H&M Group today publishes a Sustainable Finance Framework encompassing a new Green Finance Framework and an updated Sustainability-Linked Finance Framework.
- With a combined Green Finance Framework and Sustainability-Linked Finance Framework, H&M Group further aligns its financing strategy with its sustainability roadmap.
- H&M Group’s Framework provides an overview of eligible green projects, as well as industry-leading goals for recycled materials and GHG emissions reduction.
- The Sustainable Finance Framework offers flexibility in the issue of financial instruments, including green finance and sustainability-linked finance instruments.
The Green Finance Framework specifies eligible green projects under the International Capital Market Association (ICMA) categories Circular Economy, Green Buildings, Renewable Energy, Energy Efficiency and Sustainable Water Management and Wastewater Management. The Sustainability-Linked Finance Framework includes 2030-target for recycled materials in commercial goods and H&M Group’s ambitious Science-Based Targets for GHG emissions reductions.
“With this framework we further incorporate our sustainability journey into our financing strategy by providing investors with a transparent view into our roadmap, associated investments and key goals towards becoming a circular and net-zero emissions company by 2040.”
Adam Karlsson, CFO H&M Group
S&P Global Ratings has reviewed the Framework and provided a second-party opinion confirming alignment with the ICMA Green Bond Principles 2021 and Sustainability-Linked Bond Principles 2023 as well as the LMA Green Loan Principles 2023 and Sustainability-Linked Loan principles 2023.
More information on the Framework is available here: https://hmgroup.com/investors/sustainable-finance/
This information is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation of an offer or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Contact for media enquiries:
H&M Group Media Relations.
Phone: +46 8 796 53 00
Email: mediarelations@hm.com
Contact people:
Joseph Ahlberg, H&M Group Head of Investor Relations.
Phone: +46 73 465 93 92
Email: joseph.ahlberg@hm.com
Carl Gemzell, H&M Group Treasurer.
Phone: +46 72 173 12 46
Email: carl.gemzell@hm.com
H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands COS, Monki, Weekday, &Other Stories, H&M HOME, ARKET and Afound as well as Sellpy. For further information, visit hmgroup.com.
