The Swedish fast fashion company H&M scored its highest rating in the financing decarbonization area, with a maximum score of 100. According to a recent transparency index covering major retail companies, the overall performance of H&M earned the company a score of 61 out of 150 in 2024. Financing decarbonization encompassed efforts to finance fashion's decarbonization of fossil fuels to renewable energy.
Notes on methodology according to the source are as follows:
The highest total score was 150 where 'Accountability' was worth 15/150, 'Decarbonization' was worth 60/150, 'Energy Procurement' was worth 22.5/150, 'Financing Decarbonization' was worth 22.5/150, 'Just Transition & Advocacy' was worth 30/150. The source took into account leading 250 companies with a revenue of 400 million USD in the high street, luxury, sportswear, accessories, footwear and denim categories.
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Fashion Revolution. (August 7, 2024). Transparency index score of H&M in 2024, by area [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498656/handm-transparency-index/
Fashion Revolution. "Transparency index score of H&M in 2024, by area." Chart. August 7, 2024. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498656/handm-transparency-index/
Fashion Revolution. (2024). Transparency index score of H&M in 2024, by area. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498656/handm-transparency-index/
Fashion Revolution. "Transparency Index Score of H&m in 2024, by Area." Statista, Statista Inc., 7 Aug 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498656/handm-transparency-index/
Fashion Revolution, Transparency index score of H&M in 2024, by area Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498656/handm-transparency-index/ (last visited November 13, 2024)
Transparency index score of H&M in 2024, by area [Graph], Fashion Revolution, August 7, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498656/handm-transparency-index/
