Patrik Renck’s Post

Come join our Sustainability Governance team in H&M Group Sustainability as Sustainability Reporting Lead for an exciting journey to make a significant impact in the new phase of sustainability reporting. Apply in the link below and reach out if interested!

We are beyond proud to announce that we are working on a project in Bangladesh to help suppliers decarbonise with BESTSELLER, Gap Inc. and MANGO. Producing materials and manufacturing products generates most of our emissions. However, we don’t own our suppliers and we share them with other brands. Therefore the best way to reduce emissions in our supply chain is to work with other apparel companies. This is where the Future Supplier Initiative steps in. They offer brands a platform to collaborate on financing decarbonisation in the supply chain. “I’m very happy to see Bestseller, Mango and Gap Inc. joining the Future Supplier Initiative, powered by The Fashion Pact, Apparel Impact Institute, Guidehouse and DBS Bank. The initiative offers a mechanism for collective financing, enabling both brands and suppliers to get closer to Science Based Targets, with a focus on using less energy and cleaner energy. We encourage others to join us to continue to drive change in our industry”, comments Adam Karlsson, CFO, H&M Group. More brands are welcome to join FSI and the idea is to open projects in other apparel manufacturing countries such as Vietnam, India, China, Italy and Turkey. Read the full press release here https://lnkd.in/dcrzQfYh Or visit the Future Supplier Initiative's website here https://lnkd.in/dSY28e55 #FutureSupplierInitiative #HMGroup #Climate #Decarbonisation #SupplyChain #TheFashionPact #GapInc #Mango #Bestseller #ApparelImpactInstitute #Guidehouse #DBSBank

https://lnkd.in/g43BHvmy Without electrification of all processes within our suppliers' factories any long-term climate related goals within the textile industry will be unachievable. This technology that we now have financially supported removes thermal heat and adds electricity, a.k.a electrification. It also mitigates the intermittency from renewable electricity by acting as a battery. The good thing is that this is readily available from many different technology providers and will be a pivotal type of technology. So please stop telling me what is not possible and start doing what is possible instead. More will come soon, much more.

Direct Air Capture and storage just went next level with the start of operations at Climeworks new Mammoth facility in Iceland, powered by geothermal energy supplied by Orka náttúrunnar / ON Power, and with the geologic storage solution provided by Carbfix. Mammoth's CO2 capture capacity is a tenfold increase over Climeworks Orca facility which opened only 2,5 years ago, and Mammoth is currently the largest operational DAC + storage plant in the world. H&M Group became a Climeworks customer in 2022, and Mammoth will be the facility delivering our contracted volumes. Collaborations such as this one are necessary to enable us to achieve our 2040 net-zero target, by which time our value chain GHG emissions will need to have been reduced by at least 90% (in absolute terms) compared to a 2019 baseline. Thanks to Climeworks, Carbfix and ON Power for inviting me to the unveiling of Mammoth. https://lnkd.in/dErzhX9p Hussein Dhanani, Edda Aradottir #climatetech #sustainability #carbonremoval #CDR #climateaction

Sofia Larsen, vd, Svensk Handel i TV4 Nyhetsmorgon, om det ökade intresset för second hand. Konsumenternas ökade intresse för hållbarhet och behovet av ekonomiskt smarta val driver trenden. Mode toppar listan över mest populära kategorier att handla second hand, följt av heminredning. Få fler insikter om second hands utveckling i Svensk Handels Pre Loved-indikator: https://lnkd.in/d3v_4kaM. #preloved #secondhand #nyhet