H&M has issued a €500 million sustainability-linked bond which will encourage it to meet previously announced 2025 sustainability targets. By 2025, the H&M Group aims to increase its share of recycled materials in collections to 30 per cent. It also plans to reduce emissions from the group’s own operations by 20 percent, reduce absolute Scope 3 emissions from fabric production, garment manufacturing, raw materials and upstream transport by 10 percent.
The bond will be listed on the regulated market Euronext Dublin and has been placed with the assistance of BNP Paribas, Commerzbank, Danske Bank, SEB and Standard Chartered.
In collaboration with Infinited Fiber Company,H&M Group brand Weekday has launched a limited-edition version of their popular Rowe Jeans, using 100 per cent post-consumer waste to make a completely recyclable, breathable cotton like fabric. The material used to make the exclusive jeans consists of 50 per cent organic cotton and 50 per cent Infinna™, which comes from 100 per cent reborn textile waste.
