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H&M Group Unveils Sustainable Finance Framework to Align Financing with Sustainability Goals

ESGH&M Group Unveils Sustainable Finance Framework to Align Financing with Sustainability Goals

H&M Group has introduced a Sustainable Finance Framework, which includes a new Green Finance Framework and an updated Sustainability-Linked Finance Framework. This move aligns the company’s financing strategy with its sustainability objectives. The framework outlines eligible green projects, sets ambitious goals for recycled materials usage and greenhouse gas emissions reduction, and offers flexibility in issuing financial instruments related to green and sustainability-linked finance.

The Green Finance Framework identifies approved green projects across categories such as Circular Economy, Green Buildings, Renewable Energy, Energy Efficiency, and Sustainable Water Management and Wastewater Management, following the International Capital Market Association (ICMA) criteria. The Sustainability-Linked Finance Framework includes targets for 2030 related to recycled materials in commercial goods and aligns with H&M Group’s Science-Based Targets for reducing greenhouse gas emissions.

S&P Global Ratings has reviewed the framework and confirmed its alignment with various industry standards and principles, including the ICMA Green Bond Principles 2021, Sustainability-Linked Bond Principles 2023, LMA Green Loan Principles 2023, and Sustainability-Linked Loan Principles 2023.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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