We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
H&M is a member of Svenskt Naringsliv who has two committee members on the Swedish ICC Environment and Energy board
Inger Strömdahl
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
H&M is a member of Svenskt Naringsliv who has two committee members on the Swedish ICC Environment and Energy board
Inger Strömdahl
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Lobbying Overview: H&M appears to support ambitious action on climate change and has actively supported various strands of climate-related regulation in the EU, including energy efficiency, renewable energy legislation, and GHG emissions targets. H&M also appears to support the energy transition, including the phase-out of coal and fossil gas in favor of renewables.
Top-line Messaging on Climate Policy: H&M’s top-line messaging appears supportive of ambitious action on climate change. The company’s Sustainability Disclosure Report, published in March 2022, communicated a clear position on the scientific consensus on climate change and supported policies to respond to climate change. In its corporate website, accessed in January 2023, H&M supported GHG emissions in line with the 1.5 °C target. H&M appears supportive of the goals of the Paris Agreement. For instance, in November 2022, the company signed a joint letter to the governments attending COP27 to advocate for more ambitious National Determined Contributions (NDCs) for emissions reduction.
Engagement with Climate-related Policy: H&M appears to support multiple strands of climate change related legislation and regulation. In its response to the public consultation on the EU 2030 Climate Target Plan held in June 2020, H&M directly advocated for the EU to raise its GHG emissions reduction target to 55%. In April 2021, H&M signed a joint letter calling for the US to adopt a 50% emissions reduction target by 2030.
H&M also actively engages with policymakers on energy efficiency and renewable energy policies. The company’s 2021 CDP Climate Change responses disclosed its advocacy to support renewable energy and energy efficiency targets in the EU. H&M also disclosed its engagement to support renewable energy legislation across countries where it operates in its 2021 Sustainability Disclosure report, such as Bangladesh, Cambodia, and Indonesia. In its response to the EU 2030 Climate Target Plan consultation, it supported raising the renewable energy target to 40% of the EU’s final energy consumption by 2030.
Positioning on Energy Transition: H&M appears to be broadly supportive of the energy transition. In May 2022, H&M signed a joint letter to EU President, Ursula von der Leyen, supporting several policies to decarbonize the economy, including the phase out of fossil fuels while calling for electrification of industry, transport, and buildings. H&M signed a joint letter in September 2021 calling on policymakers to commit to ending new coal power developments and coal phase-out plans by 2030 in advanced economies, with other countries following by 2040. Further, in April 2021, H&M signed a joint letter to US policymakers which supported the deployment of zero-emission vehicles in pursuit of a carbon-neutral economy.
Industry Association Governance: H&M currently does not disclose its industry associations on its corporate website and did not include a disclosure on its industry association memberships in its 2021 CDP Climate Change response. The company has not published a formal review of its industry association memberships.