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

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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H&M Group’s sustainability work attracts bond market attention

H&M Group has issued a EUR 500 million sustainability-linked bond with a maturity of 8.5 years. The annual coupon rate is 0.25 percent. The bond generated great interest and was 7.6 times oversubscribed. Sustainability-linked bonds are something new on the bond market. In contrast to green bonds, where the funds are linked to specific projects, sustainability-linked bonds are coupled to the company meeting a number of defined sustainability targets. “For H&M Group, sustainability is an integral part of our operations. This type of bond creates a clear and transparent commitment…

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