Leading global fashion brand H&M has issued its Sustainability Report for the financial year 2021.
The brand says that 80 per cent of its materials are either recycled or sourced in a more sustainable way. H&M has tripled the share of recycled materials used in its garments from 5.8 per cent to 17.9 per cent, keeping its goal in focus to reach 30 per cent by 2025.
The company 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.”
H&M launched its new goal to double sales while at the same time halving its carbon footprint by 2030. The baseline for the sales goal is 2021.
The fashion giant also launched its innovative circular design tool ‘Circulator’, underlining its ambition to have all its 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, H&M reduced plastic packaging by 27.8 per cent, aiming to reduce the use of packaging throughout the value chain by 25 per cent by 2025.
It has 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 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,” says Helena Helmersson, CEO, H&M Group.
