renewable energy infrastructure in Texas.For several years H&M Group has been exploring ways to contribute to adding more renewable electricity into power grids via power purchase agreements (PPAs) with Read More...