International fashion retailer H&M has joined global collaborative initiative EP100 in order to enhance its energy productivity and transition to a net zero carbon company.
EP100 is a global campaign that also consists of nine other major leading businesses such as Woolworths, Land Securities, Dalmia Cement, Swiss Re, and Johnson Controls. The campaign is led by The Climate Group in partnership with the Alliance to Save Energy (ASE) and tries to encourage businesses 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.
“Using less energy and increasing our economic output is a fundamental part of our strategy” said H&M’s Global Sustainability Business Expert, Pierre Borjesson. “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, at the latest, H&M is planning to build stores using 40 percent less energy per square metre, compared to those constructed currently. The company is aiming to invest in new technology within its stores, including lighting and heating ventilation and air conditioning (HVAC) systems to improve its operational energy productivity. Additionally, H&M aims to have 100 percent of its supplier partners enrolled in an energy efficiency program by 2025, as well as reducing the energy used in its logistics transport and warehouses.
Helen Clarkson, Chief Executive of The Climate Group, added that it is great to see a multinational such as H&M taking a leading role in enhancing energy efficiency. The company is already a member of The Climate Group’s RE100 initiative that commits businesses to renewable energy.