The achievement is announced in the CDP Global 500 Climate Change Report 2013, which tracks how the world’s largest listed companies are responding to a changing climate.
For the first time, H&M has achieved a position in CDP’s Global 500 Climate Performance Leadership Index. This annual index highlights those companies listed on the FTSE Global Equity Index Series (Global 500) that demonstrate strategies committed to improving their impacts on the environment.
"We are proud to see that our efforts of reducing our climate impacts are recognized by CDP. We work hard to be as energy efficient as possible. Climate change is one of the major challenges of our time. Like many other organizations, we have a keen interest in tackling this – and a responsibility to do so", says Helena Helmersson, Head of Sustainability at H&M.
"Natural resource scarcity is increasing, the scientific case for action to mitigate climate change is strengthening and the number of investors requesting corporate action on climate change through CDP is continually increasing. We congratulate companies in the Climate Performance Leadership Index for their pioneering efforts to combat climate change and grow low carbon economies at this critical time", comments Paul Simpson, chief executive officer of CDP.
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 722 institutional investors with assets of US$87 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them.