Will H&M reach its climate targets and decouple emissions from financial growth?
The H&M Group, a STICA signatory, is by far the largest emitter of greenhouse gases among those companies participating in STICA’s Company Climate Action Program. From a sustainability perspective, H&M has been criticized for its business model, while in the context of climate action it has received praise for its climate leadership. Michael invited two of H&M’s climate experts, Henrik Sundberg and Kim Hellström, to provide an update on the H&M Group’s climate work to date. Henrik and Kim discuss their experience with climate calculations, including the challenges with primary data collection and carbon accounting, key insights and surprises on their climate journey, including their view on energy efficiency versus carbon intensity, and how H&M addresses user phase emissions and circular business models. Michael also asked them how they rate industry progress overall and what more needs to happen to ensure the industry meets its 2030 targets.
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