Some examples of the sustainability awards, ratings and recognitions H&M Group have received.
Awards and recognitions
Platform Living Wage Financials Annual Report
In their 2022 report, Platform Living Wage Financial (PLWF) assessed our work on wages in the supply chain as “advanced” for the second year running. Out of the 34 garment companies included in the report, only two received “advanced”, the second highest category. PLWF is an alliance of 19 financial institutions that monitors and encourages companies to address the non-payment of living wages in global supply chains.
Fashion Revolution Fashion Transparency Index
H&M Group was ranked 4th out of 250 brands reviewed by the 2022 Fashion Transparency Index. This ranking was created by Fashion Revolution to hold top fashion brands accountable and encourage greater transparency. We’re pleased to have been recognised for our efforts, but we know that we still have more work to do in this area.
Textile Exchange Corporate Fiber & Materials Benchmark
Oxfam Australia Naughty or Nice List
In 2021, H&M Group was included in Oxfam Australia’s Naughty or Nice List, which assesses clothing brands on their progress towards paying living wages. We were one of the top three brands recognised for our commitment, transparency and how we ring-fence labour costs.
Dow Jones Sustainability Index
H&M Group was included in the Dow Jones World Sustainability Index for the tenth year running in 2021, scoring well above our industry average. We achieved the highest possible scores in several areas including environmental and social reporting, as well as making huge jumps in climate strategy and packaging. We were also listed in the Dow Jones European Index.
Baptist Aid's World Ethical Fashion Report
Each year Baptist World Aid Australia publishes its Ethical Fashion Guide to help consumers choose brands that put people and planet before profit. In 2021, H&M Group was awarded an A grade, putting us in the top 20% of brands surveyed.
Stand Earth Fashion Scorecard
Stand Earth ranked H&M Group in the top ten of their Fashion Scorecard 2021 for our performance in deploying fossil-free energy in our supply chain. While we are happy to be amongst the leading brands, it’s clear that we, and our whole industry, still have more work to do.
United Nationals Global Compact LEAD
H&M Group was named one of 37 Global Compact LEADs by the United Nations (UN) in 2021. The Global Compact brings together the UN and businesses to work towards universally accepted principals on human rights, labour, environment and anticorruption, and the Sustainable Development Goals. Companies named as Global Compact LEADs represent the highest level of engagement with the UN Global Compact.
H&M Group was included in CDP’s 2020 A List for climate, which recognises companies leading on environmental transparency and performance. Of more than 9,600 companies assessed, we were among the 273 companies recognised for climate action work.
Changing Markets Foundation Responsible Viscose Report
We were included as one of 14 frontrunners in Changing Markets Foundation’s 2020 report on where the global textile industry stands in the transition towards responsible viscose.
H&M Group was again featured in the 2020 FTSE4Good Index Series, a responsible investment index that helps investors identify companies demonstrating strong environmental, social and governance standards.
Corporate Knights 2020 Global 100
H&M Group has been ranked 27th in Corporate Knights’ annual ranking of the world’s most sustainable corporations, announced at the World Economic Forum in Davos, Switzerland.
Corporate Responsibility Reporting Awards
Our 2019 Sustainability Performance Report was ranked top in the category Best Report award. We reached second place in several other categories: creativity in communication, openness and honesty, as well as best carbon disclosure. We’re very proud of this result and will work to keep this position with rightfully increasing expectations.
Carbon Disclosure Project Climate A-List
H&M Group is included in the Carbon Disclosure Project’s (CDP) 2019 Climate Change. A List that recognises the world’s most pioneering companies leading on environmental transparency and performance.
Walking the Talk? Report
According to Stockholm School of Economics 2019 Walking the Talk? Report, which studies the sustainability communications of Sweden’s largest listed companies, H&M Group is among the best companies in “walking the talk”.