H&M Group signs new UN Global Compact initiative

The H&M Group has joined the UN Global Compact’s latest initiative:
Uniting Business and Governments to Recover Better. The fashion
company is one of about 150 signatories, standing behind a call to
action aimed at world governments and policy-makers for climate
change.

“We have the chance to truly reconstruct a better future, and while
doing it, we need to ensure that the recovery measures taken today are
not at the cost of our planet,” Helena Helmersson, CEO of the H&M
Group, said in a company statement. “It is now more important than
ever that companies and governments show leadership standing by their
commitments in climate action, and that we take responsibility
together.”

The company said it will continue to “demonstrate that the best
decisions and actions are grounded in science, invest in recovery and
resilience for a systemic socio-economic transformation and work with
governments to scale up the movement,” as part of the Recover Better
statement.

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The H&M Group hopes to integrate climate positive throughout its
entire value chain by 2040.