International fashion retailer H&M has increased its commitment to renewable energy and energy efficiency by committing to join The Climate Group’s EP100 initiative, in addition to already being a committed member to the Group’s RE100 initiative.
H&M is already committed to securing 100% renewable energy for all its operations and has already reached 90% for all its global operations, making it a leading partner with The Climate Group’s RE100 initiative — an initiative intent on increasing the awareness of the need for businesses to transition to 100% renewable energy, while providing help and expert advice. However, H&M has further committed itself to a green business policy, this week announcing that it was committing to The Climate Group’s EP100 initiative — designed to encourage influential businesses to double the economic output from every unit of energy they consume.
In fact, H&M will be the first international fashion retailer to join the EP100 initiative since its launch in May of last year.
“Using less energy and increasing our economic output is a fundamental part of our strategy,” said Pierre Borjesson, Global Sustainability Business Expert, H&M.
“We have long been working to reduce our climate impact and recently launched our new commitment to achieve a climate positive value chain by 2040. This means H&M will support reductions of greenhouse gases to larger extent than what our value chain emits. Two of our key priorities are leadership in energy productivity and using renewable energy throughout the value chain.”
“It is great to see a multinational such as H&M taking a leading role in enhancing energy efficiency by joining EP100,” explained Helen Clarkson, Chief Executive of The Climate Group.
“Already a member of our RE100 initiative that commits businesses to renewable power, H&M is going one step further in joining EP100 in enhancing its commitment to climate initiatives.
“We hope that H&M’s leadership in this area can inspire other companies across sectors to embrace energy productivity initiatives, to align economic growth with environmental sustainability.”
“This is a smart business move from H&M; by taking a dual approach to energy it not only makes it easier to achieve 100% renewable power but saves money too,” added Sam Kimmins, Head of RE100 at The Climate Group.
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