H&M's New Sustainable Finance Framework

Published on:
KnowESG_H&M's New Sustainable Finance Framework
Image courtesy of H&M Group

H&M Group has published a new Sustainable Finance Framework that combines a Green Finance Framework and an updated Sustainability-Linked Finance Framework.

The new framework aligns H&M Group's financing strategy with its sustainability roadmap, which includes ambitious goals for recycled materials and GHG emissions reduction.

The Green Finance Framework specifies eligible green projects under the ICMA categories Circular Economy, Green Buildings, Renewable Energy, Energy Efficiency and Sustainable Water Management and Wastewater Management.

The Sustainability-Linked Finance Framework includes a 2030 target for recycled materials in commercial goods and H&M Group's ambitious Science-Based Targets for GHG emissions reductions.

This is a positive step by H&M Group, as it shows the company's commitment to sustainability. The framework will help ensure that the company's financing is used to support its sustainability goals.

Here are some of the key benefits of the Sustainable Finance Framework:

  • It aligns H&M Group's financing strategy with its sustainability roadmap.

  • It provides transparency to investors about the company's sustainability goals and how their investments will support these goals.

  • It can help attract investors who are looking to invest in sustainable companies.

  • It can help reduce the company's cost of capital.

Here are some additional details about the Green Finance Framework and the Sustainability-Linked Finance Framework:

  • The Green Finance Framework is designed to support projects that have a positive environmental impact. Eligible projects include those that reduce greenhouse gas emissions, conserve water, or promote renewable energy.

  • The Sustainability-Linked Finance Framework is designed to encourage companies to make progress on their sustainability goals. Eligible companies must set ambitious sustainability targets and commit to taking action to achieve them.

For more sustainable finance news

To view and compare company ESG Ratings and Sustainability Reports, visit our Company ESG Profiles page.

Source: H&M Group

Share:
esg
esg
esg
esg

Sustainable Finance Headlines

EGA Launches Green Finance Framework for ESG Projects

EGA Launches Green Finance Framework for ESG Projects

BIS and MAS Team Up to Tackle Climate Risk in Finance

BIS and MAS Team Up to Tackle Climate Risk in Finance

Digital Payments Slash CO2, Says Worldline Study

LSFI Names Avico Deputy CEO for Sustainability

SAB Recognised for Excellence in Banking and ESG

YIT Establishes a New Green Finance Framework

Terna Secures €250 Million ESG-Linked Credit Facility

PTI Converts €1.2B Credit into Sustainability Loan

BBVA Expands Decarbonisation Goals to Real Estate, Aluminium

Air Liquide Issues €500M Green Bond for Green Projects

More from H & M Hennes & Mauritz AB (publ)
Guide to Cruelty-Free Clothing Brands
Guide to Cruelty-Free Clothing Brands
H&M Releases 2022 Annual and Sustainability Report
H&M Releases 2022 Annual and Sustainability Report
H&M Highlights Sustainable Embellishments
H&M Highlights Sustainable Embellishments
H&M to Cut Absolute Scope 1, 2, and 3 Emissions by 56% by 2030
H&M to Cut Absolute Scope 1, 2, and 3 Emissions by 56% by 2030