Leading global fashion brand Hennes & Mauritz AB’s (H&M) Annual and Sustainability Report for the financial year 2021 is available on the company’s website, hmgroup.com. H&M Group has a long history of working with sustainability and it has been an integral part of our business for many years.
To acknowledge this even further, H&M is integrating its Annual and Sustainability Report.
H&M says that 80 percent of its resources are either recycled or sourced in a more sustainable way. H&M has triplicated the share of recycled materials used in its clothes from 5.8 percent to 17.9 percent, keeping its goal in focus to reach 30 percent by 2025.
Helena Helmersson, CEO H&M Group says, “H&M Group is on a journey to become a circular business and I’m proud of the progress we’ve made in 2021. Demand for good value and sustainable products is expected to grow and our customer offering is well positioned for this.”
Some sustainability-linked highlights from 2021 include:
- 80% of our materials are either recycled or sourced in a more sustainable way. We tripled the share of recycled materials used in our garments from 5.8% to 17.9%, keeping our goal in focus to reach 30% by 2025.
- We sharpened our climate goals, committing to achieving net-zero1 by 2040 and reducing our absolute emissions by 56% by 2030. One important step on this journey is our decision to not onboard any new suppliers or supplier factories into our supply chain if they have on-site coal boilers in their factories, working towards our long-term goal to phase out coal from our supply chain.
- We launched our new goal to double sales while at the same time halving our carbon footprint by 2030.*
- We launched our innovative circular design tool “Circulator”, underlining our ambition to have all our products designed for circularity by 2025. The tool aims to enable H&M Group’s own teams to create products fit for a circular economy and will in the long-term invite others to do the same.
- In 2021, we reduced plastic packaging by 27.8%, aiming to reduce the use of packaging throughout the value chain by 25% by 2025.
- We have introduced new circular business models to enable our customers to enjoy fashion in a more sustainable way by expanding the secondhand platform Sellpy into 22 new European markets, amongst other examples.
H&M said, “We sharpened our climate goals, committing to achieving net-zero1 by 2040 and reducing our absolute emissions by 56 per cent by 2030. One important step on this journey is our decision to not onboard any new suppliers or supplier factories into our supply chain if they have on-site coal boilers in their factories, working towards our long-term goal to phase out coal from our supply chain.”
