{"id":14545,"date":"2023-11-27T11:56:23","date_gmt":"2023-11-27T11:56:23","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14545"},"modified":"2023-11-27T11:56:25","modified_gmt":"2023-11-27T11:56:25","slug":"hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/","title":{"rendered":"H&M Launches Green Loan Program to Finance Suppliers\u2019 Emissions Reductions Initiatives"},"content":{"rendered":"\n
\n <\/div>\n\n\n\n

Fashion and design brands company H&M Group announced the launch of a new green loan program aimed at facilitating decarbonization in the fashion sector in partnership with Singapore-based financial services group DBS.<\/p>\n\n\n\n

Under the new program, the H&M\u2019s suppliers will get access to financing from DBS, with \u201chighly favorable\u201d terms to suppliers with specific GHG emission reduction activities. In addition to the financing, suppliers in the program will also receive technical support from sustainability consultant, Guidehouse, to embark on factory upgrades to decrease their climate impact.<\/p>\n\n\n\n

Tan Su Shan, Group Head of Institutional Banking at DBS, said:<\/p>\n\n\n\n

\n

\u201cAccelerating net zero for supply chains requires the rapid scaling of low-carbon technologies and new, innovative financing models to drive adoption. The collaborative finance tool is a prime example of how we can create impact for suppliers. DBS is excited to be harnessing our extensive network in Asia, in partnership with H&M Group, to provide access to sustainable financing in a practical way \u2013 by directly funding factory upgrades to help suppliers improve their energy efficiency and decarbonise.\u201d<\/p>\n<\/blockquote>\n\n\n\n

H&M Group has set a goal to achieve net zero emissions by 2040, with interim targets to reduce absolute Scope 1, 2 and 3 emissions by 56% by 2030. As with most fashion retailers, Scope 3 value chain emissions, or those outside of a company\u2019s direct control, account for the vast majority of the company\u2019s emissions footprint. According to H&M\u2019s 2022 Sustainability Report, Scope 3 makes up nearly 99% of the company\u2019s emissions. Of these, over 60% derive in supply chain areas including fabric production, garment manufacturing, raw materials and transport.<\/p>\n\n\n\n

The new program marks the latest in aa series of supply chain-focused financing initiatives by H&M, including the Green Fashion Initiative, aimed at enabling supplying factories to invest in the technologies and processes to reduce energy demand and replace fossil fuels, the implementation last year<\/a> of a SEK 3 billion (USD$ 290 million) annual budget for value chain emissions reduction projects, participation as a lead funder of the $250 million Fashion Climate Fund<\/a>, the initiation of a Sustainable Supplier Facility with Guidehouse to facilitate decarbonization-related funding for suppliers, and the implementation of an internal carbon price to drive behavioral change in buying, design, merchandising, production and logistics.<\/p>\n\n\n\n

Ulrika Leverenz, Head of Green Investment at H&M Group, said:<\/p>\n\n\n\n

\n

\u201cH&M Group has been engaged in climate mitigation for years and we continuously push ourselves to demonstrate climate leadership within our industry. We see that our industry is committed to tackle its negative climate impact. But we also see that impactful climate action requires collaborative financing. For us, sustainability investments are not only a responsible approach but a strategic necessity for future success.\u201d<\/p>\n<\/blockquote>\n\n\n\n

H&M Group and DBS said that the new financing initiative has already completed its first transaction with India-based manufacturer Raj Woollen to fund the installation of solar panels and energy-efficient motors, as well as water conservation technologies to conserve resources and reduce carbon emissions.<\/p><\/span>","protected":false},"excerpt":{"rendered":"

Fashion and design brands company H&M Group announced the launch of a new green loan program aimed at facilitating decarbonization in the fashion sector in partnership with Singapore-based financial services group DBS. Under the new program, the H&M\u2019s suppliers will get access to financing from DBS, with \u201chighly favorable\u201d terms to suppliers with specific GHG […]<\/p>\n","protected":false},"author":2,"featured_media":14546,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6,12,30],"tags":[],"acf":[],"yoast_head":"\nH&M Launches Green Loan Program to Finance Suppliers\u2019 Emissions Reductions Initiatives - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"H&M Launches Green Loan Program to Finance Suppliers\u2019 Emissions Reductions Initiatives - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Fashion and design brands company H&M Group announced the launch of a new green loan program aimed at facilitating decarbonization in the fashion sector in partnership with Singapore-based financial services group DBS. Under the new program, the H&M\u2019s suppliers will get access to financing from DBS, with \u201chighly favorable\u201d terms to suppliers with specific GHG […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESGToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-27T11:56:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-27T11:56:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/11\/HM3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1052\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Segal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:site\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Segal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/\"},\"author\":{\"name\":\"Mark Segal\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\"},\"headline\":\"H&M Launches Green Loan Program to Finance Suppliers\u2019 Emissions Reductions Initiatives\",\"datePublished\":\"2023-11-27T11:56:23+00:00\",\"dateModified\":\"2023-11-27T11:56:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/\"},\"wordCount\":512,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"articleSection\":[\"Companies\",\"Environment\",\"Sustainable Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/\",\"url\":\"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/\",\"name\":\"H&M Launches Green Loan Program to Finance Suppliers\u2019 Emissions Reductions Initiatives - ESG Today\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/#website\"},\"datePublished\":\"2023-11-27T11:56:23+00:00\",\"dateModified\":\"2023-11-27T11:56:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.esgtoday.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"H&M Launches Green Loan Program to Finance Suppliers\u2019 Emissions Reductions Initiatives\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.esgtoday.com\/#website\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"name\":\"ESG Today\",\"description\":\"ESG investing news, analysis, research and information\",\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.esgtoday.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.esgtoday.com\/#organization\",\"name\":\"ESG Today\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"contentUrl\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"width\":618,\"height\":350,\"caption\":\"ESG Today\"},\"image\":{\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ESGToday\/\",\"https:\/\/twitter.com\/EsgToday\",\"https:\/\/www.linkedin.com\/company\/esg-today\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\",\"name\":\"Mark Segal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"caption\":\"Mark Segal\"},\"description\":\"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.\",\"url\":\"https:\/\/www.esgtoday.com\/author\/mo-segal9\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"H&M Launches Green Loan Program to Finance Suppliers\u2019 Emissions Reductions Initiatives - ESG Today","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/","og_locale":"en_US","og_type":"article","og_title":"H&M Launches Green Loan Program to Finance Suppliers\u2019 Emissions Reductions Initiatives - ESG Today","og_description":"Fashion and design brands company H&M Group announced the launch of a new green loan program aimed at facilitating decarbonization in the fashion sector in partnership with Singapore-based financial services group DBS. Under the new program, the H&M\u2019s suppliers will get access to financing from DBS, with \u201chighly favorable\u201d terms to suppliers with specific GHG […]","og_url":"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/","og_site_name":"ESG Today","article_publisher":"https:\/\/www.facebook.com\/ESGToday\/","article_published_time":"2023-11-27T11:56:23+00:00","article_modified_time":"2023-11-27T11:56:25+00:00","og_image":[{"width":1052,"height":667,"url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/11\/HM3.jpg","type":"image\/jpeg"}],"author":"Mark Segal","twitter_card":"summary_large_image","twitter_creator":"@EsgToday","twitter_site":"@EsgToday","twitter_misc":{"Written by":"Mark Segal","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/#article","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/"},"author":{"name":"Mark Segal","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01"},"headline":"H&M Launches Green Loan Program to Finance Suppliers\u2019 Emissions Reductions Initiatives","datePublished":"2023-11-27T11:56:23+00:00","dateModified":"2023-11-27T11:56:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/"},"wordCount":512,"commentCount":0,"publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"articleSection":["Companies","Environment","Sustainable Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/","url":"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/","name":"H&M Launches Green Loan Program to Finance Suppliers\u2019 Emissions Reductions Initiatives - ESG Today","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/#website"},"datePublished":"2023-11-27T11:56:23+00:00","dateModified":"2023-11-27T11:56:25+00:00","breadcrumb":{"@id":"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.esgtoday.com\/hm-launches-green-loan-program-to-finance-suppliers-emissions-reductions-initiatives\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.esgtoday.com\/"},{"@type":"ListItem","position":2,"name":"H&M Launches Green Loan Program to Finance Suppliers\u2019 Emissions Reductions Initiatives"}]},{"@type":"WebSite","@id":"https:\/\/www.esgtoday.com\/#website","url":"https:\/\/www.esgtoday.com\/","name":"ESG Today","description":"ESG investing news, analysis, research and information","publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.esgtoday.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.esgtoday.com\/#organization","name":"ESG Today","url":"https:\/\/www.esgtoday.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","contentUrl":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","width":618,"height":350,"caption":"ESG Today"},"image":{"@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ESGToday\/","https:\/\/twitter.com\/EsgToday","https:\/\/www.linkedin.com\/company\/esg-today\/"]},{"@type":"Person","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01","name":"Mark Segal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","caption":"Mark Segal"},"description":"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.","url":"https:\/\/www.esgtoday.com\/author\/mo-segal9\/"}]}},"builder_content":"","_links":{"self":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/14545"}],"collection":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/comments?post=14545"}],"version-history":[{"count":0,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/14545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media\/14546"}],"wp:attachment":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media?parent=14545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/categories?post=14545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/tags?post=14545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}