H&M recognizes the global challenges posed by climate change and wants to use its scale to drive the increase in more sustainable sources of energy.
H&M has set a goal to reduce carbon emissions by 5% relative to sales every year, and to reduce energy use across operations. Focusing on sourcing renewable electricity is a key part of meeting this goal.
The company is in the process of developing a strategy to go 100% renewable across its global operations.
H&M are reducing energy demand in stores and switching to renewable electricity. H&M owns a number of solar panels, which in 2013 generated 784,200 KWh, enough energy to power 145 European households for a year.
In some countries H&M already sources 100% renewable electricity, but in some regions, the lack of legislation to prevent double counting of renewable power makes it more challenging - something it is keen to address as part of the RE100 campaign.
- In 2013, H&M-owned solar PV cells generated 784,200 KWh of electricity.
- 100% renewable electricity in UK and Netherlands.
- 27% of global electricity use comes from renewable sources.
- Reducing carbon footprint of H&M.
- Leadership in sustainable energy sourcing.
- Can help reduce the risk that the H&M Group’s business may be affected by future regulation and increased costs, e.g. in the form of emissions trading and carbon taxes in H&M’s various sales markets.
- Ensuring customers are buying sustainable fashion.
Last updated: September 2015
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