H&M Set Energy Targets
MULTINATIONAL clothing retail company, H&M have become one of the latest members of EP100, committing to bold energy productivity improvements.
The announcement was made today at the 2017 Energy Efficiency Global Forum (EE Global) in Washington D.C., where global leaders from business, government, and leading NGOs gathered to assess the future of energy efficiency.
The EP100 initiative, run by The Climate Group in partnership with the Alliance to Save Energy, showcases the world’s most influential businesses committed to ambitious energy productivity targets and now includes 12 companies.
Sweden-based H&M has become the first international fashion retailer to join EP100 since its launch in May 2016, and joins other major leading businesses such as Johnson Controls, Swiss Re, Danfoss and Dalmia Cement.
“I am beyond pleased to welcome two new companies to EP100 on the first anniversary of the program." said Kateri Callahan, President, Alliance to Save Energy. "EP100 is a unique chance for companies to demonstrate the business case for clean energy through the adoption of the ambitious goal of doubling energy productivity.”
On joining the campaign, Pierre Borjesson, Global Sustainability Business Expert, H&M said: “Using less energy and increasing our economic output is a fundamental part of our strategy.
“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 a 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 future stores using 40% less energy per square meter, compared to those constructed today. Within its stores, the retailer aims to invest in new technologies for lighting, heating, ventilation and air conditioning (HVAC) systems to improve its operational energy productivity.
Additionally, H&M aims to have 100% of its supplier partners enrolled in an energy efficiency program by 2025, as well as reduce the energy used in its logistics transport and warehouses. H&M is also a member of The Climate Group’s RE100 initiative, which brings together the world's most influential companies committed to 100% renewable power.
Source: The Climate Group.
Picture of H&M Melbourne by Nick-D - Own work, CC BY-SA 3.0.
Monday 8th May 2017