Annual and Sustainability Report
Our Annual and Sustainability Report 2023 reveals the progress we made in the year behind us. It outlines our financial and non-financial performance.
“Despite continued uncertainties in the world around us, with geopolitical and macroeconomic challenges, we see many opportunities. The market our industry serves is large, growing and fragmented. I look forward to continuing our journey as one of the world’s leading fashion companies along with our fantastic colleagues. With the established plan we are now better prepared than ever to continue to take further steps towards our long-term goals.”
Daniel Ervér, CEO H&M Group as of 31 January 2024
Looking back at 2023 with Helena Helmersson, CEO H&M Group up to 31 January 2024
Key figures 2023
200
billion SEK in net sales, +6% vs. 2022
1%
share of recycled or sustainably sourced materials, including 25% recycled materials
1%
reduction in scope 3 greenhouse gas (GHG) emissions under our science-based target against a 2019 baseline1
1 Excluding use-phase emissions.
1
billion SEK in cash flow from operating activities
Sustainability Disclosure
Our Sustainability Disclosure includes information on our progress of how we are making fashion and design available to everyone, in a more sustainable way.
