Today we are losing biodiversity at a faster pace than it can restore itself, and we face losing up to one million species in the coming decades. Science warns that we might only have 10 years to halt the destruction of natural habitats and recover from the biodiversity loss. This will require transformative changes across societies, governments and industries.
The two main drivers of biodiversity loss are the over-exploitation of land and wild resources. 75% of all land on Earth has been significantly altered by human activities and agriculture is one of the major drivers of biodiversity loss.
The fashion industry impacts biodiversity on all levels of the value chain; raw materials, fabric/yarn production, transportation and use - but raw material production is where H&M Group has its biggest impact.
With our long-term sustainability vision of becoming 100% circular and climate positive by 2040, we will also take big leaps in decreasing the negative impact we have on biodiversity. But we must do more. We must reduce our footprint even further and start to restore deprived areas. Therefore, we have developed our Biodiversity ambition with the long-term vision to have a net positive impact on biodiversity that goes hand in hand with our existing strategies.
We will work to prevent and reduce our overall impact on biodiversity and natural ecosystems in our value chain.
Further, we will support the protection and restoration of biodiversity and natural ecosystems in line with what science requires.*
Formalizing our ambition for biodiversity will help us to operate within the planetary boundaries while creating a more resilient supply chain and steering our business towards meaningful growth. To further develop our actions towards a sustainable future, we want to strengthen our position through collaborations with important stakeholders such as IPBES, WWF, the Fashion Pact, IPI and Business for Nature.
As we embark on this journey, we will continue to map out our impact on biodiversity which will be a key factor in moving forward with our objectives to prevent and reduce our overall impact, together with protecting and restoring our planets biodiversity and natural ecosystems.
*Science currently calls for action to ensure that 50% of the Earth’s surface is protected, restored and sustainably managed by 2030, with 30% of the area being fully protected and 20% sustainably managed