Collaborative Financing Solutions for Impactful Climate Action H&M Group and DBS Drive the Agenda

H&M Group is taking a leadership position in establishing collaborative financing solutions that enable the necessary decarbonization of fashion supply chains. To realize this ambition, the H&M Group, together with Southeast Asia's largest bank, DBS, has initiated a collaborative finance tool-a first-of-itskind green loan programme that facilitates supply chain decarbonization in the apparel sector.

The ongoing 28th Conference of the Parties to the UNFCCC (COP 28), the world's highest decision-making platform for climate issues aims to build on previous successes and pave the way for future ambition to effectively tackle the global challenge of climate change. H&M Group's and DBS' representatives will be on-site to engage on emerging policies and to discuss best practices and innovative solutions. "H&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," says Ulrika Leverenz, Head of Green Investment, H&M Group.