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.
Finding the treasure chest of opportunities needs years of journeying through theJanuary 19, 2024 | By RetailME Bureau
Majid Al Futtaim – Retail, which holds the exclusive franchise to operate
In an exclusive interview Krishna Dhanak, Managing Director, Alpen Capital shared insights
As digital transformation across the retail industry continues to accelerate, the expectations
Saudi Arabia-based grocery retail chain Al Raya Supermarket serves over 100,000 customers
BinDawood Holding has a rich Saudi heritage, spanning over 50 years, 38
Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour
BinDawood Holding Company has earned an Honorary Shield, a distinguished recognition by
The World Economic Forum, with support from the Government of the United
Food consumption in the GCC is set to grow at a CAGR
Carrefour, operated by Majid Al Futtaim in the UAE, has set up
GMG’s Everyday Goods – Retail division is now expanding into the country’s
Following a partnership deal between food and grocery retailer Spinneys Dubai and
Majid Al Futtaim Lifestyle, a pioneering leader in lifestyle retail across the GCC,
Co-founded by the Dubai Design District (d3) and the Arab Fashion Council,
Founded in 1990, Trotters Childrenswear is a family business that is now
In an exclusive conversation with Anurima Das, Executive Editor, IMAGES RetailME, Majid
Fashion trends, like seasons, can be cyclical – vintage styles often make
The fusion of global and local trends will support the fashion industry
Introduced as a part of Aster DM Healthcare’s Green Choices initiative in
In 2024, regional luxury retailer Etoile Group will be focused on growth
M.A. Al Abdul Karim & Partners Co. is one of the leading
Founded in 2005, Lomar is a well-known Saudi brand with over 22
Established in 2007 and part of the fashion vertical of Saudi Arabia
Founded a decade ago by Tamara Abukhadra Homegrown Market was a first