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HMs business concept is to offer fashion and quality at the best price. Quality also means that the products have to be manufactured in a way that is environmentally and socially sustainable. Like all HMs activity, our CSR work is based on a drive for continuous improvement.We have a responsibility towards everyone who contributes to our success, including those who are not employees of HM. That is why we work closely with our suppliers to develop a long-term, sustainable social and environmental standard in the factories that manufacture HMs products.We have to ensure that our employees human rights are not violated, and the same applies to employees of our suppliers and other cooperation partners, and to our customers.We apply the precautionary principle in our environmental work and have adopted a preventative approach with the substitution of hazardous chemicals.We strive to use resources as efficiently as possible and to minimise waste. By adopting new technologies and methods, we can work preventatively to minimise our environmental footprint through improved production processes and our choice of materials. We must continuously review the companys goals and strategies to reduce the companys climate impact.Our decisions are based on careful consideration, where shorter or longer-term environmental benefits are weighed up in order to ensure that we choose solutions which are sustainable in the long term.We want to be a good global citizen and act responsibly in our business relations. We take a clear stand against all forms of corruption. We engage in dialogue with all our various stakeholders to build trust in our operations within the environment we rely on for our long-term success.
H&M Extends Collaboration With UNICEF
“Bangladesh is an important production country and we want to contribute to positive, sustainable development. The All for Children project aims to take a holistic approach to child development in slum areas in Dhaka, and since H&M believes that children who learn how to read and write are better equipped to make informed choices about their future, the objective is to get 40,000 children into schooling,” says Karl-Johan Persson, CEO of H&M.
The project goal is for approximately 40,000 children aged from 3 to 14 years in targeted slums around Dhaka to have improved access to quality education, basic life skills and social protection services. The expected long-term impact of the project is to contribute to overall poverty reduction and improved livelihoods for families, and in a wider context to improve social development in Bangladesh.
“Quality education is a basic human right, but for many children in Bangladesh this right has not yet become a reality. There are children who are either out of school or in school but at risk of dropping out. UNICEF’s partnership with H&M will help to strengthen the quality of early learning, pre-primary and basic primary education, basic life skills and social protection services for children living in the slums, who are among the most vulnerable in society. We thank H&M for its generous support to the children of Bangladesh,” says Pascal Villeneuve, Representative of UNICEF Bangladesh.
In addition, on 18 October H&M will follow up last year’s success and launch a new All for Children collection. 25% of all sales from this collection will go to UNICEF’s work with All for Children in Bangladesh.
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H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on NASDAQ OMX Stockholm. The company’s business concept is to offer fashion and quality at the best price. In addition to H&M, the group includes the brands COS, Monki, Weekday and Cheap Monday as well as H&M Home. The H&M Group has approximately 2,600 stores in 47 markets, including franchise markets. In 2011, sales including VAT were SEK 128,810 million and the number of employees is more than 94,000. For further information, visit www.hm.com.