Tag: H&M Group

H&M Group adopts science-based targets for land, following the Science Based Targets Network framework (SBTN)

Stuart Mitchell

H&M Group has adopted the three core land targets defined by the Science Based Targets Network: No Conversion of Natural Ecosystems targets: H&M has set a target for their upstream impacts, with low exposure to conversion of natural ecosystems in its direct operations. Action: Target 100% sustainably sourced material 2030 and strengthen risk management processes. Land Footprint Reduction target: H&M Group commits to reduce absolute agricultural land footprint from upstream impacts 3.85% by 2030 from a 2019 base year. Action: increase the share of recycled materials to 50% by 2030.…

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H&M Group and Remondis create joint venture to collect, sort and sell used and unwanted garments and textiles

Stuart Mitchell

Looper Textile Co. is a standalone joint venture owned 50% by H&M Group and 50% by Remondis. Looper intends to collect, sort and sell used and unwanted garments and textiles and thereby extend the highest use of these valuable resources. We are excited to announce the launch of Looper Textile Co. Used and unwanted garments must first be collected and sorted into different streams, such as by type of material or garment, in order to be reused or recycled. Today, less than 40% of used clothes are collected in the…

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H&M Group is using its influence to push for mandatory biodiversity disclosure targets

Stuart Mitchell

WWF’s latest Living Planet Report has once again highlighted the need for urgent action to mitigate the global loss of biodiversity. Since 1970, wildlife populations have declined on average by 69%, and around 1 million species are already at risk of extinction. For more than a decade, H&M Group and WWF have been working collaboratively on creating a more sustainable fashion industry. The partnership encompasses the interconnected areas of water, climate and biodiversity. This week, experts, policy makers and other stakeholders meet in Montreal, Canada for COP15, the UN Biodiversity…

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H&M Group further invests in the decarbonisation of its value chain

Stuart Mitchell

The 27th United Nations Climate Change conference (COP27) is the annual milestone for the most influential leaders in climate action from governments, business and the climate community. Working towards its ambition to achieve net-zero by 2040, H&M Group joined the international forum in Sharm El Sheikh, Egypt to build momentum for collaborative action and share about the company’s progress and challenges. We have been engaged in climate mitigation for years and continuously push ourselves to demonstrate climate leadership within our industry. Our recently strengthened climate goals are verified by the…

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Large scale study from IKEA and H&M Group shows potential to transform the way we use recycled textiles

Stuart Mitchell

Through a broad industry collaboration, Inter IKEA and H&M Group have been able to create a large-scale databank to understand potentials and challenges with recycled textile from a chemical contamination perspective. Inter IKEA Group and H&M Group will now use these findings to increase knowledge around chemical content in recycled textiles and to impact legislation around circular economy.  To reach both the companies’ ambitions aiming for only using renewable and recycled materials by 20301, a key step is to find clean and reliable sources of recyclable materials. To tackle these industrywide challenges,…

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