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How we report

We are committed to transparent reporting on the progress we make towards achieving our sustainability strategy.

Basis for preparation of the sustainability report

Our sustainability reporting is based on the results of an impact materiality analysis covering an assessment of impacts across our own operations as well as our upstream and downstream value chain. For many years, H&M Group has been conducting its materiality analysis in line with applicable Global Reporting Initiative (GRI) Standards. In 2023, we began developing our materiality analysis process to align our approach with the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS), along with EFRAG’s Implementation Guidance for Double Materiality. The annual and sustainability report 2024 and our impact materiality analysis has been prepared to align with the format of the upcoming reporting requirements but does not claim any compliance with the CSRD or the ESRS. The sustainability report is prepared in accordance with the GRI. Our annual and sustainability report complies with the applicable Swedish and EU legislation and the International Financial Reporting Standards (IFRS) adopted by the EU and is prepared in accordance with the Swedish Annual Accounts Act.

Frameworks

  • Global Reporting Initative (GRI).We report according to the current GRI Standards. Download our  GRI Index 2024. 
  • UN Guiding Principles Reporting Index.  We were one of the first companies to report on human rights in line with the UNGP Reporting Framework in 2015. We regularly evaluate salient human rights issues in our materiality assessment. 
  • Task Force on Climate-Related Financial Disclosures (TCFD). Our climate risk analysis follow TCFD recommendations. Read more in our annual and sustainability report.   
  • UN Global Compact and CEO Water Mandate. We are signatories to the UN Global Compact. Our annual sustainability reporting acts as our Communication on Progress for the UN Global Compact and CEO Water Mandate. and we disclose via the UN Global Compact digital reporting system. See our latest Communication on Progress.
  • Modern Slavery Act. We report in accordance with the UK Modern Slavery Act and the Australian Modern Slavery Act 2018 (Cth), as well as the Canadian Supply Chains Act. See our Modern slavery statement.
  • Corporate Sustainability Reporting Directive (CSRD): We are preparing to comply with CSRD, for example by integrating more sustainability content into our annual and sustainability report and strengthening our materiality assessment process.

We report in line with relevant legislation, including evolving human rights and due diligence policies developed by the European Union, Germany, Norway and the UK.

Read in detail about our climate data reporting method as well as the description of the KPIs which not have a predefined GRI standard and therefore, have been disclosed as our own indicators.