April 12, 2018

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’s 2017 Sustainability Report also noted that H&M achieved a 2.7% decline in electricity intensity, with a 25% reduction stated as the goal by 2030 from a 2016 baseline. Further, all new H&M stores in 2018 will have 100% LED lighting concepts, with HID lighting being phased out of existing stores.

The report stated, "With over 4,700 stores, our bricks and mortar portfolio accounts for the majority of H&M group’s own electricity consumption. As such, we have developed a new goal and a new store energy management strategy to help reduce our in-store energy consumption and reach our 2040 climate-positive goal."

 "We aim to create a climate neutral supply chain for our tier 1 and tier 2 suppliers by 2030," the company stated, adding, "This commitment will involve both an increase in energy efficiency and a transition to renewable energy."

H&M operates 4,739 stores in 69 markets and e-commerce in 43 markets with more than 171,000 employees worldwide.

Read These Related Articles:

• H&M Group Adds Texas Solar Farm
• H&M Group Signs PPAs for Three Solar Projects
• H&M Group Partners for Green Loan Program
• H&M Group Issues EUR 500 Million Green Bond
• H&M cuts emissions, sets new goals

Share this valuable information with your colleagues using the buttons below: