H&M Group was announced as Global Compact LEAD, which demonstrates our ongoing commitment to the United Nations Global Compact and its Ten Principles for responsible business.
H&M Group among the most engaged participants of the world’s largest corporate sustainability initiative
Since 2001, H&M Group is a signatory of the UN Global Compact. UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with 10 universally accepted principles concerning human rights, labour, environment and anti-corruption. With its participation in UN Global Compact action platforms, H&M Group is working together with other businesses, Global Compact local networks, leading experts, civil society, governments and UN partners, to solve complex and interconnected issues and innovate around the sustainable development goals.
We’re proud that UN Global Compact lists us as one of the 40 global LEAD companies across the world and thereby acknowledges our continuous work for a more sustainable future. While it’s an honour to be the only fashion company on the list, this also encourages us in our ambition to lead our industry by example and inspire more industry players to join forces. This initiative is a great example of how collaboration for responsible business practices and sustainable innovations can contribute to a powerful change that goes way beyond our own organization and industry.
Leyla Ertur, Head of Sustainability at H&M Group
“LEAD companies represent the highest level of engagement with the UN Global Compact. More than ever before, the world needs businesses of all sizes — like the ones announced as LEAD today — that continuously work to improve their sustainability performance and take action to build a better world”, says Sanda Ojiambo, CEO and Executive Director of the UN Global Compact.
To be eligible for LEAD, a company must:
- Be a participant in at least two UN Global Compact Action Platforms and commit to defining and fostering leadership practices in line with the Ten Principles and the Global Goals
- Commit to submitting an Advanced Communication on Progress — an annual sustainability report detailing progress on implementing the Ten Principles.
H&M Group’s Communication on Progress (CoP) and other related information is available in its Participant profile on the UN Global Compact website.