H&M among top five in Transparency Index 2018

"At H&M group we do not only agree on these important concerns, we have been working for many years to develop a more ambitious sustainability strategy for our business. We believe transparency plays a key role to build trust and credibility along our supply chain and empowers our customers to make more sustainable choices," H&M press release stated.

H&M aims to develop a consumer labelling system that allows customers to compare products’ sustainability performance, also between different brands. For the second year in a row, H&M's Conscious Exclusive collection will go one step further on traceability, offering extended and detailed information on product level at its online store.

"As it is also stated at the Transparency Index, we believe that an industry-wide shift from a linear to a circular business model is the only way to go. We have set an ambitious goal for our business to become fully circular and renewable in our own operations. Our circular approach includes, among other things, our aim to only use recycled or other sustainably sourced materials by 2030, to only use renewable energy for our own operations, or to offer our customers solutions for bringing their unwanted garments so we can give them a second life by reusing or recycling them," the release added. (RR)

Fibre2Fashion News Desk – India