H&M Group strengthens climate action in Bangladesh


March 2, 2023 | By RetailME Bureau

H&M Group strengthens climate action in Bangladesh [PC – H&M Group]

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.

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Jean-Luc Graziato, Chief Commercial Officer of Majid Al Futtaim – Retail and Alia Al Harmoodi, Acting CEO of the Environment, Health and Safety Agency

Majid Al Futtaim – Retail, which holds the exclusive franchise to operate 

Continue Reading

February 20, 2024 | By RetailME Bureau
Krishna Dhanak, Managing Director, Alpen Capital

In an exclusive interview Krishna Dhanak, Managing Director, Alpen Capital shared insights 

Continue Reading

February 19, 2024 | By Rupkatha B
Majed M. Al-Tahan, Co-founder & Managing Director, Danube Online

As digital transformation across the retail industry continues to accelerate, the expectations 

Continue Reading

December 19, 2023 | By RetailME Bureau
Frederic Levy-Perrault, CEO, Al Raya Supermarket

Saudi Arabia-based grocery retail chain Al Raya Supermarket serves over 100,000 customers 

Continue Reading

December 15, 2023 | By RetailME Bureau
Ahmad AR. BinDawood, Chief Executive Officer, BinDawood Holding

BinDawood Holding has a rich Saudi heritage, spanning over 50 years, 38 

Continue Reading

December 13, 2023 | By RetailME Bureau
Majid Al Futtaim Retail commits to Collaborative Impact Goals at COP28

Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour 

Continue Reading

December 8, 2023 | By Rupkatha B
BinDawood Holding Company earns Honorary Shield for Compliance Excellence

BinDawood Holding Company has earned an Honorary Shield, a distinguished recognition by 

Continue Reading

December 6, 2023 | By RetailME Bureau
First Movers Coalition for Food to create up to $20-bn value chain for sustainable farming

The World Economic Forum, with support from the Government of the United 

Continue Reading

December 5, 2023 | By RetailME Bureau
Food consumption in the GCC to grow at a steady pace

Food consumption in the GCC is set to grow at a CAGR 

Continue Reading

November 29, 2023 | By RetailME Bureau
Carrefour urges customers to ‘Choose Better’

Carrefour, operated by Majid Al Futtaim in the UAE, has set up 

Continue Reading

November 28, 2023 | By RetailME Bureau
GMG opens Monoprix outlet in Abu Dhabi

GMG’s Everyday Goods – Retail division is now expanding into the country’s 

Continue Reading

November 27, 2023 | By RetailME Bureau
Spinneys to open second store in Riyadh’s KAFD in partnership with Al-Hokair Group

Following a partnership deal between food and grocery retailer Spinneys Dubai and 

Continue Reading

November 22, 2023 | By RetailME Bureau




Download Images RetailME Magazine