H & M Hennes & Mauritz AB 2021 Annual Report with Sustainability Disclosures
Company: H & M Hennes & Mauritz AB
Sector: Wholesale & retail
Country: Sweden
Year: 2021
Type: Annual Report with Sustainability Disclosures
Pages: 118
The report describes H&M Group's strong 2021 recovery, with net sales of 199 billion SEK and substantially improved profitability. It highlights a 22 percent reduction in Scope 1 and 2 emissions and a 9 percent reduction in Scope 3 emissions against the 2019 baseline, alongside 95 percent renewable electricity in its own operations. Circularity also advanced, including collection of 15,944 tonnes of material through the garment-collecting initiative and continued expansion of second-hand services.
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