Swedish retailer H&M listed as Global Compact Lead company

24 Sep '21

2 min read

Pic: H&M Group

The H&M Group has been announced as Global Compact Lead which demonstrates the Swedish retailer’s ongoing commitment to the UN Global Compact and its Ten Principles. Since 2001, H&M is a signatory of the pact’s strategic policy initiative for businesses committed to align their operations with 10 universally accepted principles concerning human rights and environment.

With its participation in UN Global Compact action platforms, H&M Group is working together with other businesses, Global Compact local networks, leading experts, civil society, governments and UN partners, to solve complex and interconnected issues and innovate around the sustainable development goals.

“We’re proud that UN Global Compact lists us as one of the 40 global Lead companies across the world and thereby acknowledges our continuous work for a more sustainable future. While it’s an honour to be the only fashion company on the list, this also encourages us in our ambition to lead our industry by example and inspire more industry players to join forces,” Leyla Ertur, head of sustainability at H&M Group, said in a press release.

“This initiative is a great example of how collaboration for responsible business practices and sustainable innovations can contribute to a powerful change that goes way beyond our own organisation and industry,” Ertur added.

“Lead companies represent the highest level of engagement with the UN Global Compact. More than ever before, the world needs businesses of all sizes — like the ones announced as Lead today — that continuously work to improve their sustainability performance and take action to build a better world,” Sanda Ojiambo, CEO and executive director of the UN Global Compact said.

Fibre2Fashion News Desk (JL)

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