H&M is the first international fashion retailer to join EP100 since its launch in May 2016. The company is now part of a global, collaborative initiative that consists of nine other major leading businesses such as Woolworths, Land Securities, Dalmia Cement, Swiss Re, and Johnson Controls.
Led by The Climate Group in partnership with the Alliance to Save Energy, EP100 encourages influential businesses to double their energy productivity as part of international efforts to transition to a net-zero economy. By doubling the economic output from every unit of energy consumed, companies set a bold target, demonstrating climate leadership while reaping the benefits of lower energy costs.
On joining the campaign, Pierre Borjesson, Global Sustainability Business Expert, H&M said: “‘Using less energy and increasing our economic output is a fundamental part of our strategy. He continues: "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.”
By 2030 latest H&M plans to build future stores using 40% less energy per square meter, compared to those constructed today. Within its stores, the retailer aims to invest in new technologies for lighting, heating, ventilation and air conditioning (HVAC) systems to improve its operational energy productivity. Additionally, H&M aims to have 100% of its supplier partners enrolled in an energy efficiency program by 2025, as well as reduce the energy used in its logistics transport and warehouses.
Helen Clarkson, Chief Executive of The Climate Group said: “It is great to see a multinational such as H&M taking a leading role in enhancing energy efficiency by joining EP100. Already a member of our RE100 initiative that commits businesses to renewable power, H&M is going one step further 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.”
EP100 is a global campaign led by The Climate Group that encourages the world’s most influential businesses to pledge to double their energy productivity, to maximize the economic benefits from every unit of energy they consume. Active members of EP100 include: Covestro, Dalmia Cement, Danfoss, Hongbo, Johnson Controls, Mahindra & Mahindra, Mahindra Holidays & Resorts, and Swiss Re. @ClimateGroup
The campaign is in partnership with the Alliance to Save Energy, as part of the We Mean Business Coalition.
About The Climate Group
The Climate Group is an award-winning, international non-profit. They specialize in bold, catalytic and high-profile climate and energy initiatives with the world’s leading businesses and state and regional governments. Their work is at the forefront of ambitious climate action. Their vision is a world of prosperous ‘net-zero’ emission economies and thriving, sustainable societies. Their mission is to catalyze climate leadership in government and business to accelerate the shift to a prosperous and thriving ‘net-zero’ future for all. They do this by communicating to inform, convening to connect, and collaborating to scale and succeed. Founded in 2004, the offices are in Beijing, Hong Kong, New Delhi, New York and London. TheClimateGroup.org | @climategroup