Swedish fast fashion retailer H&M Group aims to reduce its absolute emissions by 56% by 2030. The Group has set a goal to source 100% renewable electricity to run its operations and supply chain by 2030. As such, the H&M Group has also strengthened its commitment towards climate action in Bangladesh.
Recently H&M joined a policy roundtable by the UNFCCC Fashion Industry Charter for Climate Action in Bangladesh to discuss key actions needed to transition the industry towards renewable alternatives.
The discussions focused on ways to unlock some challenges that the Bangladeshi garment industry faces in this area. One of the key focus areas was the need to advance policies for Power Purchase Agreements and similar solutions such as green tariffs to enable the industry to procure renewable energy.
“H&M Group supports the development of the necessary frameworks enabling our suppliers to move towards more renewable energy. Power Purchase Agreements can play a key role in the green transformation of the industry in Bangladesh, helping suppliers to remain resilient while ensuring that the local communities also benefit from this development,” stated Ziaur Rahman, H&M Group’s Country Manager for Bangladesh.
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