H & M Hennes & Mauritz AB 2023 Annual Report with Sustainability Disclosures
Company: H & M Hennes & Mauritz AB
Sector: Wholesale & retail
Country: Sweden
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 148
The report describes H&M Group's 2023 progress toward validated climate targets, including 56 percent absolute reductions for scope 1 and 2 and for scope 3 by 2030, alongside a net-zero goal for 2040. It reports that 94 percent of electricity purchased for operations was renewable and that 85 percent of commercial goods materials were recycled or sustainably sourced. The report also includes EU Taxonomy eligibility and alignment assessments. Workforce and social disclosures include 143,000 employees and 686,119 community beneficiaries supported through SEK 169.6 million in contributions.
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