ESG & Investing
H&M Outperforms Zara and Shein on Green Report Card for Fashion
The brands respectively got a B+, a C and an F on this year’s Fossil-Free Fashion Scorecard.
An H&M store in Vilnius, Lithuania.
Photographer: Andrey Rudakov/BloombergFast fashion is responsible for a significant share of the world’s climate pollution and waste. But among the industry’s leading companies, there’s a widening gap between better and worse performers, according to a report card released Tuesday by nonprofit Stand.earth.
Hennes & Mauritz AB leads the scorecard, which ranks 42 fashion companies on their efforts to phase out fossil fuels, while Singapore-based Shein Group Ltd. was one of several companies to receive an F grade.