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2040
Target Year
8.2Mt
Total CO2e / year
$24B
Revenue
143K
Employees
Scope 1 & 2 (direct operations) vs Scope 3 (value chain)
100Kt
Direct operations & purchased energy
8.1Mt
Supply chain & value chain
8.2Mt
All scopes combined
SBTi validates that corporate emissions reduction targets are consistent with the latest climate science.
CDP scores range from A (leadership) to D- (disclosure), rating corporate environmental transparency and performance.
H&M Group's total annual emissions of 8.2 megatonnes CO2e is equivalent to the annual emissions of approximately 1.8 million average cars. Scope 3 (value chain) emissions account for 98.8% of the total — typical for fashion / retail companies, where upstream and downstream activities dominate the carbon footprint.
H&M Group has committed to achieving Net-Zero across value chain by 2040, with a 56% reduction target from a 2019 baseline. Their offset strategy involves: Carbon removals + insetting via supply chain.
H&M Group's total reported emissions are 8.2 megatonnes CO2 equivalent per year. This breaks down to 0.1Mt from Scope 1 & 2 (direct operations) and 8.1Mt from Scope 3 (value chain).
H&M Group is currently assessed as "Behind" its climate targets, with only 28% progress toward its 2040 goal. Significant acceleration in emissions reductions will be needed to meet the commitment.
Yes, H&M Group's climate targets have been validated by the Science Based Targets initiative (SBTi) as aligned with a 1.5°C pathway. This means an independent body has verified their targets are consistent with what climate science says is necessary.
H&M Group Sustainability Disclosure 2024 (latest report year: 2024)
Emissions figures represent the most recently reported annual data. Progress assessments incorporate SBTi validation, CDP scoring, and independent analysis.