H&M Tops European Fashion Retailers in 2023 Carbon Emissions

H&M reported 55,000 tonnes of Scope 1 and 2 greenhouse gas emissions in 2023, surpassing other major European fashion retailers. The fashion industry's significant carbon footprint has prompted calls for sustainable practices and reduced emissions.

author-image
Bijay Laxmi
New Update
H&M Tops European Fashion Retailers in 2023 Carbon Emissions

H&M Tops European Fashion Retailers in 2023 Carbon Emissions

Swedish fashion giant H&M reported a staggering 55,000 tonnes of Scope 1 and 2 greenhouse gas emissions in 2023, surpassing other major European fashion retailers in carbon footprint. The data, compiled from the annual reports of leading Europe-based fashion companies, highlights the environmental impact of the rapidly growing apparel industry.

Why this matters: The fashion industry's significant contribution to global carbon emissions has far-reaching consequences for the environment and climate change. As consumers become more aware of the environmental impact of their purchasing decisions, fashion retailers must adopt sustainable practices to reduce their carbon footprint and mitigate the industry's role in exacerbating climate change.

The Greenhouse Gas Protocol categorizes emissions into three scopes: Scope 1 covers direct emissions from fuel combustion, Scope 2 encompasses energy-related indirect emissions, and Scope 3 includes operational emissions associated with the value chain, such as transport and delivery processes. H&M's reported emissions for Scopes 1 and 2 alone exceed the carbon footprint of competitors like Next, JD Sports, Asos, and Inditex Group, although differences in financial reporting periods and emission calculation methods may exist among the companies.

Thefashion industryhas faced increasing scrutiny over its environmental footprint, particularly as apparel production has grown at an alarming rate in recent years. The industrial sector, which includes fashion and textiles, ranks as the third main source of global carbon emissions. In response to these concerns, many fashion brands are taking steps to reduce their carbon emissions and improve transparency in reporting their environmental impact.

H&M's 55,000 tonnes of Scope 1 and 2 greenhouse gas emissions in 2023 serve as a stark reminder of thefashion industry'ssignificant contribution to global carbon emissions. As consumers become increasingly aware of the environmental impact of their purchasing decisions, fashion retailers face mounting pressure to adopt more sustainable practices and reduce their carbon footprint.