H & M Hennes & Mauritz AB 2020 Annual Report with Sustainability Disclosures
Company: H & M Hennes & Mauritz AB
Sector: Wholesale & retail
Country: Sweden
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 92
The report describes H&M Group's 2020 financial year as heavily affected by COVID-19, with net sales of SEK 187,031 m and 5,018 stores at year-end. It highlights an SBTi-approved target to cut Scope 1 and 2 emissions 40 percent by 2030, with a 20 percent milestone by 2025, and a Scope 3 reduction commitment. Own-operations emissions were 72,580 tonnes CO~2~e and renewable electricity was 90 percent; textile collection reached 18,800 tonnes. The group had approximately 153,000 employees at year-end and a board comprising eight women and four men.
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